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UW Credit Union
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Loan Servicing Specialist
UW Credit Union Madison, WI
$31k-40k (estimate)
Full Time | Contract Research 7 Months Ago
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UW Credit Union is Hiring a Loan Servicing Specialist Near Madison, WI

Overview

Ever wonder what happens after a member obtains a loan with UW Credit Union? It may seem like magic, but it’s actually our super team of Loan Servicing Representatives working behind-the-scenes! Due to the exciting growth UW Credit Union is experiencing, the Consumer Lending department is in need of an additional Loan Servicing Representative. If you are excited about UW Credit Union’s future, and are looking for the next step on your UW Credit Union employment journey, this is the job for you!

As a Loan Servicing Representative, you will play a key role in maintaining and servicing UW Credit Union member loans. You may ask yourself - “what does it mean to maintain and service an existing loan?” Loan Servicing Reps ensure the accuracy of loan interest rates, payment due dates, payoff dates, and more, during the lifetime of a loan. They are the point of contact when members call with questions or requests related to existing-loans. Loan Servicing Reps work with outside vendors, like car dealers or insurance companies, on issues that may relate to a member’s existing loan. When a member is ready to pay off a loan in full, Loan Servicing Reps handle all necessary steps.

A successful Loan Servicing Rep is naturally agile, and can switch directions easily throughout the day, depending on what member needs are present and take priority. Having taken over 22,000 member calls last year, Loan Servicing Rep’s play a crucial role in retaining members, and must possess both patience and stellar customer service skills. Attention to detail and organization are vital traits that Loan Servicing Reps need in order to serve UW Credit Union’s members in the best possible way.

Responsibilities

  • Responsible for accurate and timely processing of loan payment corrections, loan modifications, due date changes, loan fee refunds, etc. on all consumer loan products
  • Ensure UW Credit Union is listed as lien holder on vehicle titles within established service levels
  • Perform necessary account maintenance on payment protection related products (Credit Life, Credit Disability, Debt Protection, GAP, MRC, etc.) in accordance with established service levels
  • Ensure that external request for payoff information are handled professionally, discretely, and accurately.
  • Process loan payoffs in a timely manner with an emphasis on quality
  • Perform loan account maintenance through a variety of loan servicing activities (i.e. letter of guaranty requests, NSF check and ACH payments, automatic loan payment maintenance, etc.)
  • Responsible for the timely and accurate scanning of loan documents to TREEV and adding comments into our loan system when account maintenance is performed

Qualifications

  • High School Diploma or equivalent
  • 1 year of transactional experience with InterACT preferred
  • Must have strong oral & written communication skills
  • Must be able to work independently, organize and prioritize work
  • Have basic understanding of the Consumer Lending Process
  • Demonstrated service-recovery skills

UW Credit Union is proud to be an Equal Opportunity and Affirmative Action Employer of Minorities, Protected Veterans, Women, and individuals with Disabilities. We strive to cultivate an inclusive workplace that is home to a diverse workforce where employees at all levels model knowledge of, belief in and a commitment to cultural competence.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Contract Research

SALARY

$31k-40k (estimate)

POST DATE

09/11/2022

EXPIRATION DATE

08/01/2023

WEBSITE

uwcuinvestmentservices.org

HEADQUARTERS

Madison, WI

SIZE

<25

INDUSTRY

Contract Research

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The job skills required for Loan Servicing Specialist include Loan Servicing, Customer Service, Consumer Loans, Attention to Detail, Written Communication, ACH, 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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