Loan Administration Specialist

Massachusetts Institute of Technology; Cambridge (MA); Hybrid; USD 34,000 - 47,000; Full time

Job summary

Massachusetts Institute of Technology is seeking a Loan Administration Specialist to support nationwide real estate and consumer loan portfolios, protect collateral interests, and maintain accurate loan and investor records.

The role administers escrow and insurance requirements, completes post-closing QA, and resolves member servicing needs while meeting regulatory, investor, and MIT FCU deadlines.

Qualifications

• Minimum of three years of banking or credit union operations experience.
• At least two years in loan servicing or lending preferred.
• High school diploma or equivalent; associate/bachelor's preferred.

Responsibilities

• Protect collateral interests and maintain loan/investor records.
• Administer escrow and insurance requirements; post-closing QA.
• Resolve member servicing needs and meet deadlines/regulations.

Skills

Banking operations

Loan servicing

Education

High school diploma or equivalent

Associate or bachelor's degree in business/Finance

Tools

Fiserv DNA core system

Job description

Loan Administration Specialist Job Number: 26117 Functional Area: Credit Union Department: Credit Union School Area: Credit Union Pay Range Minimum: $24.76 Pay Range Maximum: $34.20 Employment Type: Full-time (Hybrid) Employment Category: Non-Exempt Visa Sponsorship Available: No Schedule: Hybrid Pay Grade: 5

Posting Description

LOAN ADMINISTRATION SPECIALIST, Credit Union, services nationwide real estate and consumer loan portfolios by protecting collateral interests, maintaining accurate loan and investor records, administering escrow and insurance requirements, completing post-closing quality assurance, and resolving member servicing needs. The Specialist performs these responsibilities accurately and within applicable regulatory, investor, vendor, and MIT FCU requirements and established deadlines.

Job Requirements

REQUIRED: A minimum of three years of experience in banking or credit union operations, including at least two years of experience in loan servicing, lending, or a closely related function preferred; and High school diploma or equivalent. PREFERRED: Associate or bachelor's degree in business, Finance, or related field; or experience with Fiserv DNA core system.