What are the responsibilities and job description for the Loan Servicing Specialist II position at Bridgewater Bank?
We are seeking an experienced Loan Servicing Specialist II to join our Loan Administration at Bridgewater Bank in St. Louis Park. Reporting to the Loan Servicing Lead, in this role, you will perform a variety of functions associated with the origination of new loans and servicing of existing loans ensuring that loan documentation is accurate and in compliance with laws and regulations.
RESPONSIBILITIES:
- File appropriate reports which may include title search, title work, flood certificates, surveys or other due diligence information from various sources and prepare reports and/correspondence as appropriate.
- Proactively monitor compliance tracking system to ensure lien is recorded timely this includes insurance and real estate tax monitoring.
- Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes draws, payments, wire transfers, payoffs, and collateral releases.
- Resource for Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
- Perform maintenance on E/O/D, non-accrual, and special mention loan accounts.
- Manage or maintain Loan Participation portfolio, general ledger accounts, flood related compliance audits and logs, Letter of Credit Log and other daily, month or quarterly reports as assigned.
- Monitor payment and correspondence related to real estate taxes and insurance including REO properties, as assigned.
- Manage, monitor and/or report activity related to denied/not approved loans, as assigned.
QUALIFICATIONS:
- 5-7 years of Commercial and Consumer loan servicing experience
- Strong oral and written communication skills
- High attention to detail and knowledge of rules, regulations and policies relating to loan documentation
- Bachelor’s degree preferred
ABOUT BRIDGEWATER BANK:
Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.
We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.
At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!
COMPENSATION & BENEFITS:
The typical annual base pay range for this role is between $27.70 - $30.90/hr. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.
Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Parental leave
- 401(k) with employer match
- Paid vacation & paid holidays
PLEASE NOTE:
The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits, and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability, or any other characteristic protected by applicable federal, state, or local law.
STATUS: Non- Exempt
Salary : $28 - $31