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    Senior Loan Servicing Associate - South Burlington, United States - New England Federal Credit Union

    New England Federal Credit Union
    New England Federal Credit Union South Burlington, United States

    2 weeks ago

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    Job Description

    Job Description

    We are hiring for a Senior Loan Servicing Associate This team member will be a part of the New England Federal Credit Union Business Loan Servicing department. The Senior Loan Servicing Associate carries out the duties related to maintenance and servicing of multiple types of loan records of basic and more higher-level tasks and processes. Follows established procedures as they apply to servicing loans including the processing of loan documents, preparing reports, letters and notices to members, processing requests, emails, facsimiles and phone calls to assist members with a wide variety of concerns and general and more complex servicing of their loans. Provides the highest level of quality member service while acting as a resource for others in the department and throughout the organization. Provides servicing of loan products post loan origination/closing.

    Specific duties include:

    • Service loans within the loan portfolio, including loan system setup/review for integrity of key loan data fields, processing of member requests for loan transactions, loan payoff requests, disbursements, billing/statements, loan research and maintenance via all NEFCU channels. Take action on requests, workflows, and emails. Create/update procedures. Reduce risk to the Credit Union by ensuring member satisfaction. Responsible for loan report reviews, performing system maintenance and ensuring system data integrity throughout loan portfolio including system quality control and verification processes.
    • Perform assigned loan servicing functions, some more complex and of higher levels, to include some or all of the following areas of responsibility: Training and development of staff, leader of department projects and functions, Escrow set-up, disbursements, escrow analysis, Credit bureau reporting and disputes, insurance plan servicing (collateral protection, debt protection, GAP, credit insurance), loan modification review, preparation and system updates, insurance claims, tracking to ensure perfected lien position, investor and participation reporting, remitting and reconciliation, discharges, releases and other loan servicing activities following general servicing standards and requirements. With support and direction from Managers and Supervisors, lead Loan Servicing Department initiatives, special projects, procedure and work


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