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Loan Servicing Specialist

Walpole, MA, United States

* This role will include some hybrid flexibility following an initial training period.

Walpole Co-operative Bank is seeking an experienced Loan Servicing Specialist to provide administrative support for all commercial and construction loan products , along with servicing support of new and existing residential loan types, including equity credit lines. This position will also be responsible for the accurat e maintenance and servicing of all loan files and for providing efficient and courteous customer service to borrowers.

Loan Servicing Specialist III Qualifications and Skills

Bachelor’s degree or equivalent

3 – 5 years of loan operations and servicing experience, or relative equivalent experience

In-depth knowledge of daily loan operations functions

Effective problem solving and resolution skills

High level of accuracy and detail-orientation

Ability to meet deadlines and prioritize workflow

Attention to detail with strong organizational skills

Must be proficient with Microsoft Office including Word, Excel and Outlook, experience with Fiserv Premier banking platform strongly desired

M aintain updated knowledge regarding b ank products, compliance and lending regulations and policies

Why You Should Apply

Competitive salary with weekly pay

80% employer paid premiums for health, dental and vision insurance with FSA and HRA programs (50% of annual deductible covered on HRA)

401(k) and 2:1 match, fully paid pension plan, generous paid time off, 100% tuition reimbursement up to 7K per year, 100% paid life insurance, and more!

Loan Servicing Specialis t III Job Responsibilities

Prepare and maintain commercial and construction loan files through file set up, pre-closing and post-closing review

Input loan data and manage on-going system maintenance for commercial and residential loans and all required documents

Provide efficient and effective administrative support to lending staff and the Bank’s loan portfolio through handling construction, commercial and residential loan advances, construction inspection scheduling and inspection reviews, tracking Purchase & Sale Agreements, processing loan payoffs and preparing mortgage discharges and partial releases

Prepare and collect documents for UCC/Insurance requirements, tax servicing and escrow requirements, reports, and communications to ensure Bank coverage and regulatory compliance

Track financial data needs for credit files and provide effective communication with officers and customers to obtain needed file information

Provide support for additional responsibilities including consumer collections, flood insurance, PMI, quarterly reporting for FHLBB, quarterly disbursement of real estate tax escrow payments, annual tax escrow analysis and report writing using Business Analytics and FISERV

Research and resolve complex system processing issues and errors

Identify potential loans eligible to pledge to FHLBB

Provide administration support for coordinating loan disbursements and preparation of mortgage and UCC discharges, processing general ledger transactions, preparation of correspondence and reports, monitoring collection of fees and payoffs

Provide courteous and accurate customer service for commercial borrowers, including answering questions and resolving service problems, processing transactions, and obtaining necessary file documents

Respond to all telephone inquiries promptly and courteously; ensure that any customer issues are handled in an efficient and timely manner including follow up to ensure that customers are satisfied with resolution and service

About Walpole Co-operative Bank

Walpole Co-operative Bank is a community bank dedicated to meeting the needs of the communities we have served for the last century. Our office is located in the heart of Walpole and our focus has always been helping local people, businesses and non-profit organizations reach their goals. Our perspective is unique because it is local and hyper-focused on the specific needs of our wonderful community . We are a high performing, financially sound, independent community bank. Our commitment is to provide quality banking solutions that support the economic vitality of the individuals and businesses within the markets we serve. This commitment strengthens local communities, creating a positive impact on people’s lives.

Walpole Co-operative Bank is an equal opportunity employer, dedicated to building an inclusive and diverse workforce.

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