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Thomaston Savings Bank · 4 weeks ago

Loan Operations Assistant I (Commercial)

Thomaston, CT

Full-time

Onsite

New Grad, Entry Level

Thomaston Savings Bank is a financial institution that offers various banking services. They are seeking a Loan Operations Assistant I to process modifications of loan relationships and maintain accurate loan documentation.

Banking

Responsibilities

Processes modifications of existing loan relationships and assures for accuracy

Maintains the Bank's loan files, ensuring current and accurate documentation

Processes pay offs, and releases mortgages, assignments of leases and UCC filings

Obtains current UCC and title documentation including UCC continuations

Prepares Assignments of Mortgage

Responsible for regularly reviewing reports from the Bank's insurance vendor to identify and troubleshoot issues on both escrowed and non-escrowed policies

Processes tax, flood and escrow disbursement, payments and reporting

Responsible for responding to emails sent to Consumer and Commercial Loan Operations

Receiving incoming calls from the Bank's borrowers

Answers routine questions and troubleshoots any complaint or question from internal or external clients

Processes release of funds to borrowers in connection with new loans and credit line advances

Processes payments for force placed insurance, and handles all correspondence to the Borrower and loan file

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control

Qualification

Loan processingDocumentation managementUCC filingsInsurance policy reviewCustomer service

Required