Loan Operations Specialist – Chicago, IL – Job # 2292

The Symicor Group; Chicago (IL); On-site; USD 60,000 - 85,000; Full time

Job summary

A prestigious banking client is seeking a Loan Operations Specialist in Chicago, IL. The role involves managing escrow payments, loan system accuracy, and customer inquiries. Ideal candidates will have at least five years of experience in commercial loan operations along with strong computer skills, making this a pivotal position in supporting banking operations.

Qualifications

• At least five years of commercial loan operations experience.
• Experience with Fiserv systems is a plus.
• Strong computer skills, especially with Microsoft Office.

Responsibilities

• Handle real estate tax and insurance escrow payments.
• Process and service loan payments and disbursements.
• Perform Home Mortgage Disclosure Act reporting.

Skills

Commercial loan operations experience

Customer information knowledge

Communication skills

Numerical aptitude

Strong computer skills

Tools

Fiserv loan systems

Microsoft Office

Job description

Loan Operations Specialist – Chicago, IL – Job # 2292

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL, and Rockport, TX. Our unique value proposition centers around providing the best available banking and accounting talent, with many of our recruiters being former bankers or accountants.

We excel at evaluating top banking and accounting talent in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill a key position, The Symicor Group is ready to deliver premium results.

The Position

Our banking client in Chicago, IL, is seeking a Loan Operations Specialist. The candidate will handle real estate tax and insurance escrow payments, loan collateral system management, verifying daily loan system accuracy, daily reconciliations, regulatory reporting, processing loan payments, and customer inquiries.

Responsibilities include:

• Loan boarding, payoffs, denials, modifications, subordinations, tickler updates, insurance reconciliations, and collateral vault maintenance.
• Loan boarding and quality control in the core system.
• Flood insurance compliance.
• Research and resolve payment issues and discrepancies.
• Document scanning, filing, and system maintenance.
• Verify data accuracy in the loan system.
• Review daily loan reconciliation processes.
• Process and service loan payments and disbursements.
• Process Construction Draws.
• Maintain loan system as needed.
• Assist with other Loan Operations functions.
• Process Paid Loan Files.
• Perform Home Mortgage Disclosure Act reporting.
• Maintain real estate tax escrow database and coordinate payments.
• Document operational procedures.
• Assist customers with inquiries.
• Support department initiatives and new product launches.
• Generate reports as needed.
• Other duties as assigned.

Who Are You?

You seek to influence your development and pursue your passions. Your job title is a starting point for your future.

Skills and experience include:

• At least five years of commercial loan operations experience.
• Experience with Fiserv loan systems is a plus, especially in loan origination, modification, disbursement, and tax escrow processing.
• Knowledge of customer information and Home Mortgage Disclosure Act reporting.
• Strong computer skills, especially with Microsoft Office.
• Excellent communication skills and good numerical aptitude.

To apply, email your current resume and the position you are considering to us.