What are the responsibilities and job description for the LOAN OPS CLERK TEAM 1 position at REPUBLIC BANK OF CHICAGO?
Job Details
Description
GENERAL FUNCTION: Relies on instructions and pre-established guidelines to perform the loan servicing functions required in order to maintain the bank’s loan portfolio and service all loan customers.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
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Advance funds for closings and draws.
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Process loan payments and reversals/corrections, including requests for online dollar payments and transfers.
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Process loan payoffs and paid files according to the established checklist, including the preparation and evaluation of collateral releases.
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Prepare payoff letters.
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Process and prepare participant and/or investor remittances as needed.
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Research and prepare duplicate release requests.
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Track and process unit/lot paydown letters, paydowns, and releases in connection with construction loans.
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Assist internal and external customers with inquiries.
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Access, review, and process reports, checklists, and procedures assigned in connection with the above responsibilities.
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Other duties as assigned
EXPECTATIONS:
Relies on experience and judgment to plan and accomplish goals.
Provide support for other members of the department as needed including special projects as assigned.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
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High School diploma or its equivalent.
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2 years loan processing or loan servicing experience with a focus in commercial lending preferred.
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Familiar with a variety of the lending and general banking concepts, practices, and procedures.
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Proficient knowledge of Microsoft suite of products (Excel, Word, Outlook, etc.).
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Strong verbal and written communication skills.
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High level of accuracy and attention to detail
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Ability to prioritize and manage multiple tasks
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Excellent customer service skills.
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Ability to work and think independently.
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Experience with FIS IBS Insight core system is preferred
WHAT WE OFFER
As part of our commitment to your physical, emotional, and financial wellbeing, we proudly provide a comprehensive benefits package, which includes:
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A competitive salary range estimated at $47,000 - $54,000 for this position. (Final compensation may vary based on experience, skills, and qualifications)
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Generous Paid time Off (PTO) to help you rest, recharge, and take care of what matters most
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Health, dental, and vision insurance with tax-advantaged FSA and HSA account options
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Retirement benefits including 401k plan with discretionary matching contributions.
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Childcare assistance program to support working parents and their eligible dependents
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Parental Leave for both primary and secondary caregivers
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Short-term and long-term disability coverage for long-term income security
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Basic Life and AD&D insurance with elective additional coverage for you, your spouse, or children
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Mental health & wellness benefits including bank-paid Headspace meditation app subscription and access to our Employee Assistance Program
Join us and be part of a team where your contributions are valued and supported. We look forward to meeting you!
ADDITIONAL RESPONSIBILITIES:
Every employee of Republic Bank is responsible for knowing and practicing Bank Secrecy Laws (AML/CIP/SAR/CTR/OFAC), the USA Patriot Act, and other related regulations as they relate to their specific job function. Training will be provided during your Introductory Period and annually thereafter. If you need additional training, you are responsible for contacting your immediate supervisor.
We look forward to working with you and to the contributions you will make to Republic Bank of Chicago, as well as the opportunity to provide you with professional growth. However, we recognize that you retain the option, as does Republic Bank of Chicago, of ending your employment with us at any time, with or without notice and with or without cause. As such, your employment with Republic Bank of Chicago is at-will and neither this job description nor any other oral or written representations may be considered a contract for any specific period of time.
Qualifications
Salary : $47,000 - $54,000
