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1 Loan Servicing Specialist Job in Hampden, ME

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Maine Savings Federal Credit Union
Hampden, ME | Full Time
$32k-41k (estimate)
0 Months Ago
Loan Servicing Specialist
$32k-41k (estimate)
Full Time 0 Months Ago
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Maine Savings Federal Credit Union is Hiring a Loan Servicing Specialist Near Hampden, ME

Maine Savings is searching for a full-time, 40 hour per week, Loan Servicing Specialist position for our Hampden Administration location.
The Loan Servicing Specialist works under the supervision of the Loan Servicing Supervisor; in this role, you can expect to perform a variety of functions in connection with commercial, real estate and consumer lending to include all processing and maintenance of loans after they have been closed. Additional job duties include, but are not limited to: 
  • Perform clerical tasks related to the loan.
  • Support the loan process by performing a variety of operational tasks such as quoting payoffs, lien perfection and releasing, posting payoffs and handling insurance premiums, and processing insurance claims.
  • Monitor compliance and keep current with regulations, maintaining a working knowledge of applicable regulations as they relate to lending and to Maine Savings' loan standards and policies.
  • Perform routing quality control reviews on all loan production. In addition, the Loan Servicing Specialist may be called upon routinely to produce management, board or other reports which will require regular data mining and research.
  • Research and maintain automatic payments and answer daily inquiries from internal and external members through various communication channels.
  • Provide exceptional customer service to vendors, insurance companies, financial institutions and dealerships in support of loan processes.
  • Assist in preparing information for internal and external audits.
This position focuses on obtaining general credit union knowledge and mastering routine loan processing and maintenance. An interest and experience in customer service and working knowledge of Windows are essential for this position.
Maine Savings offers an excellent compensation package as well as the opportunity to thrive in a challenging, fun, and exciting environment. Maine Savings also offers health insurance, dental and vision insurance, 401k with company match, paid holidays, a generous Paid Time Off program, employee referral program, employee discounts, continuing education and student debt relief programs, longevity bonuses and more!
Maine Savings is a growing modern financial institution offering members a full range of financial services. With over 38,000 members and nearly $800,000,000 in assets, Maine Savings is among Maine’s largest credit unions. With 11 branches, nearly 150 employees, and state-of-the-art technology, Maine Savings is committed to providing its members in-person service and modern conveniences. Founded in 1961 by employees of the Bangor and Aroostook Railroad Company, Maine Savings continues to serve its membership as a federally insured not-for-profit credit union.
 
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
 
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Job Summary

JOB TYPE

Full Time

SALARY

$32k-41k (estimate)

POST DATE

05/06/2023

EXPIRATION DATE

05/06/2024

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The job skills required for Loan Servicing Specialist include Loan Servicing, Loan Processing, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Servicing Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Servicing Specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Loan Servicing Specialist positions, which can be used as a reference in future career path planning. As a Loan Servicing Specialist, 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 Servicing Specialist. You can explore the career advancement for a Loan Servicing Specialist below and select your interested title to get hiring information.

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If you are interested in becoming a Loan Servicing Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Servicing Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Loan Servicing Specialist job description and responsibilities

Loan servicing specialist ensures all loan servicing disclosures are completely error free.

03/20/2022: Paramus, NJ

Loan servicing specialist executes quality control measures with respect to loan servicing.

03/12/2022: Raleigh, NC

Reviews completed audit disbursement, loan reconciliation and reports.

02/15/2022: Charleston, SC

Loan servicing specialists are responsible for the processing and approval of new loan applications, and for managing existing loan accounts.

04/15/2022: Biloxi, MS

Loan servicing specialists are responsible for the day-to-day management of mortgage, and other types of loans.

03/06/2022: Bridgeport, CT

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Loan Servicing Specialist jobs

Acquire a high school diploma, trainings, and certifications to be a loan servicing specialist.

04/16/2022: Miami, FL

Loan servicing specialists can earn certifications to gain more theoretical knowledge of their responsibilities and further their career advancement opportunities.

02/25/2022: Fort Smith, AR

Gain knowledgeable about prepayments, payoffs, adjustable rate loans, credit reporting, and lien perfection.

05/08/2022: Kansas City, KS

Maintain knowledge of available loan products, processing procedures, and underwriting.

05/05/2022: Albuquerque, NM

Obtain an understanding of underwriting loans to meet secondary market guidelines.

04/28/2022: Albany, GA

Step 3: View the best colleges and universities for Loan Servicing Specialist.

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