Loan Servicing Coordinator II at Northwest Bank | Buffalo, NY, US | Rezi

Loan Servicing Coordinator II at Northwest Bank

Loan Servicing Coordinator II

Northwest Bank · Buffalo, NY, US

5 days ago

Loan Servicing Coordinator II

Northwest Bank · Buffalo, NY, US

5 days ago
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About the Role

Responsible for daily life of loan servicing for all small business and commercial loans, with occasional back-up support for the Small Business Loan Operations Management team. Requires strong time management, ability to meet deadlines under pressure, and exceptional customer service.

Responsibilities

  • Complete new loan set-up, funding, and post-closing review
  • Post loan transactions for all product types
  • Perform loan maintenance in the core system
  • Complete work to meet established service level agreements and benchmarks
  • Prepare and process payoff quotes and payoff transactions
  • Respond to customer inquiries with exemplary customer service
  • Process loan modifications
  • Review and quality check ARM Rate Notice Report, make adjustments, and send correspondence
  • Monitor and reconcile reports for Small Business and Commercial Loans, performing follow-up as necessary
  • Perform post-closing servicing functions and tracking for Small Business Administration (SBA) guaranteed loans
  • Ensure document and data integrity for CECL data points
  • Train new hires on servicing small business and commercial loans
  • Reconcile General Ledger accounts and perform daily balancing
  • Monitor collateral records
  • Ensure accurate lien position, including recording and releasing collateral within the established timeframe
  • Prepare applicable release documents
  • Establish and maintain loan collateral records in the core system
  • Process loan Line of Credit Renewals
  • Process the paid commercial loan report
  • Process all UCC continuations
  • Provide support for testing new products and services
  • Manage and distribute all servicing workflows and services
  • Gather Audit data requested by management
  • Validate year end reporting
  • Provide back-up support to Collateral and Origination areas
  • Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
  • Navigate Microsoft Office Software, computer applications, and department-specific software
  • Work as part of a team
  • Work with on-site equipment

Requirements

  • 3-5 years of customer service experience
  • 5-6 years of Commercial or Small Business loan experience
  • Knowledge of commercial and small business loan products, credit policy, compliance and interpretation of legal and regulatory issues
  • Knowledge of loan documentation including the ability to read, interpret and make judgements from the documentation
  • Knowledge of appropriate loan servicing support systems
  • Ability to work on multiple tasks without compromising quality
  • Ability to look for ways to help customers without introducing risk to the bank
  • Efficient communication, time management and organizational skills
  • Excellent written and verbal communication skills, including an ability to collaborate on solutions and provide feedback
  • Ability to assume leadership responsibilities

Skills

  • Microsoft Office Software
  • Computer applications
  • Department-specific software

Location

  • NY Region
  • Williamsport, PA

Work Type

  • On-site

Experience Level

  • 3-5 years customer service
  • 5-6 years Commercial or Small Business loan experience

Education Level

  • High School diploma or Associates degree

Salary/Compensations

  • $19 - $21 per hour

Benefits

  • Additional bonus earning opportunities
  • Benefits are also available

About the Company

  • Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.

Equal Opportunity

  • Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.