About this opportunity
ITACCEL lists this Loan Servicing Specialist opportunity in wayne, New Jersey. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Title: Loan Servicing Specialist II
Type: 3-Month Contract
Location: Wayne, New Jersey
Schedule: Onsite
The Loan Servicing Specialist II is responsible for performing a variety of servicing functions for the organization's loan portfolio. This position supports the accurate and timely processing, maintenance, and administration of commercial, consumer, and/or real estate loans while ensuring compliance with organizational policies, procedures, and applicable regulatory requirements.
Primary Responsibilities:
Process loan payments, advances, payoffs, principal reductions, and other loan transactions.
Maintain loan records and update account information within the organization's core loan servicing system.
Review loan documentation to ensure accuracy and completeness.
Process loan modifications, renewals, extensions, rate changes, and other maintenance requests.
Research and resolve discrepancies related to loan balances, payments, interest calculations, fees, and account histories.
Maintain and monitor escrow accounts, including real estate taxes and insurance.
Review and track insurance, collateral, and other required loan documentation.
Respond to inquiries from borrowers, lenders, relationship managers, attorneys, title companies, and internal departments.
Perform quality-control reviews of loan servicing transactions and documentation.
Prepare payoff statements and loan histories as requested.
Assist with audits, examinations, reporting, and departmental projects.
Ensure compliance with applicable banking regulations, internal policies, and procedures.
Maintain accurate documentation and records.
Perform other duties as assigned.
Knowledge and Skills: Knowledge of banking operations and loan servicing procedures.
Understanding of commercial, consumer, and/or real estate lending.
Knowledge of loan documentation, payments, escrow, insurance, taxes, and collateral.
Strong analytical and problem-solving skills.
Strong attention to detail.
Excellent organizational and time-management skills.
Effective written and verbal communication skills.
Proficiency in Microsoft Word and Excel.
Experience with core banking and loan servicing systems preferred.
Education and Experience: High School diploma or equivalent required.
Associate's or Bachelor's degree in Business, Finance, Accounting, or related field preferred.
3-5 years of banking, loan servicing, lending operations, or related financial-services experience preferred.
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Worksite address
wayne, NJ, 07474, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.