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Municipal Credit Union
New York, NY | Full Time
$54k-69k (estimate)
1 Week Ago
Municipal Credit Union
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Amalgamated Bank of NY
New York, NY | Full Time
$44k-56k (estimate)
2 Weeks Ago
Carver Federal Savings Bank
New York, NY | Full Time
$57k-77k (estimate)
7 Days Ago
Cerberus US Servicing, LLC
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$76k-94k (estimate)
6 Months Ago
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Mission Staffing
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Wells Fargo
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MUFG Bank, Ltd.
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Loan Servicing Specialist
$44k-56k (estimate)
Full Time 2 Weeks Ago
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Amalgamated Bank of NY is Hiring a Loan Servicing Specialist Near New York, NY

Amalgamated Bank seeks a highly motivated professional to manage the end-to-end loan servicing process of Commercial, Industrial, Commercial Real Estate and Small Business loans, while ensuring compliance with Bank’s policies and procedures and Loan Servicing requirements. Verify accuracy of monetary transactions, and perform loan-related maintenance, including but not limited to, checking data integrity of MIS reporting.

By joining our team, you’ll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers


Essential job functions:

  • Obtain approval and disburse funds as requested and as per documentation.
  • Maintain detailed records of actions by assisting in handling all loan payoffs
  • Perform all monetary postings and General Ledger reconciliation
  • Review and interpret loan information required to effectively disburse loans
  • Book loans on system in accordance with documents and Booking Approval Executed Form
  • Assist with quality control of system input and work with loan officers to resolve discrepancies as required
  • Review, monitor, and track receipt of documents and collateral
  • Conduct proactive administrative duties on the Lead Loan and interact directly with attorneys, agents and sponsors
  • Build successful partnerships with attorneys, internal and external clients, servicers, and Bank Management at all levels
  • Ability to solve complex analytical issues and clearly communicate resolution of the issues sharing best practices within the team
  • Support lending and operations related projects and initiatives as assigned
  • Review and approve daily proof and wires as required
  • Monitor, track and correct any data deficiencies relative to FHLB collateralized loans.
  • Perform QC on newly booked loans as needed
  • Provide Backup support to unit Manager, and perform various administrative duties as directed by Manager.


Knowledge, Skills and Experience Required:

  • BA degree or equivalent experience.
  • Five (5) to ten (10) years of Commercial Lending experience is required.
  • Knowledge of accounting is required.
  • Proficiency using Microsoft Excel, Word, PowerPoint, and Access Database.
  • Ability to work with all levels of staff and management as well as outside vendors.
  • Excellent written and verbal communication skills.
  • Thorough knowledge of pertinent Policies and Procedures.

Our job titles may span more than one career level. The starting base salary for this role is between $70,000 – $80,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Job Summary

JOB TYPE

Full Time

SALARY

$44k-56k (estimate)

POST DATE

08/29/2024

EXPIRATION DATE

10/28/2024

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Amalgamated Bank of NY
Full Time
$75k-93k (estimate)
7 Days Ago
Amalgamated Bank of NY
Full Time
$91k-118k (estimate)
2 Weeks Ago
Amalgamated Bank of NY
Full Time
$130k-172k (estimate)
3 Weeks Ago

The job skills required for Loan Servicing Specialist include Loan Servicing, Accounting, General Ledger, Verbal Communication, Initiative, Quality Control, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Servicing Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Servicing Specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Loan Servicing Specialist positions, which can be used as a reference in future career path planning. As a Loan Servicing Specialist, it can be promoted into senior positions as a Loan Servicing Clerk III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Servicing Specialist. You can explore the career advancement for a Loan Servicing Specialist below and select your interested title to get hiring information.

Carver Federal Savings Bank
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Cerberus US Servicing, LLC
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If you are interested in becoming a Loan Servicing Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Servicing Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Loan Servicing Specialist job description and responsibilities

Loan servicing specialist ensures all loan servicing disclosures are completely error free.

03/20/2022: Paramus, NJ

Loan servicing specialist executes quality control measures with respect to loan servicing.

03/12/2022: Raleigh, NC

Reviews completed audit disbursement, loan reconciliation and reports.

02/15/2022: Charleston, SC

Loan servicing specialists are responsible for the processing and approval of new loan applications, and for managing existing loan accounts.

04/15/2022: Biloxi, MS

Loan servicing specialists are responsible for the day-to-day management of mortgage, and other types of loans.

03/06/2022: Bridgeport, CT

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Loan Servicing Specialist jobs

Acquire a high school diploma, trainings, and certifications to be a loan servicing specialist.

04/16/2022: Miami, FL

Loan servicing specialists can earn certifications to gain more theoretical knowledge of their responsibilities and further their career advancement opportunities.

02/25/2022: Fort Smith, AR

Gain knowledgeable about prepayments, payoffs, adjustable rate loans, credit reporting, and lien perfection.

05/08/2022: Kansas City, KS

Maintain knowledge of available loan products, processing procedures, and underwriting.

05/05/2022: Albuquerque, NM

Obtain an understanding of underwriting loans to meet secondary market guidelines.

04/28/2022: Albany, GA

Step 3: View the best colleges and universities for Loan Servicing Specialist.

Florida Southern College
Colby College
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University of Notre Dame
Western Washington University
Canisius College
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