What are the responsibilities and job description for the Loan Servicing Specialist position at Naveo Credit Union?
Description
Job Title
Loan Servicing Specialist
Reports To
AVP, Loan Servicing
About Us
Naveo is a not-for-profit financial institution (with locations in Somerville and Cambridge) focused on serving our members as partners, guiding them towards their financial goals. We embrace their personalities, cultures, and ambitions, tailoring our services to fit their needs and creating a financial plan that matches up with their current and future goals. At Naveo, it's your journey.
About The Role
Responsibilities include
Education/Experience
Pay within the range posted will be commensurate with the applicant's experience and qualifications for the role. $21.00 - $25.00/hr.
Have some of the above skills or qualifications, but not others? Contact us and let us know why you think you'd be a fit.
More About Us
Our team is made up of experienced and dedicated employees seeking to make an impact in the communities we serve by supporting our local economy, small businesses and community organizations. Interested in bringing value to our members and neighbors? Seeking to develop your skills? You might be a fit for one of our openings.
Naveo Credit Union, formerly Cambridge Portuguese Credit Union, was incorporated in 1928 by members of the Portuguese-American community as a place for their community to grow their savings with confidence and borrow money at low rates. In 2014, we changed our name to Naveo Credit Union to complement the changing demographics of the area -- we welcome everyone in the community to become a member. We are socially responsible, supporting local non-profit organizations that serve our membership.
Naveo is an equal opportunity employer that values diversity. We do not discriminate based on perceived or actual race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, or status as an individual with a disability. Naveo is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment and activities.
Job Title
Loan Servicing Specialist
Reports To
AVP, Loan Servicing
About Us
Naveo is a not-for-profit financial institution (with locations in Somerville and Cambridge) focused on serving our members as partners, guiding them towards their financial goals. We embrace their personalities, cultures, and ambitions, tailoring our services to fit their needs and creating a financial plan that matches up with their current and future goals. At Naveo, it's your journey.
About The Role
Responsibilities include
- Input new loans from Encompass into loan service systems, establishes complete digital and physical files and accurate records.
- Maintains current and accurate daily loan reports (loan maintenance and payoff reports) from COCC Synergy.
- Responds to member inquiries, resolves problems, and escalates any problem or concerns to management.
- Handles Automated Credit Dispute Verifications (ACDV) in compliance with Fair Credit Reporting Act (FCRA) responses through E-Oscar system.
- Acts as liaison between Collateral Protection Provider and CU to ensure proper insurance coverage as required.
- Ensure timely follow-up of lien perfection at Registry of Motor Vehicles (RMV) or Registry of Deeds using Vintek.
- Processes Consumer, Mortgage and Commercial paid loans and the release of all documents.
- Maintain vendor relationships and reporting for State National vendor.
- Processes escrow disbursements (Real Estate Taxes, Insurance, PMI, etc.)
- Reviews real estate delinquency reports and resolves delinquencies.
- Prepares all investor loan and sold participation loan reports monthly.
- Prepares necessary discharge documents in a timely fashion for paid-in-full loans.
- Prepares monthly credit committee reports package such as monthly list of new loans, credit quality, portfolio breakdown, etc.
- Reviews daily reports and daily general ledgers for any discrepancies in loan reporting or loan booking transactions.
- Reviews loan denials and withdrawals for completeness and accuracy to report in the monthly credit committee package.
- Retains a working knowledge of all credit union services and support tools relative to the lending area.
Education/Experience
- Associates degree preferred.
- Minimum of 2 years related experience and/or training.
- Excel/PowerPoint proficient.
- Portuguese and/or Spanish language skills preferred.
Pay within the range posted will be commensurate with the applicant's experience and qualifications for the role. $21.00 - $25.00/hr.
Have some of the above skills or qualifications, but not others? Contact us and let us know why you think you'd be a fit.
More About Us
Our team is made up of experienced and dedicated employees seeking to make an impact in the communities we serve by supporting our local economy, small businesses and community organizations. Interested in bringing value to our members and neighbors? Seeking to develop your skills? You might be a fit for one of our openings.
Naveo Credit Union, formerly Cambridge Portuguese Credit Union, was incorporated in 1928 by members of the Portuguese-American community as a place for their community to grow their savings with confidence and borrow money at low rates. In 2014, we changed our name to Naveo Credit Union to complement the changing demographics of the area -- we welcome everyone in the community to become a member. We are socially responsible, supporting local non-profit organizations that serve our membership.
Naveo is an equal opportunity employer that values diversity. We do not discriminate based on perceived or actual race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, or status as an individual with a disability. Naveo is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment and activities.
Salary : $21 - $25