Loan Servicing Specialist

Service Credit Union•Portsmouth, NH

2d•$21•Hybrid

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Service Credit Union is seeking a Loan Servicing Specialist who will play a strategic role in ensuring efficient, compliant, and member-centric delivery of key operational functions as they relate to all loans held by SFCU. This role is also responsible for ensuring alignment of departmental performance with organization goals, and fosters a culture of excellence, control, and continuous improvement. Will recognize superior member service and the protection of the credit union’s assets as the primary responsibilities. Pay: $21.19, flexible based on experience. Benefits Include: Great health and dental benefits starting day one! PTO, long-term disability, and paid holidays. 401k with 8% company contribution after one year of employment. Paid leave policy after 12 consecutive months of employment. Free confidential mental health support program with Talkspace Free identify theft protection through IdentityForce Tuition reimbursement. Training and career growth opportunities. A Day in the Life: Member Service Ensure member inquiries are responded to and resolved immediately whenever possible Provide support, as needed, for escalated member needs Support and educate staff to provide superior member service Loan Servicing Contribute to department SLA/KPIs as they relate to SFCU’s overall strategic plan Contribute to ensuring all loan servicing responsibilities are consistently accomplished with maximum proficiency and efficiency Accurate and executed documentation and retention of all necessary documentation to protect SFCU’s ability to collect payment Ability to analyze documentation for understanding of all loan products offered by SFCU Ability to assist members in utilizing SFCU’s products and services including online banking platform, external payments, and wires. Complete residential loan fundings through transfer from the applicable LOS to correspondent lender to core of any necessary data entry and completion of accurate transactions through the core Maintain accurate post-closing document tracking Complete member outreach Proactively aid all new members to assist with on boarding Work with management to develop and implement additional member outreach programs designed to educate borrowers/members on SFCU products and services Work with other departments on developing reporting for campaigns Assist with collection of REL delinquencies from 45 days delinquent to resolution or recommendation to management for additional collection efforts. Complete loss mitigation process from mailing through updating core Contribute to the department phone/Salesforce/email queues for all loan servicing related items Complete lien release process Process system maintenance loans Monitor reports related to servicing related items Generate letters related to loan servicing as needed Training and Documentation: Consistently review procedures and business practices to keep current with technological advances Recommend and draft new and revised policies/procedures for loan servicing responsibilities as needed Reporting Contribute to monthly, quarterly, and year-end reporting. Compliance Ensure all loan servicing responsibilities are consistently accomplished in accordance with SFCU, CFPB and NCUA policies, and in compliance with state and federal regulations. NCUA, State of NH, Internal, Investor, and MI Audits Assist in preparation of requested documentation for audit Maintain reporting throughout the year that will be used for audit review Implement suggested modification of process as mandated by audit review Systems and Projects Full comprehension of the core system Maintain confidentiality regarding credit union policies and procedures, member financial data, personal information, and work-related events. Provide quality support and maintain a professional relationship with peers, management, other staff, and members through cooperation, mutual trust, and respect. Understand the Service Federal Credit Union mission, vision, and corporate goals as they relate to the position, department, and credit union. Perform other duties as assigned.

Requirements

High School diploma or equivalent required.
Minimum 1 years' experience in a related field desired.
Financial industry experience and customer service experience desired.
Superior member service skills and professionalism
Experience with banking systems and technologies and their relationship to business functions, practices, and processes preferred.
Strong interpersonal skills and ability to solicit participation and input from others, including the ability to establish strong rapport and credibility with business teams.
Strong problem solving and analytical skills.
Ability to work independently and in a team environment.
Ability to communicate clearly and effectively verbally and in writing.
Proficient with Excel, Microsoft Outlook, Word, Power point, and various web-based applications
Willingness to work extended hours, including weekends, as responsibilities require.
Flexibility in a hybrid work environment
Ability to prioritize and organize work duties
Valid driver's license with clean driving record
Ability to travel to other work locations as required, if needed

Responsibilities

Ensure member inquiries are responded to and resolved immediately whenever possible
Provide support, as needed, for escalated member needs
Support and educate staff to provide superior member service
Contribute to department SLA/KPIs as they relate to SFCU’s overall strategic plan
Contribute to ensuring all loan servicing responsibilities are consistently accomplished with maximum proficiency and efficiency
Accurate and executed documentation and retention of all necessary documentation to protect SFCU’s ability to collect payment
Ability to analyze documentation for understanding of all loan products offered by SFCU
Ability to assist members in utilizing SFCU’s products and services including online banking platform, external payments, and wires.
Complete residential loan fundings through transfer from the applicable LOS to correspondent lender to core of any necessary data entry and completion of accurate transactions through the core
Maintain accurate post-closing document tracking
Complete member outreach
Proactively aid all new members to assist with on boarding
Work with management to develop and implement additional member outreach programs designed to educate borrowers/members on SFCU products and services
Work with other departments on developing reporting for campaigns
Assist with collection of REL delinquencies from 45 days delinquent to resolution or recommendation to management for additional collection efforts.
Complete loss mitigation process from mailing through updating core
Contribute to the department phone/Salesforce/email queues for all loan servicing related items
Complete lien release process
Process system maintenance loans
Monitor reports related to servicing related items
Generate letters related to loan servicing as needed
Consistently review procedures and business practices to keep current with technological advances
Recommend and draft new and revised policies/procedures for loan servicing responsibilities as needed
Contribute to monthly, quarterly, and year-end reporting.
Ensure all loan servicing responsibilities are consistently accomplished in accordance with SFCU, CFPB and NCUA policies, and in compliance with state and federal regulations.
Assist in preparation of requested documentation for audit
Maintain reporting throughout the year that will be used for audit review
Implement suggested modification of process as mandated by audit review
Full comprehension of the core system
Maintain confidentiality regarding credit union policies and procedures, member financial data, personal information, and work-related events.
Provide quality support and maintain a professional relationship with peers, management, other staff, and members through cooperation, mutual trust, and respect.
Understand the Service Federal Credit Union mission, vision, and corporate goals as they relate to the position, department, and credit union.
Perform other duties as assigned.