What are the responsibilities and job description for the Loan Servicing Specialist II position at BCT (Bank of Charles Town)?
BCT - Bank of Charles Town is looking for a full time Loan Servicing Specialist II to join our amazing team. Position includes performing tasks to book and service Commercial loans, participations, renewals, and modifications, that contain a variety of complex loan structures. Performs Mortgage Escrow analysis and other various Consumer servicing tasks.
- Books commercial loans including new loans,, loan renewals, modifications, participations, and SBA loans with a variety of complex structures, collateral, rates and terms onto core processing system, ensuring quality, completeness and accuracy corresponding to the Loan Documentation and Loan Approval.
- Performs system file maintenance necessary for other Commerical or consumer loan changes as requested or required
- Serves as Commercial Promissory Note custodian
- Work with other financial institutions to ensure accuracy of participation loan transactions and balances
- Verifies incoming loan packages are complete with all required booking information, including proper approval when necessary
- Utilize knowledge and experience with loan computer system and loan policy to perform Quality Control review for booking and file maintenance of consumer loans
- Take steps necessary to perfect various types of loan collateral
- Assist with project and procedure updates
- Work with Commercial doc specialists and loan officers to resolve booking and maintenance issues
- Ensure Commercial collateral files are updated appropriately
- Handles account reconcilement for various accounts
- Process Commercial loan payoffs and corresponding collateral releases
- Prepare monthly reports for certain insurance vendors
- Perform escrow analysis
BCT offers an attractive benefits package to include: health, vision, dental insurance; life insurance; PTO (paid time off); Paid holidays; 401K Plan; Long term and short term disability; mentor program; tuition reimbursement; employee stock purchase plan
BCT is the recipient of American Bankers 2019, 2020, 2021 and 2023 Best Bank to Work For Award
BCT is an equal opportunity/affirmative action employer.
BCT supports a workforce of diversity, equity, inclusion, and accessibility
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Employee discount
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
- Referral program
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Education:
- High school or equivalent (Preferred)
Experience:
- Loan servicing: 2 years (Required)
Work Location: In person
