Loan Operations Specialist
Company: Local Government Federal Credit Union
Location: Raleigh
Posted on: June 25, 2022
Job Description:
Description:The Loan Operations Specialist is responsible for
the daily servicing production of the Member Business Loan
servicing operations. A successful individual in this role will be
forward-thinking, assist with department projects as assigned by
the operations manager and must ensure the financial institution's
Member Business loan closing and servicing policies/procedures are
being adhered to on each request. In addition, one must contribute
to the ongoing development of processes and procedures as well as
have knowledge of each functional area including validating
reporting, billing, tracking of insurances and taxes, collateral
management and paid in full loan record keeping.
Normal Day-to-Day Work
- Provides daily support of all aspects of servicing of Member
Business Loans with functional knowledge of Consumer Loan
products.
- Completes payment processing, data entry, collateral &
financial ticklers and file maintenance.
- Understands and codes loans to report loans accurately in Call
Report, and in all other Credit Union reporting formats.
- Monitors, reviews and validates periodic loan reports and
system output and resolves/escalates issues as appropriate. Assists
in providing reconciliation and identification of pattern
activities or anomalies in reports and notifies management.
- Assists with the continued support of the Credit Union's loan
related systems to ensure they are compliant with current loan
policies and guidelines.
- Assists in the creation and implementation of loan operations
policies, procedures and processes across multiple departments and
identify risks and opportunities for improvement.
- Assists in perfecting Credit Union lien for all real estate and
non-real estate loans, organizes loan file and completes checklist
for any suspense items.
- Handles complex issues and possesses up-to-date knowledge of
specific financial products and regulations. Works with others as
necessary to research, analyze and recommend resolutions.
- Monitors daily interactions with outside vendors related to
loan operations services, including attorney's, title companies,
state and county offices, insurance and lien filing providers
pertaining to collateral and liaison to other internal
departments.
- Assists in ensuring system upgrades are installed and tested
thoroughly in a timely fashion.
- Ensures compliance with all applicable laws and regulations
concerning lending by working with Legal and Compliance, attending
internal and external training classes and vendor workshops.
- Serves as a representative for Loan Operations; attends and
contributes to project meetings; interacts with Management; and
serves in the absence of the Senior Loan Operations Specialist or
Loan Operations Manager, as needed.
Job QualificationsHere are a few skills you MUST have to be
considered for this position.
- Minimum 1-3 years of Member Business loan operations experience
in all aspects of servicing and loan documentation preparation for
commercial non-real estate, real estate and construction
loans/lines of credit, including participations (bought and
sold).
- Minimum 1 - 3 years of Credit Union or Commercial Bank loan
operations experience.
- Ability to function in a business office environment and
utilize standard office equipment, technology and software
including but not limited to: PC/laptop, MS Windows, etc.
- Ability to lift a minimum of 25 lbs. (file boxes, computer
printer).
Here are a few qualifications we'd LIKE you to have to make you
more suited for this position.
- Experience with collateral perfection and servicing,
regulations and compliance.
- Experience with virtual/online banking environments for
business members services.
- Technical experience with input to loan documentation and core
Credit Union systems.
About the LGFCU CultureIf you are working here, or considering
working here, you should know a little something about the LGFCU
culture. We are a workplace that highly values the contributions of
a diverse group of people. We believe if we put our heads and hands
together, we can accomplish amazing feats for our members. To this
end, we recruit bright, energetic, and talented people to be
members of our team. In return, we offer a dynamic workplace that
presents opportunities for advancement and learning new skills. We
really believe that when our employees succeed, members win.
If you have questions about this position description, please feel
welcome to ask. You can reach our HR at:
LGFCU Human Resources3600 Wake Forest RoadRaleigh, NC
27609careers@lgfcu.org
Requirements:
PI179514935
Keywords: Local Government Federal Credit Union, Raleigh , Loan Operations Specialist, Other , Raleigh, North Carolina
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