What are the responsibilities and job description for the Residential Real Estate & Commercial Loan Servicer position at SCU Credit Union?
Description
SCU Credit Union has a mission to positively impact the financial well-being of our members by providing access to a wide range of products and services; to support the diverse communities we serve through education and collaboration; and to foster a rewarding environment for our employees!
We put our members at the heart of everything we do and strive to exceed their expectations by providing: empathy, giving back, integrity, stability, and an inclusive culture. If you align with these values too, we would love for you to join our team!
SUMMARY:
Performs all loan servicing functions associated with residential mortgage loan products. Reviews documentation after each first or second mortgage loan closing to ensure the accuracy and consistency of all transactions. Verifies that all conditions are satisfied. Works with attorneys, branch personnel and outside vendors in obtaining missing or incomplete documentation. Organization and set-up of loan files, both electronic and paper. Works with attorneys and other lending institutions in the preparation of loan payoffs. Processes payoffs and cancellations of mortgage loan Notes. Maintains all aspects of obtaining and releasing of mortgages, including Discharges, Letters to borrowers, cancellation of Life of Loan Flood, and various tracking. Reconciles and maintains various General Ledger accounts. Assists in all Loan Servicing department functions as directed by Supervisor.
Performs all loan servicing functions associated with commercial loan products. Assist the commercial loan department by providing ongoing loan servicing on a day-to-day basis of the commercial loan portfolio with emphasis on loan/file maintenance and compliance. Direct interaction with existing loan portfolio clients, inter-departmental product / workflow, as well as third party vendor discussion and assigned project management activities.
Disclaimer: The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities, and activities may change, or new ones may be assigned at any time with or without notice.
Requirements
QUALIFICATIONS:
- Thorough understanding of business documentation and the commercial lending process.
- Ability to interact as liaison between vendors, regulators, attorneys, other departments, and borrowers.
- Excellent written and verbal communication skills.
- Proficient with Microsoft Office. Must be technically savvy and able to manage computer systems, scanners, copiers, and related software in a financial environment.
- Must have exceptional organizational skills, can prioritize and be detail oriented.
- Ability to organize projects, set priorities, meet project schedules, and work independently is essential.
- Ability to work independently and in a team environment.
EDUCATION:
- High school diploma or equivalent. Bachelor’s Degree in finance/business preferred.
- Two to Five years’ experience with commercial documentation, loan servicing and file maintenance.
- Experience in a credit union, banking or financial business environment preferred.
SCU Credit Union offers an excellent benefits package including: medical, dental, vision, FSA, company paid life insurance, matching 401(k) plan, holiday bonus, and more!
Equal Opportunity Employer/Veterans/Disabled