Loan Servicing Professional

3 days ago


Aurora, Illinois, United States Old Second Bancorp Inc Full time
Loan Servicing Specialist Job Description

At Old Second Bancorp Inc, we're committed to putting our customers first. As a Loan Servicing Specialist, you'll play a crucial role in maintaining and processing commercial and consumer loans, ensuring timely payments and disbursements.

Key Responsibilities:
  • Process payments and disburse loan proceeds accurately and efficiently.
  • Review and process loan payoff functions, ensuring all necessary steps are taken.
  • Maintain loan set-ups and portfolios, including commercial, consumer, and real estate loans.
  • Monitor and process loan advances, including construction draws.
  • Produce paid loan reporting for the collateral team.
  • Process incoming mail and perform miscellaneous clerical duties as needed.
  • Administer insurance and tax escrow, as well as force-placed insurance processing and reporting.
Senior Level Responsibilities:
  • Establish accurate reporting of loan volumes, including construction draft funding, payoffs processed, and accounts actively escrowed.
  • Train team members on enhanced processes within the department.
  • Serve as backup for all Loan Servicing Specialists within the team.
  • Assist in conversion-related efforts for the Loan Servicing area.
Requirements:
  • High school diploma and two or more years of consumer and/or commercial loan operations experience, or equivalent combination of education and experience.
  • Technical aptitude, including experience with Microsoft Office Suite.
  • Above-average oral, written, and communication skills.
Preferred Qualifications:
  • Bachelor's degree.
  • Experience with Jack Henry.

We're looking for a skilled and detail-oriented individual to join our team as a Loan Servicing Specialist or Senior Loan Servicing Specialist. If you're passionate about financial services and have a strong work ethic, we encourage you to apply.



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