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3 Loan Servicing Specialist I Jobs in Kenosha, WI

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First American Bank
Kenosha, WI | Full Time
$35k-46k (estimate)
6 Days Ago
First American Bank
Kenosha, WI | Full Time
$37k-47k (estimate)
5 Days Ago
First American Bank
Kenosha, WI | Full Time
$37k-47k (estimate)
5 Days Ago
Loan Servicing Specialist I
$35k-46k (estimate)
Full Time | Banking 6 Days Ago
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First American Bank is Hiring a Loan Servicing Specialist I Near Kenosha, WI

This non-exempt (hourly) position is responsible for general loan servicing tasks, including the booking and ongoing servicing of all loan types.

Duties & Responsibilities

  • Perform new loan input and second review of loans booked.
  • Perform general loan servicing tasks, which include preparing payoff letters, reviewing daily reports, initiating wire transfers and loan disbursements.
  • Interpret loan documents in order to accurately book loan transactions in a timely manner.
  • Service incoming lender and customer requests for loan transactions, account research, problem resolution, and loan account maintenance.
  • Respond to customer and lender inquiries in a timely manner.
  • Input balanced and accurate transactions to customers and general ledger accounts.
  • Monitor and update insurance records for loans as needed.
  • Practice and uphold basic loan accounting standards.
  • Manage competing priorities in a fast-paced environment while maintaining a strong attention to detail.
  • Perform other duties as assigned by management.

Qualifications

  • High school diploma or equivalent required. Bachelor’s degree preferred.
  • Minimum one year of banking experience required.
  • 1 year of loan servicing or loan operations experience preferred.
  • Excellent verbal and written communication skills are required to effectively correspond with internal bank employees, outside vendors, and external customers.
  • Knowledge of Microsoft 365 required.
  • Knowledge of Financial Processing core systems preferred.
  • Occasional travel to other First American Bank locations, Bank functions and training facilities may be required.
  • Typical scheduled hours will be Monday - Friday 8:00 a.m. to 5:00 p.m.
  • Additional hours may be necessary upon business needs.
  • Punctuality is required to maintain First American Bank’s customer service standards.

First American Bank is an Equal Opportunity Employer

(Minorities/Females/Disabled/Veterans).

First American Bank will not sponsor applicants for work visas.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$35k-46k (estimate)

POST DATE

06/23/2024

EXPIRATION DATE

07/21/2024

WEBSITE

1934.bank

HEADQUARTERS

FORT DODGE, IA

SIZE

200 - 500

FOUNDED

1982

CEO

TOM SCHNURR

REVENUE

$50M - $200M

INDUSTRY

Banking

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First American Bank
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$59k-72k (estimate)
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First American Bank
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$59k-72k (estimate)
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First American Bank
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$59k-72k (estimate)
2 Days Ago

The job skills required for Loan Servicing Specialist I include Loan Servicing, Customer Service, Accounting, Written Communication, General Ledger, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Servicing Specialist I. 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 I. 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 I positions, which can be used as a reference in future career path planning. As a Loan Servicing Specialist I, 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 I. You can explore the career advancement for a Loan Servicing Specialist I below and select your interested title to get hiring information.

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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
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