Loan Servicing Processor I

Bank of Utah; Ogden (UT); On-site; USD 40,000 - 56,000; Full time

Benefits offered by this job

Great work-life balance

Monday-Friday schedule

Medical, dental and vision plans

401(k) plan with match

Job summary

Bank of Utah in Ogden, UT seeks a Loan Servicing Processor I to provide customer service and servicing for commercial, SBA, and construction loans. You will input and maintain loans in the DNA Core system and support loan officers and assistants.

Responsibilities include processing payments, maintaining files, and handling escrow and draw procedures while meeting productivity expectations. High school diploma required.

Qualifications

• High School education completed.
• Basic understanding of debits and credits and loan documentation.
• Ability to work with minimal supervision and maintain productivity.

Responsibilities

• Books and verifies all loan types to DNA.
• Complete loan file maintenance and status changes.
• Provide customer service to commercial loan customers and drawings.
• Perform GL reconciliations as assigned.
• Process interest reserve payments on construction loans.
• Assist with investor reporting for SBA loans.

Skills

Typing 45 WPM

Productivity under supervision

Debits and credits understanding

Loan documentation knowledge

Education

High School Diploma

Job description

Thanks for your interest in applying to the Bank of Utah. My name is Thelma Fonger, and I work as AVP Loan Operations Team Lead. As an introduction to our company, the Bank of Utah was founded in 1952, and is one of Utah’s largest privately owned community banks. We were named S&P Global Top 20 Bank two years in a row and a Top 100 Fastest Growing Company.

Our Mission Statement

We strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.

Job Opening Details

If our mission statement piques your interest, we encourage you to apply for the currently open position of Loan Servicing Processor I to work Monday - Friday, 8 AM-5 PM, at our Ogden Branch located at 2605 Washinton Blvd, UT. This Loan Servicing Processor I provides customer service and servicing for commercial loan customers, commercial construction loan customers, and SBA loan customers. Serves as a resource to all Loan Officers and Loan Assistants. Processes or inputs all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, etc.) to the DNA Core system. Completes Loan File Maintenance, and services Commercial Construction Loans and escrows in the draw procedure. Processes loan payments.

Qualifications

• High School Education
• Typing 45 WPM
• Must be able to work at a high level of productivity with little supervision.
• Have a basic understanding of debits and credits
• Have a basic understanding of loan documentation

Regular Duties and Responsibilities

• Books and verifies all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, Loan Participations (serviced and sold), etc.) to DNA.
• Completes Loan File Maintenance and Status Changes as requested on DNA.
• Provide customer service to both commercial loan and construction loan customers. Answering questions regarding payments and draws.
• Performs various GL reconciliations as assigned by manager.
• Process interest reserve payments on commercial construction and development loans.
• Assists with investor reporting on SBA 7A's to Guidehouse, and all other miscellaneous bank participations. Remitting payments and requesting funds when loans appear on the note exceptions report and the posted transaction report
• Quotes and processes payoffs for sold SBA 7A loans.
• Process loan payments.
• Responsible to seek out and complete Training courses that are relevant to this job description, that will help them improve their knowledge, skills, and abilities.
• Other daily duties as assigned.

Benefits of Working with Us

Bank of Utah's comprehensive benefits package includes:

• Great work-life balance, with a Monday-Friday schedule
• Competitive pay and benefits, including medical, dental and vision plans
• 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
• 12 paid bank holidays + paid time off, including paid parental leave
• Volunteer opportunities to make a difference in the communities where you work and live
• Awards and recognition to celebrate you and your colleagues for living the bank's values

Compensation will be based on qualifications and experience.