What are the responsibilities and job description for the Loan Servicing Specialist position at Boulo Solutions?
Boulo is recruiting a Loan Servicing Specialist for our client, a values-driven, community-focused institution offering personalized wealth management and banking solutions, backed by a culture of professionalism, integrity, and innovative spirit.
Employment Type: Full-time and In-office in Birmingham, Alabama
Flexibility: Small team environment and flexible work culture
Benefits: Yes
Our client is hiring a Loan Servicing Specialist that will play a vital role in supporting their current & future clients. An ideal candidate would meet the qualifications listed below, and more importantly, be able to demonstrate that they live by their Core Values (Golden Rule, Character, Innovative Spirit, Professionalism, Work Ethic).
Summary:
Responsible for the day-to-day administration and maintenance of the bank’s loan portfolio after funding. This role ensures accurate processing of payments, account updates, collateral management and compliance with regulatory and internal policies. This role would provide support to Client Advisors and Loan Operations Associates to ensure smooth and efficient servicing through the life of the loan.
Key Roles/Responsibilities:
- Prepare and review daily, weekly and monthly loan reports for accuracy, exception tracking and compliance monitoring. Identify operational trends. Track collateral perfections, lien releases and insurance requirements.
- Track and process payments to and from participating banks and syndicated loans.
- Ensure maintenance, research, payoff transactions and exception clearing is handled in a timely and professional manner.
- Assist with internal and external audits and examinations.
- Collaborate with Client Advisors, Credit and Operations teams to resolve issues.
Responsibility Details:
- Administer purchased and sold participation and syndicated loans, including balancing incoming/outgoing payments, interest allocations and principal reductions. Serve as the main point of contact for participant banks regarding payment inquiries or servicing matters.
- Track collateral documents, UCC filing and lien releases to ensure proper perfection and release at payoff.
- Review and clear loan exceptions; ensure compliance with regulatory and policy requirements.
- Assist with data gathering and responses for internal audits, external audits and regulatory examinations.
- Partner with operations, finance, credit and compliance teams to streamline processes and resolve discrepancies.
- Identify opportunities for efficiency improvements within loan servicing and recommend solutions.
- Support any other loan operations duties as needed.
Qualifications and Skills:
- Associate’s degree (A A.) or equivalent preferred.
- 5 years or more of banking experience preferred.
About Boulo: Don’t let your job search end here. Boulo is a recruiting platform that goes beyond titles and timelines. We help experienced, knowledgeable professionals stand out to hiring managers by showcasing value through a skills-first approach. If you’re tired of being overlooked on other job boards and seeking a new opportunity, join Boulo here: https://boulosolutions.com/
Salary : $45,000 - $60,000
