What are the responsibilities and job description for the Loan Operations Specialist position at CFG BANK?
SUMMARY:
Loan Operations Specialist is responsible for assisting Portfolio Management with various duties and tasks in order to better serve our external clients.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Booking new loans onto the commercial servicing system
- Correspondence with participating banks
- Monitoring escrow accounts (taxes, insurance, replacement reserves and repairs)
- Procure any necessary information for taxes and insurance
- Review and approve Replacement Reserve, Repair and other miscellaneous client requests
- Vouchering, posting and distributing Replacement Reserve and Repair money to clients
- Generating, printing and distributing monthly mortgage invoices
- Monthly processing of mortgage payments; receiving, posting to system and depositing with financial institution
- Performing clerical work such as creating loan files and filing any necessary correspondence, loan statements, bank reconciliations and payment back-up
- Reconciling monthly bank statements in a timely manner & posting interest earned
- Procuring and monitoring state health surveys
- Miscellaneous duties as requested from both internal and external clients
Loan Operations Administrator
Harbor Bank of MD -
Baltimore, MD
Loan Operations Manager
Queenstown Bank of Maryland. -
Queenstown, MD