Loan Operations & Compliance Specialist

Massachusetts Institute of Technology; Cambridge (MA); On-site; USD 55,000 - 75,000; Full time

Job summary

MIT FCU is seeking a Loan Administration Specialist to support nationwide real estate and consumer loan portfolios. The role focuses on protecting collateral interests, maintaining records, administering escrow/insurance requirements, and ensuring post-closing quality assurance while addressing member servicing needs.

The position requires attention to regulatory guidelines and deadlines, with prior banking operations experience strongly preferred and a path toward deeper involvement in loan

Qualifications

• Three+ years in banking or credit union operations.
• At least two years in loan servicing or related function.
• High school diploma or equivalent required.

Responsibilities

• Protect collateral interests and maintain accurate loan and investor records.
• Administer escrow and insurance requirements.
• Complete post-closing quality assurance with accuracy and timeliness.
• Resolve member servicing needs in accordance with regulatory and MIT FCU requirements.

Skills

Banking operations

Loan servicing

Regulatory compliance

Attention to detail

Education

High school diploma or equivalent

Business/Finance degree (preferred)

Tools

Fiserv DNA core

Job description

MIT FCU is seeking a Loan Administration Specialist to support nationwide real estate and consumer loan portfolios. The role focuses on protecting collateral interests, maintaining records, administering escrow/insurance requirements, and ensuring post-closing quality assurance while addressing member servicing needs.

The position requires attention to regulatory guidelines and deadlines, with prior banking operations experience strongly preferred and a path toward deeper involvement in loan