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Job Offer: Commercial Loan Servicing Administrator:Job description:
Excellent Opportunity!Commercial Loan Servicing AdministratorTitle: Loan Servicing AdministratorDepartment: Loan Servicing Reports to: Loan Operations manager Date: March 2023 income Range: $42,000 - $59,000 Note: The income range offered for this job offer is a good faith description of the expected income range this function will pay. Orange Bank and Trust Company reserves the right to pay more or less than the stated range located on a variety of factors such as practice, geography, etc. General Summary: The Loan Servicing Administrator is responsible all aspects of the loan operations including routine operational tasks relating to commercial loans in compliance with the Bank’s policies, procedures and related state and federal laws and regulations. this job offer will facilitate the boarding of commercial loans; process payments and advances and other post-closing tasks and other servicing requests. Essential tasks and Job Responsibilities: » Review and sign off of everyday system reports to monitor for potential issue resolution, clearing of non?posts, review of new loans, file maintenance, payments made the prior day. » Perform timely and accurate processing of all routine servicing functions including UCC processing, collateral maintenance, flood record maintenances, forced place insurance processing, and participation processing. » Input and updates all loan credits to the Bank’s core system with a high level of data quality and consistency. » Provide exceptional service levels to all external and internal servicing requests including payment processing, payment adjustments, billing, pay-downs, advances, construction draws and hold back releases. » Facilitate the loan payoff process providing payoff statements, mortgage satisfactions and cancellation of assignment of leases and rents and releasing of other liens (UCC?3, MV?901) interfacing with attorneys and title companies and notification to borrower of lien/collateral release and termination of tax monitoring service. » Monitoring and tracking of Insurance, post-closing follow up and exception items utilizing tracking reports. Documenting efforts and correspondence made with loan agents, insurance companies and borrowers to minimize risk and losses incurred. » Compile rate changes and submit Specification Maintenance Form, Rate Index Worksheet and obtain appropriate approvals. » Timely clearing and monitoring of General Ledger entries for monthly General Ledger Reconciliations. » Demonstrate compliance with banking laws and regulations as defined by the Bank’s policies and procedures. Exhibit commitment to training and keeping current with changes in the regulatory environment. » Assume other tasks including cross-training, assistance in compiling information for loan audit preparation and projects as assigned. OTHER RESPONSIBILITIES » Other responsibilities as assigned by management. EDUCATION, CERTIFICATION, practice: suitable education Required: High school diploma or equivalent Preferred: practice : Required: Minimum of two years in Banking Industry / Administrative practice Preferred: One to three years practice with loan servicing expertise, expertise, ABILITIES: » expertise of banking industry regulations as well as internal processes and controls, procedures and workflow specifically in loan operations and commercial closings. » capability to operate effectively in a team environment as well as be able to work independently. » capability to meet deadlines and work in a fast paced environment and demonstrate a proven track record of multi-tasking with a strong sense of urgency. » Must be detail oriented and organized with excellent follow up, written and verbal expertise. » Demonstrate capability to apply required regulatory and policy requirements when making decisions WORK ENVIRONMENT: » Working Conditions: Office environment » Equipment Operations : PHYSICAL DEMANDS: » Must be able to lift a minimum of 15lbs Special Note: External and internal candidates, as well as position incumbents, must be able to execute the essential job functions as set forth above. Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, discapability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances. Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to execute the essential functions of the job. This job description in no way states or implies that these are the only tasks to be performed by an employee. Additional functions and requirements may be assigned by managers as deemed appropriate, located on the employee’s expertise, skill and capability as well as his/her mental and physical abilities.physical abilities. Skills:
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