Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. The vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA)). Because GSEs and private loan investors typically do not service the mortgage loans that they purchase, the bank who sells the mortgage will generally re ...
tain the right to service the mortgage pursuant to a master servicing agreement. The payments collected by the mortgage servicer are remitted to various parties; distributions typically include paying taxes and insurance from escrowed funds, remitting principal and interest payments to investors holding mortgage-backed securities (or other types of instruments backed by pools of mortgage loans), and remitting fees to mortgage guarantors, trustees, and other third parties providing services. The level of service varies depending on the type of loan and the terms negotiated between the servicer and the investor seeking their services, and may also include activities such as monitoring delinquencies, workouts/ restructurings and executing foreclosures.
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We are a professional staffing firm, working with organizations across the country to place exceptional candidates. Currently, We have an opportunity for a Loan Servicing Specialist with one of the nation's fastest-growing banks. This institution offers an entrepreneurial and collaborative environment where your talents can drive meaningful impact and innovation in banking. With competitive salaries, excellent benefits, and a non-traditional appr...
Loan Servicing Manager Job Category : Bank Ops - Loan ServicingRequisition Number : LOANS001923Job DetailsDescriptionTeam Management. Manage daily work assignments and schedules to ensure appropriate coverage. Oversee and monitor volume and ensure tasks are completed within time frames. Oversee dail.
LOAN SERVICING SPECIALIST. Charter Oak Federal Credit Union is looking to hire an experienced Loan Servicer. Responsibilities include but are not limited to. Responsible for the servicing function of all loans. Assist members with inquiries, servicing requests, or problems. Assist with preparation of loan files involved in the sale of loans on the secondary market. Assist with the preparation of loan documents for member business loans. Handle cr...
Opportunity Bank of Montana offers careers in banking with a comprehensive training program, work life balance and meaningful commitment to your community. Are you looking for more than just a job. Are you ready to make a positive impact on your professional life and in your community. If so, we want to talk to you. Opportunity Bank of Montana is adding to our outstanding team with a. Loan Servicing Specialist. As our Loan Servicing Specialist, y...
ROLE. The Loan Servicing Specialist role is to ensure accurate and timely completion of post-close servicing of all loan files. This will include but not limited to: e-Oscar reporting, updating, and dispute resolution. post-close loan file error corrections and maintenance. skip/extension campaign servicing and reporting. loan maintenance on deceased accounts. ESSENTIAL FUNCTIONS AND RESPONSIBILITIES. Loan Servicing. Assist branches and departmen...
