Senior Loan Servicing Specialist

4 days ago

South Boston, MA, United States City of Boston Credit Union Full time

The Senior Loan Servicing Specialist plays a key role in the lending process by evaluating and underwriting consumer loan applications. Primary responsibilities will include assessing creditworthiness, ensuring compliance with lending policies, and making informed decisions to support the credit union's goals. The ideal candidate will possess a strong analytical mindset, attention to detail, and a thorough understanding of consumer lending practices.

RESPONSIBILITIES

The essential functions include, but are not limited to the following:

  • Evaluate consumer loan applications to determine creditworthiness and adherence to lending policies.
  • Analyze credit reports, income documentation, and other relevant financial information.
  • Assess the level of risk associated with each loan application.
  • Make recommendations for loan approvals or denials based on established criteria.
  • Ensure compliance with federal, state, and local lending laws and regulations.
  • Stay updated on changes in regulatory requirements and adjust underwriting practices accordingly.
  • Collaborate with branch staff, members, and other stakeholders to gather additional information when necessary.
  • Communicate underwriting decisions to relevant parties in a clear and timely manner.
  • Maintain accurate and thorough documentation of the underwriting process.
  • Ensure that all required documentation is collected and retained in accordance with regulatory guidelines.
  • Provide support to all staff by offering insights into underwriting decisions.
  • Address inquiries from members regarding the underwriting process professionally and courteously.
  • Identify potential risks associated with consumer loans and propose strategies for risk mitigation.
  • Participate in the development and enhancement of underwriting policies and procedures.
Requirements

Knowledge/Skills/Experience
  • Loan officer: 5 years (Required)
Education/Certifications/Licenses
  • Bachelor's (Required)

Physical Demands/Conditions Required

Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be capable of regular, reliable, and timely attendance.

DIRECT REPORTS / SUPERVISION

*No Direct Reports/Supervision

Salary Description

Starting at $31.25 per hour

  • Loan Servicing Setup Specialist

    2 days ago

    Boston, MA, United States Carrington Full time

    Come join our amazing team and work remote from home! The Loan Servicing Setup Specialist is responsible for the reconciliation and auditing of all originated loans boarded onto the servicing system against the final loan documents to ensure the uploaded information is accurate. Perform all duties in accordance with the company's policies and procedures, all...

  • Loan Servicing Setup Specialist

    5 hours ago

    Boston, MA, United States Carrington Full time

    Come join our amazing team and work remote from home! The Loan Servicing Setup Specialist is responsible for the reconciliation and auditing of all originated loans boarded onto the servicing system against the final loan documents to ensure the uploaded information is accurate. Perform all duties in accordance with the company's policies and procedures, all...

  • Commercial Loan Servicing Specialist II

    2 weeks ago

    South Weymouth, MA, United States South Shore Bank Full time

    Job Type Full-time Description SUMMARY Under the supervision of the Commercial Loan Servicing Officer, performs a variety of Loan Servicing functions in connection with Commercial loans such as new loan setup, data entry / file maintenance, payment, and payoff processing. Effectively problem solves customer issues relating to account maintenance. While...

  • Commercial Loan Servicing Specialist II

    5 days ago

    South Weymouth, MA, United States South Shore Bank Full time

    Job Type Full-time Description SUMMARY Under the supervision of the Commercial Loan Servicing Officer, performs a variety of Loan Servicing functions in connection with Commercial loans such as new loan setup, data entry / file maintenance, payment, and payoff processing. Effectively problem solves customer issues relating to account maintenance. While...

  • Commercial Loan Servicing Specialist II

    2 days ago

    South Weymouth, MA, United States South Shore Bank Full time

    Job Type Full-time Description SUMMARY Under the supervision of the Commercial Loan Servicing Officer, performs a variety of Loan Servicing functions in connection with Commercial loans such as new loan setup, data entry / file maintenance, payment, and payoff processing. Effectively problem solves customer issues relating to account maintenance. While...

  • Home Loan Specialist II

    2 weeks ago

    Boston, MA, United States SolomonEdwards Full time

    About Us SolomonEdwardsGroup, LLC ("SolomonEdwards") is a full-service professional services firm offering financial, operational, and technology consulting and operations support. We work with some of the world's most prominent companies to help them envision and achieve a better future. We know that our consulting services are only as meaningful as the...

  • Home Loan Specialist II

    4 days ago

    Boston, MA, United States SolomonEdwards Full time

    About Us SolomonEdwardsGroup, LLC ("SolomonEdwards") is a full-service professional services firm offering financial, operational, and technology consulting and operations support. We work with some of the world's most prominent companies to help them envision and achieve a better future. We know that our consulting services are only as meaningful as the...

  • Senior Loan Officer

    1 week ago

    Boston, MA, United States NextGen Mortgage Full time

    Description We are seeking an experienced Mortgage Loan Officer with strong marketing, communication, and analytical skills to join our team and assist loan applicants in securing the ideal mortgage for their new home purchase. This position will also assist us with our Zillow and Realtor leads and help establish relationship management with real estate...

  • Senior Loan Officer

    2 days ago

    Boston, MA, United States NextGen Mortgage Full time

    Description We are seeking an experienced Mortgage Loan Officer with strong marketing, communication, and analytical skills to join our team and assist loan applicants in securing the ideal mortgage for their new home purchase. This position will also assist us with our Zillow and Realtor leads and help establish relationship management with real estate...

  • Mortgage Loan Underwriter Senior

    7 days ago

    Boston, MA, United States City National Bank Full time

    MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY? The role of the Underwriter III is to evaluate the credit risk against company standards and to determine the borrower's ability to repay a residential mortgage. The Underwriter III analyzes and interprets the most complex financial and non-financial data decisioning the requests with the goal of...