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WestStar Bank
El Paso, TX | Full Time
$29k-37k (estimate)
6 Months Ago
Loan Servicing Specialist
WestStar Bank El Paso, TX
$29k-37k (estimate)
Full Time | Banking 6 Months Ago
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WestStar Bank is Hiring a Loan Servicing Specialist Near El Paso, TX

Summary

Perform a variety of duties to support the credit and loan operation; coordinate work within the department as well with other departments; interacting with and communicating information to credit management, commercial banking staff, accounting department and loan review; complying with operating policies and procedures established for loan operations.

Essential Functions

  • Process all loan advances, payments, pay-offs, fee waivers, and reversals.
  • Process daily transactions using the digital teller scanner; maintain record retention of items.
  • Responsible for posting payments, advances and balancing participation accounts.
  • Set up AFT and ACH requests.
  • Responsible for phone/email inquiries and pay-off quotes. 
  • Responsible for daily maintenance on loans such as closing out lines of credit.
  • Review and maintain daily billing statements.
  • Responsible for trouble-shooting loan history discrepancies and effectively escalating to management as necessary.
  • Responsible for processing written credit verifications.
  • Back-up and assist processing paid-outs.
  • Other duties and responsibilities as assigned.

Required Education, Experience, Skills

  • Minimum of 1 year of banking experience; prior experience in loan account servicing preferred.
  • Knowledge and experience with posting payments and advances.
  • Excellent verbal and written communication skills.
  • Excellent organizational and time management skills.
  • Must be detail oriented and able to work under pressure.
  • Proficient computer skills (Microsoft programs, Adobe, and browser based applications).

Equipment Used

  • Standard office equipment such as computers, phones and photocopiers

Supervisory Responsibility

  • N/A

Working Conditions/Physical Requirements

  • Office setting

WestStar is an Equal Opportunity Employer and does not discriminate on the basis of any protected trait, including gender, race, ethnicity, disability, or veteran status.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$29k-37k (estimate)

POST DATE

11/22/2023

EXPIRATION DATE

05/15/2024

WEBSITE

weststarbank.com

HEADQUARTERS

EL PASO, TX

SIZE

200 - 500

FOUNDED

1990

TYPE

Private

CEO

PAT MARTINEZ

REVENUE

$50M - $200M

INDUSTRY

Banking

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About WestStar Bank

WestStar Bank provides personal, business banking and insurance products to the individuals and business.

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The job skills required for Loan Servicing Specialist include Accounting, Written Communication, Time Management, ACH, Billing, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Servicing Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Servicing Specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Loan Servicing Specialist positions, which can be used as a reference in future career path planning. As a Loan Servicing Specialist, it can be promoted into senior positions as a Loan Servicing Clerk III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Servicing Specialist. You can explore the career advancement for a Loan Servicing Specialist below and select your interested title to get hiring information.

If you are interested in becoming a Loan Servicing Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Servicing Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Loan Servicing Specialist job description and responsibilities

Loan servicing specialist ensures all loan servicing disclosures are completely error free.

03/20/2022: Paramus, NJ

Loan servicing specialist executes quality control measures with respect to loan servicing.

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Reviews completed audit disbursement, loan reconciliation and reports.

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Loan servicing specialists are responsible for the processing and approval of new loan applications, and for managing existing loan accounts.

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Loan servicing specialists are responsible for the day-to-day management of mortgage, and other types of loans.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Loan Servicing Specialist jobs

Acquire a high school diploma, trainings, and certifications to be a loan servicing specialist.

04/16/2022: Miami, FL

Loan servicing specialists can earn certifications to gain more theoretical knowledge of their responsibilities and further their career advancement opportunities.

02/25/2022: Fort Smith, AR

Gain knowledgeable about prepayments, payoffs, adjustable rate loans, credit reporting, and lien perfection.

05/08/2022: Kansas City, KS

Maintain knowledge of available loan products, processing procedures, and underwriting.

05/05/2022: Albuquerque, NM

Obtain an understanding of underwriting loans to meet secondary market guidelines.

04/28/2022: Albany, GA

Step 3: View the best colleges and universities for Loan Servicing Specialist.

Florida Southern College
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