Loan Servicing Specialist

Responsibilities

Kforce has a client that is seeking a Loan Servicing Specialist in Los Angeles, CA. In this role, you will facilitate the daily completion of data and item processing functions related to loan boarding and servicing. Essential Job Functions:

• Review loan boarding documents and accurately input borrower information, loan terms, and all other pertinent information into a variety of loan systems
• Create and maintain a tickler system for each loan ensuring proper tracking and follow up on items such as collateral insurance, recorded documents, covenants, financial reporting requirements and UCC filings
• Monitor reporting of property tax delinquencies and provide relevant information to the Portfolio Managers
• Receive and process loan payments and advances
• Process loan maintenance changes by updating the loan system file
• Process construction draws and the construction interest reserve
• Process loan payoffs, reconveyances and participation payments
• Perform daily call back of new loan information and processed payments to ensure accuracy
• Review reports and certifications (variance, exceptions, etc.) and make necessary corrections; Research and resolve problems
• Monitor and balance assigned general ledger and clearing accounts; Research out of balance conditions; Input appropriate changes in loan system
• Print billing notices, statements, past due notices and send to borrowers
• Respond to Company's inquiries concerning their loan customers as it relates to lost payments, incorrect payment postings, payoff figures, bill discrepancies, etc.
• Immediately report any suspicious IT activities to IT Security and/or CIO; Bring any other suspicious activities to the attention of a supervisor
• Follow all Company policies and procedures to ensure compliance with all laws and regulations
  
  

Requirements

• A High School diploma/GED is required; Two years of college and an Associate degree is preferred
• A Minimum of 3 years of experience in a loan processing environment of a financial institution
• General knowledge of a variety of loan processing systems
• Good knowledge of a variety of loan structures and document formats
• General knowledge of bank and loan compliance and legal documentation
• Understand and adhere to regulatory guidelines including, but not limited to FCRA, BSA, GLBA, etc. as the regulations pertain to the employee's job function
• Strong client service skills
• Strong interpersonal, verbal and written communication skills required to effectively interact with clients and all levels of Company staff
• Excellent organizational and time management skills
• Proficient with MS Office (Word, Excel, Outlook)
• Ability to understand basic math calculations
• Fiserv Precision experience is preferred
• Residential Loan experience accepted
• Parking Reimbursement: Up to $280/month
  
  

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

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