What are the responsibilities and job description for the Loan Operations Specialist II position at Stride Bank, N.A.?
Description
The Loan Operations Specialist II is responsible for all post-closing loan servicing functions executed and overseen by the department. Supports commercial loan production teams through courteous, timely, and accurate servicing of the commercial loan portfolio.
Principle Duties And Responsibilities
EDUCATION AND/OR EXPERIENCE
The Loan Operations Specialist II is responsible for all post-closing loan servicing functions executed and overseen by the department. Supports commercial loan production teams through courteous, timely, and accurate servicing of the commercial loan portfolio.
Principle Duties And Responsibilities
EDUCATION AND/OR EXPERIENCE
The Loan Operations Specialist II is responsible for all post-closing loan servicing functions executed and overseen by the department. Supports commercial loan production teams through courteous, timely, and accurate servicing of the commercial loan portfolio.
Principle Duties And Responsibilities
- Works directly with the loan production officers and assistants to aid in servicing of the commercial loan portfolio.
- Identifies, tracks, and communicates loan exceptions, as needed.
- Loads loan to the core system once signed.
- Perfects collateral.
- Accepts and posts loan payments.
- Provides payoffs and release collateral on paid off loans within the regulatory timeline.
- Maintains escrow payments and annual analysis.
- Responds to and assists customers with questions on their existing loans.
- Performs other duties as assigned.
EDUCATION AND/OR EXPERIENCE
- Bachelor's degree in Business Administration, Finance, or related field, or minimum 5 years’ equivalent work experience, required.
- 3-5 years’ experience in financial institution producing commercial, agriculture, consumer, and mortgage lending, required.
- Extensive administrative or professional experience in a relevant field that provides the background and experience necessary to guide the Bank’s commercial lending portfolio servicing activities in a financially safe and sound manner.
- Thorough knowledge of commercial, agriculture, mortgage, and consumer lending practices.
- Thorough understanding of loan documentation criteria and business objectives.
- Ability to read, comprehend, and evaluate detailed and complex loan documents.
The Loan Operations Specialist II is responsible for all post-closing loan servicing functions executed and overseen by the department. Supports commercial loan production teams through courteous, timely, and accurate servicing of the commercial loan portfolio.
Principle Duties And Responsibilities
- Works directly with the loan production officers and assistants to aid in servicing of the commercial loan portfolio.
- Identifies, tracks, and communicates loan exceptions, as needed.
- Loads loan to the core system once signed.
- Perfects collateral.
- Accepts and posts loan payments.
- Provides payoffs and release collateral on paid off loans within the regulatory timeline.
- Maintains escrow payments and annual analysis.
- Responds to and assists customers with questions on their existing loans.
- Performs other duties as assigned.
EDUCATION AND/OR EXPERIENCE
- Bachelor's degree in Business Administration, Finance, or related field, or minimum 5 years’ equivalent work experience, required.
- 3-5 years’ experience in financial institution producing commercial, agriculture, consumer, and mortgage lending, required.
- Extensive administrative or professional experience in a relevant field that provides the background and experience necessary to guide the Bank’s commercial lending portfolio servicing activities in a financially safe and sound manner.
- Thorough knowledge of commercial, agriculture, mortgage, and consumer lending practices.
- Thorough understanding of loan documentation criteria and business objectives.
- Ability to read, comprehend, and evaluate detailed and complex loan documents.
