Senior Loan Operations Specialist Job Springfield area,Missouri USA,Finance & Banking

Job Details

Job Location:

Worth Branch - Worth, IL 60482

Salary Range: $55,000.00 – $80,000.00

The Senior Loan Operations Specialist will be responsible for all daily loan servicing across Commercial, Mortgage, & Consumer portfolios. This role involves loan servicing; assisting with commercial loan document preparation and closings; booking; lien perfection; payments and advances; participation loan servicing; reconciliations; payoff requests; general loan maintenance and input; and providing exceptional customer service to internal & external customers. The ideal candidate will have hand-on experience in loan servicing and a solid understanding of operational processes.

Key Responsibilities

Assure compliance with all Bank policies and procedures as well as state and federal banking regulations, as applicable
Follow all BSA/AML/OFAC guidelines and complete annual training as assigned
Book and fund new loans; renewals and modifications
Process loan payments, advances, escrow tax/and or insurance disbursements, payoffs, and other general loan input/maintenance into core system
Coordinate and process all construction loan advance requests
Process incoming mail accordingly to ensure all essential documents are uploaded and saved appropriately
Process loan payoff requests, communicating with the other financial institutions, borrowers, and/or title companies
Accurately monitor perfection of liens, working closely with lenders and their support staff to resolve any pending items in a timely manner
Process paid loans into the monthly closed loan report and release collateral according to procedures
Monitor properties located in flood zones to ensure compliance
Provide internal and external support both by phone and email
Understand credit approval and determine appropriate due diligence necessary to assist with documenting a commercial loan including but not limited to credit reports; good standing certificates; appraisals, EPA reports, insurance, title commitments, flood determinations, UCC searches, etc.
Conduct post-closing reviews and track ongoing exceptions
Ensure internal controls are maintained and loan files and records are complete & accurate through quality control checks
Scan loan documents into the imaging system as needed and review for accuracy
Review daily and monthly loan reports
Perform other duties as assigned

Qualifications

Experience

10+ years of experience in loan operations and/or loan servicing for commercial and consumer portfolios

Skills

Proficient in Microsoft Excel, Word, Outlook & Teams
In-depth knowledge of loan servicing related compliance regulations
A self-starter with initiative and desire to learn
Meticulous with high organizational skills
Strong time management skills with proven ability to manage self & workload
Works under limited supervision and exercises good judgement within guidelines
Proven ability to work collaboratively to reach mutual goals
Excellent verbal & written communication with ability to communicate clearly, effectively, and professionally
Ability to learn and follow policies and procedures
Treats people with respect; works ethically and with integrity; accepts responsibility for own actions

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