Commercial Loan Servicing Specialist
About this role
At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business.
Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, hybrid schedule after initial onboarding has been completed, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community!
2. Process payment corrections, payment posting, non-accrual, charge-off processing, lockbox payment exception items, non-posted loan transactions, and fee assessment on all loan types.
3. Performs all functions related to adjustments including but not limited to daily report monitoring, validating payment calculations, rate changes and effective dates.
4. Process loan payoff funds received as needed.
5. Process daily rate index updates on core processing system.
6. Executes research and assists with responses to the Legal and Audit Department requests for subpoena documentation.
7. Responsible for completing research as needed of loan images or files for internal and external requests- work directly with customers and other departments or branches to research items of various complexities while bringing situations to a successful and timely resolution.
8. Review various daily LAS reports and clear exception items daily.
9. Assists in the monitoring and the reconciling of the daily proof and general ledger accounts of the department.
10. Assists the Commercial Loan Operations Support Supervisor in the compilation of data for regulatory compliance and monthly and quarterly auditing as needed.
11. Assists in coaching the team to meet and exceed service levels, ensures operational excellence, and creates an exceptional customer experience.
12. Assists in ensuring department procedures are current and updated as needed to ensure accuracy.
13. Scans completed checklists and various work to archival system.
14. Responsible for providing support to various departments and retail branch locations such as the Customer Care Center, Commercial Loan Post Closing/Booking Teams, Small Business Lending, Commercial Lending Teams, Special Asset Department, Deposit Operations, Auditors, etc.
15. Understands the compliance requirements for Loan Operations to ensure files are maintained in accordance with regulations.
16. Assists with conversions, mergers, and other special projects.
Strong verbal, written, communication and interpersonal skills.
Detail-oriented and organizational skills.
Ability to manage various assignments simultaneously and meet required deadlines.
Ability to perform research and resolve problems.
Computer proficiency in Bank systems, MS Office Suite, and loan operation programs.
* Strong analytical ability with superior aptitude for figures.
Your Qualifications
High School Diploma or equivalent required.
1-3 years loan servicing or loan operations experience strongly preferred.
Internal customer service including but not limited to Commercial Loan Post Closing, Small Business Lending, Commercial Lending Team, Special Asset Department, Deposit Operations, Auditors, etc.
External customer service including Fiserv, External Council, title companies, auditors, etc. as needed.
Office environment. Ability to operate a computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.
Company at a glance
Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford Inc.
Our strategy is to invest primarily in full-service luxury hotels and resorts which are anticipated to generate RevPAR of at least twice the current U.S. average RevPAR for all hotels as determined by Smith Travel Research. We will seek to acquire both premium branded and independent hotels.
Follow Chairman Monty Bennett on Twitter @MBennettAshford
Top Benefits
- On-site fitness facility
- Hybrid schedule
- Employee perks & discount programs
- Tuition assistance
- Incentive compensation program
- Professional development opportunities
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