Loan Servicer
Banking
Milan, IL
20.00-24.00
Contract to Perm
Loan Servicer
Shift:
1
st
shift
Location:
Milan,
IL
Compensation:
$2
0
–$2
4
/
hr
based on experience
Sedona Staffing is recruiting
a
Loan Servicer
for a local
financial institution
. The
Loan Servicer
will
manag
e
loan documentation, ensu
re
compliance with regulatory requirements, and maintai
n
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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