Loan Administration Specialist

MIT Federal Credit Union; Lexington (MA); On-site; USD 55,000 - 75,000; Full time

Job summary

MIT Federal Credit Union in Lexington, MA seeks a Loan Administration Specialist to service nationwide real estate and consumer loan portfolios, protect collateral interests, and maintain accurate loan records. You will administer escrow and insurance requirements and support post-closing quality assurance to ensure regulatory and investor compliance.

Required: at least three years in banking or credit union operations with two years in loan servicing. Fiserv DNA experience is preferred.

Qualifications

• Three years or more in banking or credit union operations.
• Two years in loan servicing or a closely 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 records.
• Administer escrow and insurance requirements.
• Complete post-closing quality assurance.
• Resolve member servicing needs and inquiries.
• Ensure compliance with regulatory, investor, and MIT FCU requirements.

Skills

Loan servicing

Banking operations

Regulatory compliance

Education

Associate or Bachelor’s degree in Business or 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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