What are the responsibilities and job description for the Loan Administration Specialist position at MIT Federal Credit Union?
Position Summary:
The Loan Administration Specialist services nationwide real estate and consumer loan portfolios by protecting collateral interests, maintaining accurate loan and investor records, administering escrow and insurance requirements, completing post-closing quality assurance, and resolving member servicing needs. The Specialist performs these responsibilities accurately and within applicable regulatory, investor, vendor, and MIT FCU requirements and established deadlines.
Job Requirements:
Required: Minimum of three (3) years of experience in banking or credit union operations required, including at least two (2) years of experience in loan servicing, lending, or a closely related function preferred. Experience with Fiserv DNA core system preferred. High school diploma or equivalent required. Associate or bachelor’s degree in business, Finance, or related field preferred.
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