Loan Servicer

Shift: 1st shift

Location: Milan, IL

Compensation: $20–$24/hr based on experience

Sedona Staffing is recruiting a Loan Servicer for a local financial institution. The Loan Servicer will manage loan documentation, ensure compliance with regulatory requirements, and maintain accurate records throughout the loan lifecycle. This role involves coordinating with lenders, handling insurance policies, and resolving collateral exceptions. The Loan Servicer plays a crucial role in ensuring the smooth processing and servicing of loans, contributing to the overall efficiency of the lending department.

Responsibilities

• Prepare and send documents to relevant parties for official recording, ensuring accuracy and completeness.
• Manage the Attorney Payout spreadsheet from the Monthly New Note Audit report, ensuring all entries are accurate and up to date.
• Manage pending reports by resolving collateral exceptions for all outstanding items, ensuring timely resolution.
• Review returned exceptions for accuracy and notify the lender upon receipt, facilitating prompt corrective actions.
• Assess and validate files for accuracy and completeness, ensuring all documentation meets regulatory standards.
• Manage hazard/flood insurance renewal policies, cancellations, and appropriate coverage to ensure compliance with lending requirements.
• Submit forms to HUB for waiving insurance, change of collateral, loan rewrite, corrections, adding collateral, etc., ensuring all changes are properly documented and processed.
• Manage partial releases and payoffs, ensuring all transactions are accurately recorded and processed.
• Manage all paid note statements, ensuring they are sent to customers promptly and accurately.
• Send paid Note, Security Agreements, Guarantees, Mortgage, and titles to customers, ensuring all documents are complete and accurate.
• Reach out to lenders on UCC expirations, ensuring timely renewals and compliance with regulatory requirements.
• All other duties as assigned.

Qualifications:

• Previous experience in loan servicing, loan documentation, or a related field is preferred.
• Familiarity with regulatory requirements and compliance standards in the lending industry is beneficial.
• Basic computer skills, including proficiency with Excel, Outlook, Word, and other relevant software.
• Strong organizational skills to manage multiple tasks simultaneously and ensure high-impact tasks are completed first.
• Attention to detail to ensure accuracy in all documentation and transactions.
• Ability to work independently and as part of a team, demonstrating flexibility and adaptability in a dynamic work environment.
• Ability to prioritize workload effectively, ensuring all tasks are completed in a timely manner.
• Excellent communication skills, both verbal and written, to effectively interact with lenders and team members.

Sedona Staffing Benefits:
As a Sedona Staffing employee, you are eligible for the following benefits:

• Medical Insurance
• Vision and Dental Insurance
• Short-term Disability, Life and AD&D Insurance
• 401K Plans

If you have any additional questions, please give us a call at [309] 743-7000.

Sedona Staffing’s mission:
Our commitment is to create a quality environment where people can become more autonomous, self-reliant, and more competent. In this environment, they can specialize, hone their skills, and discover their distinctiveness.

Sedona is an Equal Opportunity Employer.

Sedona uses E-Verify to confirm the employment eligibility of all newly hired employees.

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Salary : $20 - $24