Loan Servicer

Teachers Federal Credit Union; Hauppauge (NY); On-site; USD 53,000 - 63,000; Full time

Benefits offered by this job

Annual bonus program

Paid time off

401(k) company contribution

Dental & Vision premium coverage

Tuition reimbursement

Loan rate discounts

Job summary

Teachers Federal Credit Union in Hauppauge, NY, is seeking a Mortgage Servicing Specialist to perform routine loan servicing tasks, verify documents, and calculate distributions.

You will handle member calls, prepare payoff statements, track liens and escrow, and ensure timely postings and reporting in a compliance-focused environment.

Qualifications

• High school diploma or GED is required.
• Minimum one year mortgage servicing, loan servicing or lending experience.

Responsibilities

• Receive calls from members, branches, or third parties about loan accounts and research concerns.
• Prepare payoff statements, ensure accurate posting and reporting of payoff funds, and file mortgage satisfactions per state and county guidelines.
• Track recorded mortgages and DMV liens to ensure recording.
• Post disability, credit life and GAP payments from CUNA Mutual Insurance to loan accounts.
• Process payments, disbursements, changes, and other transactions.
• Monitor escrow payments and delinquencies.
• Track insurance coverage to ensure it remains current.
• Assist members after insurance losses to ensure funds are disbursed to appropriate parties.
• Perform other duties as needed by supervisor.

Education

High school diploma or GED

Job description

Brief Description

Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.

Summary

Performs routine loan servicing administrative tasks, verifies the completeness and accuracy of documents, and performs calculations for distributions.

Education And/or Experience

• A high school education or GED required
• Minimum one year mortgage servicing, loan servicing or lending experience required

Job Responsibilities

• Receive calls from members, branches, call center and third parties regarding loan accounts and researches and responds to member complaints on their accounts
• Prepare payoff statements, ensure accurate posting and reporting of payoff funds received, prepare mortgage satisfactions in accordance with state and county guidelines to be forwarded to the appropriate parties, and ensure that liens are properly filed and released in a timely manner on mortgage, home equity, boat, recreational vehicles and auto loans
• Track receipt of recorded mortgages and DMV liens to ensure that they are recorded
• Post disability, credit life and GAP payments received from CUNA Mutual Insurance to loan accounts
• Process payments, disbursements, changes, and other transactions
• Monitor escrow payments and track delinquencies
• Track walls-in insurance to ensure that coverage is current
• Work with members when an insurance loss takes place to ensure loss proceeds are disbursed to appropriate parties and all work is completed
• Performs other duties as needed upon request by immediate supervisor

Benefits Of Joining The Teachers Team

We provide a competitive compensation and benefits package that includes, but is not limited to:

• This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives.
• Paid time off for vacation, personal days, and holidays
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $25.50 - $30.50/hr. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

Click here to view: California Privacy Notice