Loan Servicing Supervisor
City of Boston Credit Union · Boston, MA · Yesterday
On-siteFinanceFull-time
Responsibilities
- Perform various tasks in the Credit Union’s core operating system, including the onboarding of new loans, handling loan payoffs, and processing ongoing loan maintenance transactions.
- Manage and maintain a deep understanding of the Credit Union's loan products, services, and stay current with industry trends, regulations, and best practices in loan servicing.
- Track, maintain, and timely process homeowner’s, flood, and private mortgage insurance escrowed and non-escrowed residential mortgage and home equity loans.
- Complete, examine, and interpret escrow analyses, and effectively communicate results to members.
- Maintain and monitor the receipt, recording, and release of vehicle titles and other lien filings, interacting with members, dealers, and insurance companies as necessary.
- Prepare various reports on loan portfolio data, researching and resolving routine and complex member inquiries on loan accounts and other general account information.
- Conduct loan audit reviews on newly on-boarded loans and gather loan files as requested by internal and external auditors.
- Assist in drafting, implementing, and enhancing departmental procedures, and assist in servicing loan participation accounts.
- Perform other duties as assigned to contribute to departmental efficiency and work cooperatively with other departments.
Requirements
- Five years of similar or related experience in managing servicing employees.
- Knowledgeable of laws and regulations applicable to lending and loan services.
- Desired four-year college degree or relevant experience in lending.
- Strong managerial skills and excellent communication abilities, both verbal and written.
- Ability to organize and delegate work, motivate others, and promote a team environment.
- Self-motivated, able to prioritize workflow, handle multiple assignments concurrently, work a flexible schedule, and perform under time constraints.
- Working knowledge of PC and general office equipment, with experience using Microsoft Outlook, Word, and Excel.
- Attention to detail and accuracy essential.
Qualifications
A four-year college degree is desired but may be substituted with relative experience in lending.
Skills
Knowledge of laws and regulations applicable to lending and loan services.
Benefits
N/A
Pay
N/A
Schedule
N/A
Direct Reports
N/A