Loan Operations Administrator III

Starting Salary

$75,000 (Negotiable upon experience)

Basic Qualifications

Education/Training: Bachelor’s degree in business, Finance, or a related field preferred; specialized training in residential mortgage and/or consumer loan servicing preferred.

Skill(s): Knowledge with FIS Horizon required. Intermediate to advanced knowledge of commercial, residential and consumer loan servicing operations. Proficient English reading, writing, grammar, mathematics, interpersonal, and communication skills; advanced organizational and project management skills; ability to manage multiple concurrent workstreams with limited oversight and meet strict deadlines; strong attention to detail; proficient PC skills, including Microsoft Office.

Experience: A minimum of five (5) years loan operations and servicing experience required, including direct exposure to loan boarding, payment processing, payoffs, reconciliation, and investor reporting. Knowledge in escrow administration is beneficial but can be taught.

General Responsibilities

Responsible for a wide range of duties spanning including loan boarding, escrow administration, payment processing, participation reporting, payoffs, loan maintenance, and if applicable general ledger reconciliation. Your role will ensure operational excellence, data accuracy, and exceptional customer experience.

Essential Duties

• Processes loan payments accurately and in accordance with established procedures.
• Prepares payoff statements, validates supporting calculations and fees, and processes loan payoffs and partial-release proceeds.
• Books new loans and verifies that system data agrees with approved loan documentation.
• Processes approved changes in terms and other loan maintenance accurately and timely.
• Indexes and maintains loan documentation in Director and applicable client folders in accordance with record-retention and imaging standards.
• Reviews Director reports daily, researches exceptions, and resolves discrepancies within established timeframes and procedures.
• Researches and responds to customer and internal inquiries accurately, professionally, and within established service standards.
• Prepares, reviews, reconciles, and submits monthly SBA 1502 and PPP reports, as applicable.
• Reviews