Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. The vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA)). Because GSEs and private loan investors typically do not service the mortgage loans that they purchase, the bank who sells the mortgage will generally re ...
tain the right to service the mortgage pursuant to a master servicing agreement. The payments collected by the mortgage servicer are remitted to various parties; distributions typically include paying taxes and insurance from escrowed funds, remitting principal and interest payments to investors holding mortgage-backed securities (or other types of instruments backed by pools of mortgage loans), and remitting fees to mortgage guarantors, trustees, and other third parties providing services. The level of service varies depending on the type of loan and the terms negotiated between the servicer and the investor seeking their services, and may also include activities such as monitoring delinquencies, workouts/ restructurings and executing foreclosures.
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We currently have an immediate need for an experienced individual that has worked in Post Closing, Loan Servicing or the Escrow and Title Industry. This is a very unique positions assisting a busy department with daily tasks that range from reviewing loan documents, invoices, employees commissions and wire transfers. This is a direct hire full time position offering an annual salary between $65k to $75k based on experience.
We are a local community bank looking for a qualified person to join our team. This position will be a full-time position located in our Main Office in Bennington. Benefits include 401k match, vacation, personal and sick time, health, dental and vision plans, along with education and fitness reimbursement. Successful candidates must demonstrate exceptional customer service skills. This position involves working on all aspects of closed loans incl...
Duties. Answer and transfer incoming department calls and handle loan servicing calls. Process loan payoff statements for payoff requests, log into relevant spreadsheet, and image into Synergy. Complete mortgage verifications, log into relevant spreadsheet, and image into Synergy. Review daily, weekly, and monthly reports and make any adjustments needed. Reverse, assess fees, and send customer letters for insufficient funds. Maintain spreadsheet ...
Opportunity Bank of Montana offers careers in banking with a comprehensive training program, work life balance and meaningful commitment to your community. Are you looking for more than just a job. Are you ready to make a positive impact on your professional life and in your community. If so, we want to talk to you. Opportunity Bank of Montana is adding to our outstanding team with a. Loan Servicing Specialist. As our Loan Servicing Specialist, y...
Loan Servicing Representative II. Hybrid – Des Moines, IA. Shift: Monday - Friday 7:00AM - 3:30PM. 18-month Contract (W2), Weekly Pay (40 hours/week). Pay Rate: $21.50/hr. Desired Start Date: 7/31/2024. Calculated Hire is in search of a Loan Servicing Representative II for our Fortune 100 Financial Services company. You will be responsible for the following components. Job Description. Support Loan Servicing: seek ways to improve individual work ...
. Title. Loan Servicing Specialist. Location. Sioux Falls, SD (This is an on-site position). Builder Finance Inc. (BFI) is the growing lender to homebuilders and housing investors. Launched in 2014, BFI now has several coast-to-coast lending programs with additional programs planned. Clients chose BFI for great pricing, great terms, and an industry-leading customer experience. Details are available at BuilderFinance.com. Job Overview. . Builder F...
Overview. The purpose of this job is to manage objectives and goals for the Loan Customer Service and Specialized Loan Servicing areas and support two supervisors with human resource management, developing and implementing procedures and management of workflow. Responsibilities. Cross-train, lead and develop team of associates to promote maximum productivity, engagement, succession planning and overall contribution to the strategic organizational...
Responsible for providing centralized loan servicing support to bank’s branches, customers, loan operations and loan officers. Responsible for performing a variety of clerical functions and loan maintenance. . Responsibilities include, but are not limited to. Loan Servicing. . Prepares and completes Paid Note Statements including releases of titles and preparation of mortgage releases, which may include electronic recording as applicable. . Prepa...
Description. Job Summary. The Loan Servicing Specialist is responsible for the accurate and timely servicing of the Bank’s loan portfolio, as well as providing clerical support to the lending division and other areas within Loan Operations. Job Responsibilities. Responsible for the initial setup of all loans (news/renewals/modifications) on the Bank’s core processing system. Daily processing of loan payments received, including participations bou...
Position Summary. Responsible for assisting in liquidating collateral on defaulted loans of all types. This includes Small Business Administration paperwork relating to the timely liquidation of non-performing loans. The incumbent must be able to know and keep to various timelines for filings determined by the Bank, Court and/or SBA. The ability to work independently, be detail oriented, and acquire new knowledge as needed is required. Essential ...
Description. About the role. The Loan Operations Specialist ensures that all processes related to loan servicing are efficiently carried out and that the loans are in compliance with banking regulations. Essential Duties. Administering and managing borrower loan accounts after disbursement. Performing detailed loan file audits. Ensuring compliance with banking laws, regulations, and company policies. Providing customer service, answering inquirie...
CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 7,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture. A culture where you can grow. . CCM has created an exceptional culture...
