Loan Servicing Representative I (Specialty Lending) - Oak Ridge, NJ

Provident Bank; Jefferson Township (NJ); Sur place; USD 23 000 - 29 000; Plein temps

Avantages offerts par ce poste

Paid time off

Health and wellness benefits

401(k) retirement plan

Tuition/disbursement and loan-repay

Résumé du poste

Provident Bank in New Jersey is seeking an entry-level loan servicing professional to perform high-level maintenance, audit functions, and support commercial loan portfolios. You will handle funds application, escrow, and monthly billing while ensuring accuracy and meeting deadlines.

The role involves training staff, interacting with customers, and supporting various loan types across Horizon and ACBS systems.

Qualifications

• High school diploma or GED.
• 1–3 years of loan servicing or related processing experience.
• Interpretation of all loan documentation.
• Working knowledge of Horizon System, ACBS System, PC skills.
• Ability to create Excel spreadsheets and utilize formulas for creating bills and various reports.
• Take ownership of workflow with minimal supervision.
• Ability to multi-task.

Responsabilités

• Assist with managing commercial loan servicing activities and respond to borrower inquiries.
• Ensure deadlines are met for internal and external customers.
• Evaluate and resolve high-priority or complex issues through communication with customers.
• Set up borrower and financial information for new loan closings in Horizon and ACBS systems.
• Read loan documents and approvals to verify system accuracy.
• Track future interest rate adjustments and alert management of changes.
• Process loan modifications on the portfolio.
• Input and verify modified data approved by Credit Committee.
• Administer real estate tax escrow disbursement reports to prevent negative escrow transactions.
• Contact municipalities for clarification of amounts due and escrow discrepancies.
• Respond to borrower inquiries for escrow reconciliations.
• Handle monthly billing process for commercial accounts.
• Maintain quality control standards.
• Contact borrowers on returned mail items for address verification.
• Process monetary transactions including payments, fees, payoffs, and loan advances/pay-downs.
• Train new staff on bank policies and procedures.

Connaissances

Excel

Communication

Multitasking

Mathematics

Horizon System

ACBS System

PC skills

Formation

High School Diploma or GED

Outils

Horizon System

ACBS System

Microsoft Excel

Description du poste

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.

Position Overview

Under close supervision, this position is responsible for performing high-level maintenance and departmental audit functions on commercial loans, commercial real estate loans, construction loans, ready reserve and small business loans. This position is considered at the entry level. Incumbent performs complex routine and basic duties of the job.

Key Responsibilities

• Assists with managing various commercial loan servicing activities, including but not limited to application of funds, payment of real estate taxes and customer inquiries.
• Ensures that areas of responsibility meet required deadlines for both internal and external customers.
• Evaluates and resolves high priority or complex issues through communication and negotiation with customers.
• Is responsible for setting up all borrower and financial information for entire portfolio of new loan closings on the appropriate Horizon and ACBS systems.
• Reads and interprets loan documents and approvals for verification of system accuracy.
• Tracks all future interest rate adjustments and verifies accuracy of system-generated letters for compliance with loan documents. Alerts management of any upcoming changes where may need special attention.
• Processes all loan modifications, including extensions of maturity, interest rate adjustments, borrower transfers, etc on entire portfolio.
• Inputs and verifies that all modified data has been approved by Credit Committee and/or designated loan officer.
• Administers real estate tax escrow disbursement report for prevention of negative escrow transactions for all loans.
• Directly contacts local municipalities as needed for clarification of amounts due and resolving any discrepancies regarding borrower real estate tax payments made by The Provident Bank.
• Responds to all borrower inquiries for reconciliation of escrow transactions. Re-analyzes escrow accounts where deficiencies are noted.
• Handles entire monthly billing process, which includes assuring that all commercial account bills are generated and mailed to customers.
• Adheres to finest quality control standards.
• Contacts borrowers on returned mail items for address verification.
• Processes all monetary transactions including, monthly payments, fees, payoffs, construction and commercial line/loan advances and pay-downs and performs any corrections and adjustments as warranted.
• Trains new staff on Bank’s policies and procedures needed to perform their respective job function.
• Perform other duties as assigned by management.

Minimum Qualifications

• High school diploma or GED
• 1 - 3 years of loan servicing or related processing experience
• Interpretation of all loan documentation.
• Ability to exchange information clearly and concisely and to present ideas and report facts.
• Working knowledge of Horizon System, ACBS System, PC skills.
• Ability to create Excel Spread Sheet and utilize formulas for creating bills and various reports.
• Take ownership of workflow and resolve problems with minimal to no supervision.
• Ability to multi-tasking is imperative.
• Excellent communication and organizational skills.
• Strong mathematical background required.

Working Conditions

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Pay Details

$16.92 - $21.18 hourly

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.

This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.