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.
