Loan Servicing Specialist

Polish National Credit Union

Posted 3 months ago

Full Time

Chicopee, Massachusetts

In Person

Smart Summary

Responsibilities

The specialist will support all assigned areas of the loan servicing department, including escrow management and secondary market loan servicing functions like remittance and reconciliation. Duties also involve performing system maintenance, processing daily transactions, and ensuring proper documentation through file reviews and audits.

Qualifications

We are looking for a Loan Servicing Specialist with one year of loan servicing/support experience, preferably within a credit union or financial institution. The ideal candidate should have strong organizational, time management, and problem-solving skills, as well as excellent communication abilities and proficiency in MS Office. COCC Insight system experience is a plus.

Job Description

Description

Polish National Credit Union stands strong as a full-service, member-owned credit union, offering a complete line of personal and business banking products and services. Since our inception in 1921, Polish National has grown to meet the needs of our communities. We proudly support the community through non-profit and educational initiatives. An important aspect of all positions at the credit union is to fulfill our mission: “To Grow Lasting Relationships to Improve People’s Lives.”

We are currently seeking a self-motivated, energetic individual to join our team. The ideal candidate will possess one year of loan servicing/support experience in a credit union or similar financial institution and be eager to make an impact with a strong, professional work ethic.

We are committed to providing fair and equitable compensation opportunities for all team members. We take pride in offering growth and professional development opportunities that support our employees’ continued success. Our compensation practices allow team members to progress through the salary range over time as they grow in their roles. The actual base pay offered will be determined based on factors including, but not limited to, a candidate’s skill, relevant experience, and work location.

Essential Duties and Responsibilities:

• Possesses adequate product knowledge, including required file documentation.

• Represent the credit union in a courteous and professional manner

• Provides support to all assigned areas of the department where service or assistance is needed, acts as backup for various loan servicing department positions and functions. This includes but is not limited to Escrow Management (Taxes, Insurance, Private Mortgage Insurance)

• Proficient in all areas of secondary market loan servicing, including but not limited to remittance and account reconciliation.

• Perform new account system maintenance, including but not limited to manual boarding of loans when necessary.

• Perform loan file post-closing review of new loan files to ensure proper documentation and execution has been obtained.

• Process daily transactions and member service.

• Assist with loan maintenance changes and weekly index changes.

• Payoff and discharge preparation and administration.

• Title Administration.

• Reviews and audits new loan set-up data to ensure the accuracy of each loan entered on the loan system.

• Promote Polish National Credit Union’s Core Purpose of “Growing Lasting Relationships to Improve People’s Lives” while demonstrating PNCU’s Core Values at all times.

• Responsible for compliance with all applicable federal and state regulations, as well as credit union policies and procedures.

• Responsible for completion of all required compliance training, as well as completion of ongoing compliance training, which may be assigned throughout the year.

• Abide by all federal, state, and local laws including but not limited to: The Bank Secrecy Act, including the Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN); Uniform Commercial Code (UCC); Federal Reserve Bank; and National Credit Union Administration (NCUA).

• Perform additional duties as assigned

Benefits:

Polish National Credit Union offers an attractive compensation and benefits package, including health, dental, vision, flexible spending accounts, generous 401(k) with employer match, Student Loan Repayment Program, and tuition assistance.

Equal Opportunity Employer

Our Credit Union is an equal opportunity employer. All applicants will be considered regardless of race, color, creed, religion, sex, sexual orientation, national origin, age, marital or veteran status, medical condition, disability, genetic information, or any other legally protected status. Equal access to the hiring process, services, and employment is available to all persons.

Requirements

• One year of similar or related experience in a loan servicing/support environment.

• A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or can be of a personal or sensitive nature

• Superior attention to detail

• Possess solid organizational, time management, and problem-solving skills

• Self-starter, self-reliant, and dependable, with the ability to work within and meet specific time constraints

• Experience with COCC Insight system preferred

• Proficiency in MS Office

• Results-oriented and able to prioritize multiple tasks

• Excellent written and verbal communication skills

Polish National Credit Union

As a member-owned, not-for-profit financial cooperative, Polish National Credit Union is committed to our members. We will uphold our fundamental responsibility to actively serve people within our field of membership, and as appropriate, the communities they live in. We will treat all members with respect and dignity and we will offer honest fair deals to all members. We will deliver a range of low cost products and services to the diverse economic and social make-up of our members and potential members. We will look for better ways to reach the under-served in our field of membership. In addition, we will continually, in all facets of operation, demonstrate the value of membership in our Credit Union. We will monitor and communicate our service in a meaningful way so that, members, potential members, legislators, regulators and the community at large will understand and appreciate the unique role that member-owned financial cooperatives play in their lives. In our Strategic Plan we will strive to enable our members to become financially self-sufficient and successful. We will provide consumer education and teach financial thrift. Our Mission Statement remains "Not for Profit, Not for Charity, But for Service" and our philosophy of "People Helping People."
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