Loan Administration Specialist

MIT-Federal-Credit-Unio; Lexington (MA); On-site; USD 60,000 - 80,000; Full time

Job summary

MIT FCU is seeking a Loan Administration Specialist to support nationwide real estate and consumer loan portfolios, protecting collateral interests, maintaining accurate records, and administering escrow and insurance requirements. The role requires 3+ years in banking or credit union operations, with at least 2 years in loan servicing and familiarity with regulatory and investor requirements.

A high school diploma is required; an associate or bachelor’s degree in business or finance is

Qualifications

• 3+ years of experience in banking or credit union operations.
• At least 2 years of experience in loan servicing or related function preferred.
• Experience with Fiserv DNA core system preferred.
• High school diploma or equivalent required; associate or bachelor’s degree preferred.

Responsibilities

• Service nationwide real estate and consumer loan portfolios.
• Protect collateral interests and maintain accurate loan and investor records.
• Administer escrow and insurance requirements.
• Complete post-closing quality assurance processes.
• Resolve member servicing needs in a timely manner.

Skills

Loan servicing

Banking operations

Regulatory compliance

Education

High school diploma

Associate or Bachelor’s degree in Business/Finance

Tools

Fiserv DNA core system

Job description

Position Summary:

The Loan Administration Specialist 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: Minimum of three (3) years of experience in banking or credit union operations required, including at least two (2) years of experience in loan servicing, lending, or a closely related function preferred. Experience with Fiserv DNA core system preferred. High school diploma or equivalent required. Associate or bachelor’s degree in business, Finance, or related field preferred.

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