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Firstrust Bank · 2 months ago

Loan Servicing Specialist II

Horsham, PA

Full-time

Hybrid

Mid Level

3+ years exp

Firstrust Bank is one of the region’s foremost community banking institutions, committed to fostering leadership among its employees. The Loan Servicing Specialist II will be responsible for timely and accurate servicing of Commercial, Business Banking, and Consumer Loan Operations, ensuring regulatory compliance and maintaining strong relationships with Relationship Managers.

BankingCommercialFinanceFinancial Services

Responsibilities

Implement system changes, maintenance of rate and field changes, when required. Make necessary adjustments to the loan record when applicable

Process payments and review the accuracy of incoming cash receipts/wires and reports submitted by servicers. Verify principal and interest distribution of funds on these remittances

Responsible updating the collateral recording information on loan accounting system

Monitor various system-generated reports, take appropriate action based on the information appearing, and bank procedures

Prepare payoff letters for all commercial and consumer loans, including satisfaction fees and pre-payment penalty calculations

Provide for the effective handling of internal and external customer inquiries. Process research requests from customers for all loan types

Responsible for Participation Loans Sold and Process daily payments and advance letters to Participants also sending wires and processing incoming wires for advances

Responsible for processing payments and advances for Participation Loans bought

Responsible for all activities for Swap Loans

Maintain a basic knowledge of the various core systems for understanding the impact of various field values

Qualification

Loan operations experienceAccounting skillsMicrosoft Office SuiteInterpersonal skillsProblem-solving skillsOrganizational skillsAttention to detailTime managementSelf-motivatorCommunication skills