Loan Servicing Specialist III (Boarding)

About the role

The Bank Operations team at BOKF drives smooth financial transactions and innovative infrastructure modernization. They excel in system integration, secure data handling, and fostering a collaborative workplace. By prioritizing risk mitigation alongside regulatory compliance, operational resilience, and cost-effective management, they fuel the bank’s growth and success.

Responsibilities

• Analyzes loan agreements, loan worksheets, and commitment reports to complete appropriate system boarding.
• Maintain the smooth operation and integrity of our loan servicing processes, ensuring that the loan functions as required on the loan system.
• Oversee and share responsibility for both consumer and commercial loan portfolios, providing backup as needed.
• Enter and maintain loan data, evaluate documents, and service complex commercial loans.
• Manage daily transactions, ensuring accurate distribution or collection of funds and providing detailed documentation.
• Work with Credit Administration to reflect credit deterioration accurately and ensure compliance with GAAP and internal policies.
• Cook up daily workflow, train staff, and maintain extensive contact with business partners to resolve complex issues.

Requirements

• This level of knowledge is normally acquired through completion of a Associates Degree in Business or related field of study and/or 5-6 years of experience in loan production or equivalent combination of education and experience.
• Advanced knowledge of loan operations and bank related operations, including loan policy.
• Advanced knowledge of loan systems processing.
• Thorough knowledge of federal and state lending guidelines and regulations.
• Advanced understanding of GAAP, Sarbanes-Oxley, TILA, RESPA, SCRA, FCRA, UDAAP, BSA and other state and federal regulations and policies effecting loan operations.
• Advanced understanding of Bank policies and procedures.
• Advanced knowledge and understanding of complex loan documentation with the ability to interpret documentation language, structure, specifications, and requirements.
• Advanced understanding of complex mathematical calculations and accounting principles as applied to loan processing.
• Excellent interpersonal, oral, and written communication skills.
• Excellent PC skills including Outlook, Word, Excel, and Teams used in daily work processes, 10 key by touch.
• Ability to type 30-40 wpm.
• Ability to adjust priorities to changing circumstances in fast paced, heavy volume atmosphere.
• Ability to provide training in a constructive and effective manner with various levels of personnel.
• Demonstrated independent research and analysis skills.
• Excellent organizational skills; detail and task oriented.

Qualifications

• Completion of an Associates Degree in Business or related field of study.
• 5-6 years of experience in loan production or equivalent combination of education and experience.

Skills

• Advanced knowledge of loan operations and bank related operations, including loan policy.
• Advanced knowledge of loan systems processing.
• Thorough knowledge of federal and state lending guidelines and regulations.
• Advanced understanding of GAAP, Sarbanes-Oxley, TILA, RESPA, SCRA, FCRA, UDAAP, BSA and other state and federal regulations and policies effecting loan operations.
• Advanced understanding of Bank policies and procedures.
• Advanced knowledge and understanding of complex loan documentation with the ability to interpret documentation language, structure, specifications, and requirements.
• Advanced understanding of complex mathematical calculations and accounting principles as applied to loan processing.
• Excellent interpersonal, oral, and written communication skills.
• Excellent PC skills including Outlook, Word, Excel, and Teams used in daily work processes, 10 key by touch.
• Ability to type 30-40 wpm.
• Ability to adjust priorities to changing circumstances in fast paced, heavy volume atmosphere.
• Ability to provide training in a constructive and effective manner with various levels of personnel.
• Demonstrated independent research and analysis skills.
• Excellent organizational skills; detail and task oriented.

Benefits

BOK Financial Corporation Group is a stable and financially strong organization that provides excellent training and development to support building the long term careers of employees. With passion, skill and partnership you can make an impact on the success of the bank, customers and your own career!

Pay

$58,000 - $68,000 annually

Schedule

Full-time