Loan Servicing Specialist Jobs

Job Title: Loan Servicing Specialist

Department: Loan Servicing and Assistance

Summary: Individuals in the job are responsible for assisting Tropical Financial Credit Union to achieve its purpose of guiding members successfully through the financial marketplace. The position is responsible for processing all related servicing functions for consumer, auto lease, and home equity loans.

Essential Duties and Responsibilities include the following. In addition, other duties may be assigned.

• Write routine reports and correspondence for internal and external members.
• Work on internal exception reports relating to all areas of loan servicing.
• Provide service that meets the Service Standards defined by Tropical Financial Credit Union and achieves annual goals established through the Performance Management Process.
• Research and resolve member problems on credit cards, consumer leases, and home equity loans within the required timeframe.
• Assist with any other loan servicing-related loans and tasks.
• Process daily loan servicing work duties that include Mortgage Satisfactions, credit disputes, Guarantee Asset Protection (GAP), disability claim filing, due date extensions, payoff quotes, lien placements, lien release, lease functions, and general loan maintenance.
• Work with the auto-lease program administrators and handle all types of functions related to auto leases.
• Complete post-closing loan functions for home equity and first mortgage loans, and consumer loans.
• Adhere to established department and organization policies, procedures, objectives, and qualifying standards to ensure the Loan Servicing Department's consistent operations.
• Support member contact staff with all types of loan inquiries and file maintenance of loan data.
• Research and communicate with members verbally and in writing, responding to inquiries via mail, email, and telephone.
• Assist with record retention of loan documents, including scanning.
• Proposes enhancements to work methods or procedures to improve process efficiency and the quality of results.
• Read and interpret documents such as procedure manuals.

• Responsible for processing vehicle titles using the respective states/agencies' guidelines.
• Processes lien releases for paid in full consumer secured collateralized loan titles.
• Understands each state’s requirements, the documentation required, and the various electronic titling-state processes. Provides expert assistance on titling to our lenders and members.
• Process daily loan servicing work duties that include boarding new first mortgage loans scanning loan files, retrieving loan files that are paid off, and sending to outside storage. Scan daily work for lending units.
• Prepare payoff demand statements and other requests to provide payoff information in written form.
• Pickup, record and distribute mail.
• Process all paid loans and ensure distribution of paid Commercial, Real Estate, and Consumer loans according to established procedures.
• Maintain, manage and track all pending/outstanding loan documents and exceptions.
• Work on reports provided by the Loan Servicing Manager.
• Tracks the title report until the lien has been perfected on the title.
• Keep all loan files in the vault custody area in order and on a timely basis. Track the files that are retrieved from the vault room.

Compliance:

• Maintains comprehensive knowledge of the Bank Secrecy Act, Customer Identification Program, USA Patriot Act, OFAC, Fair Lending, and Credit Card Act.
• Comply with all TFCU policies and procedures to ensure compliance with such regulations.
• In addition to any other assigned training courses, online BSA and OFAC courses must be completed at least annually, as made available by the Training and Compliance Departments.
• BSA Compliance - every employee is required to uphold the credit union's compliance with the Bank Secrecy Act and anti-money laundering policies and procedures. Specific functions within TFCU will consider the awareness of unusual or suspicious activity relevant to the department.
• Performs other duties as required with or without accommodation.

We offer Excellent Benefits such as:

• Pet Discount Program
• Paid Time Off/ 11 Paid Holidays
• Tuition Reimbursement/Student Loan Paydown Program
• Voluntary Life Insurance
• Accident, Cancer and Hospital Indemnity Plan
• Prepaid Legal
• Medical, Rx, Dental, and Vision Insurance
• Retirement Profit Sharing 401K Plan
• And so much more!