Search Jobs | About Us | Home  

Loan Admin. Specialist 2 (13-057)

Benefits:Offering a competitive benefits package to our team members is a top priority. Our team members are offered medical, dental, vision, flexible spending accounts and voluntary life benefits. We ensure long term success by offering a 401k plan with company match as well as company-paid short and long term disability, life insurance, paid time off, and wellness programs.
Employment Type:Full Time
Branch-Department:Bloomington, MN
Description:Responsible for all aspects of Loan Servicing. This includes accurate production of all documents necessary to meet Credit Policy, Regulatory and Compliance, legal and procedural requirements for business, agriculture, and consumer new loans, modifications, refinances, extensions, renewals, and changes in terms as well as subordinations and other documents requested to complete loan transactions for customers, while properly perfecting the collateral. Responsible for boarding of loans and processing of miscellaneous requests in a timely manner. Requires adherence to internal service standards.
Duties:1. Loan Documentation
• Accurately prepare AG, Commercial and Retail loan documents as well as early disclosures as requested, with independent judgment and minimal supervision needed
• Responsible for ensuring that all documents are in compliance with the applicable regulations, MidCountry Bank policies and procedures or special requirements as dictated by the loan approval authority

2. Booking and Funding
• Accurately build customer information records on FISERV system
• Accurately board loans within the established service level
• Properly fund loans within the established time frame
• Perfect all collateral based on department policy and procedure, including followup on receipt of recorded documents
• Establish ACH payments from internal as well as external accounts
• Process wire requests
• Image loan documents to Bank standards

3. Loan Administration
• Monitor denied commercial and agriculture loans for adherence to compliance requirements
• Complete verification review on all loans identified as being HMDA reportable
• Perform file maintenance in an accurate and timely manner to maintain integrity of loan data on FISERV
• Monitor periodic Loan Administration reports, identify and resolve problems as appropriate
• Resolve daily Freddie edits and remit payoffs as required

4. Customer Service
• Provide customer service to internal and external customers in a professional, timely and courteous manner
• Process service and research requests as assigned

5. Forced Place Insurance
• Properly notify customers of forced placed homeowner’s insurance and maintain records of those notifications
• Obtain force placed coverage on non real estate secured loans as needed
• Adhere to all regulatory and compliance guidelines of force placed insurance

6. System Maintenance
• Process payoff quotes and payoff transactions.
• Resolve all daily non-post transactions
• Process participation payments and related wire transfers
• Perform escrow analysis including tax, PMI and insurance payments
• Accurately process impaired loan and other change requests, including, fees, charge offs, write downs, OREO/foreclosures and bankruptcy system updates
• Accurately process any system information changes such as codes changes

7. Flood Insurance
• Oversee the tracking of flood insurance
• Obtain forced placed coverage as necessary and notify customer in appropriate timeframe

8. Additional Duties
• Research and respond to any Credit Bureau disputes either direct or through E-Oscar.
• Verify Real Estate Taxes paid and process any past due RE notifications
• Any other duties as assigned
Qualifications:Minimum Qualifications:
1). High School degree or Equivalent
2). 1-3 years experience

MS Office proficient, strong oral and written communication skills, customer focused, organizational skills, team player, analytical ability, demonstrated proficiency in loan servicing experience or demonstrated proficiency in loan documentation experience, responsible and accountable. Laser Pro Experience or Fiserv experience.

This job is no longer active. Please click here to see current job listings.

Sign Up for Job Alerts

Managed by Job Match LLC, All Rights Reserved - iApplicants™ Applicant Tracking System © Copyright 2005-2015 | admin