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Loan Servicing Assistant
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Career Insights for Credit / Loan Counselor
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Based on Washington data
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What they do
A Credit or Loan Counselor advises and educates individuals or organizations on acquiring and managing debt or qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management or credit issue plans. Can provide budget, mortgage or bankruptcy counseling.
$49,039 / year median in Washington
-11% projected decline
Job Description
ESSENTIAL DUTIES & RESPONSIBILITIES
Set up new loans in database systems. Complete the SBA processing for timely monthly reporting and remittance. Process and reconcile monthly purchased loan payments. Monitor UCC filings and balance general ledger. Maintain the core system as it relates to loans and loan boarding interface. Payoffs and mortgage quotes, consumer and commercial/business loans in accordance with Association policy/procedure guidelines, and state and federal regulatory guidelines. Modification requests including submission of construction loan extensions and escrow enhancements, calculating loan terms, preparing documentation, inputting information into the core system, scheduling customer signing appointments, and filing documentation. Monitor exceptions, balloon payments, and maturity reports, and other tracking logs. Annual escrow analysis and semi-annual tax payments. Process mortgage payments and loan payment corrections. Process and complete agreements and updates for SCRA requests. Monitor all loans-in-process accounts and stay up to date on progress of construction loans. Disburse draw checks, monitor percentage of completion, order progress inspections, and process rollovers and extensions monthly. Monitor and input information to keep accurate records of contractors, sub-contractors, and suppliers for 1099 NEC reporting to meet Internal Revenue Service reporting requirements. Build and balance new construction projects within the BUILT system. Receive, verify, and approve BUILT and NWCC invoices. Assist with loan servicing departmental projects and other duties as assigned. RequirementsKNOWLEDGE, SKILLS, AND ABILITY REQUIREMENTS
Excellent public and customer relations skills to effectively communicate with internal and external customers, determine needs, and maintain confidence and goodwill. Thorough understanding of banking regulations and Association policies and procedures with demonstrated ability to interpret and apply policies and regulations quickly and independently. Organizational skills and composure. Flexibility and adaptability to prioritize a fluctuating workload in a customer-driven environment. Utilize analytical techniques and exercise independent judgment to identify strategies to solve problems and complex customer needs. Exercise customer confidentiality and discretionary judgment. Exceptional written and verbal communication skills including the ability to clearly communicate and explain complex banking, lending and legal regulations and documents. Proficiency in basic computer programs with ability to learn new software. Read, write, speak, and understand English well. Perform basic calculations.QUALIFICATIONS
High school diploma, GED, or equivalent skills and training. Customer service experience. Loan origination or servicing of real estate loan experience preferred. Must be bondable.PHYSICAL DEMANDS & WORK ENVIRONMENT/CONDITIONS
Duties are performed in usual office conditions. Ability to operate standard office equipment including personal computer, standard keyboard, 10-key calculator and work a standard shift with repetitive wrist and hand movements. Ability to talk and hear. Ability to stand or sit for extended periods of time. Occasionally lift, move, or carry items up to 15 lbs. Ability to concentrate on the matter at hand, under sometimes distracting work conditions. Requires manual dexterity and handling ability. Use hands and arms to finger, handle, grab and reach. Specific vision abilities including close vision and the ability to adjust focus. Work may involve eyestrain due to constant use of computer screens. Occasional walking, kneeling, stooping, crouching, and bending. Ability to be mobile office-wide for various business needs. Employees are covered by medical, dental, vision, basic life insurance and long-term disability. Voluntary benefit coverage includes life insurance, AD&D, legal, accident, critical illness, hospital indemnity, and FSA. Options for family coverage are available. Employees can enroll in our company's 401k plan. We offer immediately vested 5% 401k match, as well as profit sharing. Employees are eligible for annual incentive bonus. Full-time employees will receive the following paid time off per month: 6.67 hours of vacation leave and 8 hours of sick leave. In addition, the following paid time off per year: 11 paid holidays, a float holiday, a birthday holiday, 24 wellness hours, 16 volunteer hours. Modified for part-time employees. Olympia Federal Savings is an Equal Opportunity Employer and affirmative action employer.EOE AA M/F/Vet/Disability:
EEOC Legal Poster If you require a reasonable accommodation to complete the application process, please contact Human Resources at 360-754-3400.Benefits
- Paid Time Off (PTO)
- Sick Leave
- Floating Holidays
- 401(k) Plans