1 Loan Servicer Job in Rockville, MD
Lafayette Federal Credit Union is Hiring a Loan Servicer Near Rockville, MD
Description
Welcome to Lafayette Federal Credit Union Careers! Our organization is growing, and we are seeking top-notch individuals to provide support to our members. Our employees are a critical component in our endeavor to be the premier financial partner for every one of our members.
- Have you handled both Mortgage and Consumer loans?
- Do provide excellent service to members and ensure quality control?
If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Loan Servicer to join our dynamic team!
About us:
Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!
Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.
Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.
About the role:
- Provide timely and effective service to members, employees, and related business relationships in the administration and servicing of Lafayette Federal's mortgage and consumer loan products.
- Review systems to ensure quality control of mortgage and consumer loans.
- Assist with the preparation of daily and monthly investor reports as required by Freddie Mac, Fannie Mae, FHA/VA, internal regulations, and other external investors.
- Review and cure insurance related deficiencies and manage force placed insurance policies.
- Produce and reconcile daily mortgage settlements within the core system.
- Research and resolve general ledger differences and process exception payments.
- Handle all remittance requirements for various entities, including FHLMC, FNMA, FHA/VA, and others.
Requirements
A day in the life of a Loan Servicer will include:
- Prepare and deliver loans for sale to Freddie Mac, Fannie Mae, and FHA/VA.
- Process various loan corrections.
- Process Subordination request
- Process and submit lien releases for mortgage.
- Track and release titles for Collateral Loans.
- Track, process, and ensure timely payment of real estate taxes, hazard insurance, private mortgage insurance, and other escrow items.
- Review and activate PMI certification.
- Review requests for SCRA Benefits.
- Prepare and review annual tax and insurance disclosure notices.
- Process and review interest rate change notices, payment change notices, and notifications for ballooning and maturing notes.
- Assist with research for audits, both internal and external.
- Ensure compliance with Bank Secrecy Act/Anti-Money Laundering/OFAC requirements.
- Collaborate on projects and other assignments under the direction of Loan Servicing Management.
Our ideal candidate will:
- Have two years of similar or related experience.
- Proactively finds and corrects issues that may arise.
- Represent Lafayette Federal in a professional manner.
- Troubleshoot and resolve inquiries in a timely and professional manner.
- Maintain confidentiality at all times.
- Demonstrate dependability and punctuality.
- Embrace an inclusive and diverse office culture.
- Show enthusiasm and a positive attitude toward company success.
- Collaborate with colleagues on strategic projects and daily operations.
Top benefits or perks:
Joining Lafayette Federal comes with perks to support you in your personal and professional journey.
We provide employees with a generous benefits package including:
- Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
- Fully funded deductible (HMO Plan)
- 401k employer matching contribution
- Income protection with life insurance, short and long-term disability
- Paid time off & holiday leave
- Educational assistance
- Commuter benefits program and more!
The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.
*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer
*EOE/AA/DISABILITY/VETERAN
Job Summary
Full Time
Banking
$40k-50k (estimate)
09/03/2023
05/15/2024
lfcu.org
MC LEAN, VA
100 - 200
1935
PETER BENJAMIN
$10M - $50M
Banking
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About Lafayette Federal Credit Union
Lafayette Federal Credit Union is one of the premiere financial institutions in the Washington, D.C. area. Since our founding in 1935, we have sought to provide our members with a safe and convenient place to save, and to offer loans at rates and terms more favorable than those of other financial institutions. We also work hard to provide top-notch customer service. View our careers at www.lfcu.org/careers! Federally insured by NCUA. Equal Housing Lender. Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (CFS), a registered broker-dealer (Member FIN...RA www.finra.org /SIPC www.sipc.org ) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Lafayette Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Investment representatives at Lafayette Federal Credit Union are licensed to transact securities business in MD.
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The job skills required for Loan Servicer include Loan Servicing, Consumer Loans, General Ledger, Bank Secrecy Act, Quality Control, Confidentiality, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Servicer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Servicer. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Servicer positions, which can be used as a reference in future career path planning. As a Loan Servicer, it can be promoted into senior positions as a Loan Servicing Clerk III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Servicer. You can explore the career advancement for a Loan Servicer below and select your interested title to get hiring information.
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