What are the responsibilities and job description for the Loan Operations Specialist position at Herring Bank?
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
About the Role
We’re looking for a Loan Operations Specialist who thrives in a collaborative environment and takes pride in accuracy, organization, and excellent customer service. This role supports our lending teams by ensuring smooth loan processing from start to finish — from boarding new loans to managing post-closing documentation and compliance.
We’re looking for a Loan Operations Specialist who thrives in a collaborative environment and takes pride in accuracy, organization, and excellent customer service. This role supports our lending teams by ensuring smooth loan processing from start to finish — from boarding new loans to managing post-closing documentation and compliance.
You’ll be part of a dynamic department that plays a critical role in maintaining data integrity, supporting lenders, and ensuring regulatory compliance for commercial, consumer, agricultural, and real estate loans.
What You’ll Do
- Process and board new and renewed commercial, consumer, and agricultural loans.
- Handle loan payments, participation and collection payments, and wire transfers.
- Process credit card applications and perform account maintenance.
- Balance daily loan control general ledger and process loan disbursements.
- Maintain production and assistant logs, and scan loan documents to imaging systems.
- Monitor and clear loan exceptions including titles, recorded documents, and UCC filings.
- Review and reconcile daily, weekly, and monthly reports, making necessary adjustments.
- Manage E-Oscar and Experian reporting updates.
- Prepare loan payoffs and adverse action notices.
- Process invoices for vendors (e.g., flood determinations, Central Notification System, SOS filings).
- Ensure compliance with applicable regulations (Reg Z, Reg B, Reg X, FLOOD, OFAC, etc.).
- Foster a culture of teamwork and customer focus within the loan operations department.
What You’ll Bring
- High school diploma or equivalent required; some college or banking experience preferred.
- Strong attention to detail and organizational skills.
- Ability to prioritize tasks and work efficiently in a fast-paced environment.
- Excellent communication and interpersonal skills.
- Proven problem-solving and multitasking ability.
- Working knowledge of loan documentation, credit tracking, or banking systems a plus.
Why Join Herring Bank
- Competitive pay and comprehensive benefits package.
- Career growth opportunities within a rapidly expanding bank.
- Supportive, team-oriented culture that values initiative and collaboration.
- Commitment to professional development and ongoing training.
Salary : $19 - $20