Loan Servicing & Documentation Specialist

Magyar Bank; New Brunswick (NJ); On-site; USD 51,000 - 67,000; Full time

Job summary

Magyar Bank in Central New Jersey is seeking a Loan Administration Specialist to join our Loan Administration team. You will submit collateral documents for recording, track insurance and PMI, and perform clerical duties related to loan administration.

The role emphasizes accuracy, customer service, and the ability to handle multiple tasks in a fast-paced environment as you support residential and commercial loan portfolios.

Qualifications

• Minimum of high school diploma or equivalent; some college preferred.
• At least 2 years of loan servicing experience.
• Strong customer service skills.
• Detail oriented with excellent verbal and written communication.
• Ability to multitask in a fast-paced environment.
• Computer literate; MS Office Suite and loan tracking systems.
• Ability to work independently.

Responsibilities

• Submit collateral documents for recording and track them in a spreadsheet.
• Run weekly/monthly reports on mortgage cancellations and closed loans.
• Process overpayments and clear suspense items.
• Maintain insurance information and track carrier status.
• Notify carriers/agents when loan is paid and remove Magyar Bank as mortgagee.
• Track flood insurance and pay premiums.
• Prepare and mail annual homeowner and private mortgage insurance notifications.
• Resolve disputes within 30 days and maintain compliance.
• Cross train with other Loan Administration roles.

Skills

Customer service

Attention to detail

Verbal and written communication

Multitasking

Independent work

Education

High school diploma or equivalent

Some college

Tools

MS Office Suite

Loan tracking systems

Job description

Magyar Bank in Central New Jersey is seeking a Loan Administration Specialist to join our Loan Administration team. You will submit collateral documents for recording, track insurance and PMI, and perform clerical duties related to loan administration.

The role emphasizes accuracy, customer service, and the ability to handle multiple tasks in a fast-paced environment as you support residential and commercial loan portfolios.