Loan Servicing Specialist

Blackhawk Bank & Trust; Milan (IL); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Paid vacation

Paid holidays

Life insurance

Medical insurance

Profit-sharing plan

Job summary

Blackhawk Bank & Trust is seeking a detail-oriented Loan Servicer to manage loan documentation and regulatory compliance throughout the loan lifecycle. You will coordinate with lenders, handle insurance policies, and resolve collateral exceptions to support efficient loan servicing.

The role requires strong organizational and communication skills, and the ability to work independently within a team. Prior experience in loan servicing is preferred, with proficiency in Excel/Outlook/Word.

Qualifications

• Previous experience in loan servicing, loan documentation, or a related field is preferred.
• Familiarity with regulatory requirements and compliance standards in the lending industry is beneficial.
• Basic computer skills, including proficiency with Excel, Outlook, Word, and other relevant software.

Responsibilities

• Prepare and send documents to relevant parties for official recording, ensuring accuracy and completeness.
• Manage the Attorney Payout spreadsheet from the Monthly New Note Audit report, ensuring all entries are accurate and up to date.
• Manage pending reports by resolving collateral exceptions for all outstanding items, ensuring timely resolution.
• Review returned exceptions for accuracy and notify the lender upon receipt, facilitating prompt corrective actions.
• Assess and validate files for accuracy and completeness, ensuring all documentation meets regulatory standards.
• Manage hazard/flood insurance renewal policies, cancellations, and appropriate coverage to ensure compliance with lending requirements.
• Submit forms to HUB for waiving insurance, change of collateral, loan rewrite, corrections, adding collateral, etc., ensuring all changes are properly documented and processed.
• Manage partial releases and payoffs, ensuring all transactions are accurately recorded and processed.
• Manage all paid note statements, ensuring they are sent to customers promptly and accurately.
• Send paid Note, Security Agreements, Guarantees, Mortgage, and titles to customers, ensuring all documents are complete and accurate.
• Reach out to lenders on UCC expirations, ensuring timely renewals and compliance with regulatory requirements.
• All other duties as assigned.

Skills

Organizational skills

Attention to detail

Team collaboration

Prioritization

Communication skills

Job description

Blackhawk Bank & Trust is seeking a detail-oriented Loan Servicer to manage loan documentation and regulatory compliance throughout the loan lifecycle. You will coordinate with lenders, handle insurance policies, and resolve collateral exceptions to support efficient loan servicing.

The role requires strong organizational and communication skills, and the ability to work independently within a team. Prior experience in loan servicing is preferred, with proficiency in Excel/Outlook/Word.