Loan Servicing Specialist

Minnwest Bank; Sioux Falls (SD); On-site; USD 43,000 - 52,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401(k) with Employer Match

ESOP

Paid Holidays

Paid Vacation

Parental Leave

Disability Insurance

Life Insurance

Tuition Reimbursement

Employee Assistance Program (EAP)

Paid Time Off to Volunteer

Job summary

Minnwest Bank in Sioux Falls, SD, is seeking a detail-oriented Clerical/Administrative support role to assist retail lending and mortgage staff. You will handle confidential correspondence and help with operations, ensuring accurate processing of loan data and timely reporting.

The position requires a high school diploma (GED accepted) and at least 1 year of loan servicing experience, with a focus on accuracy and organizational skills.

Qualifications

• High school diploma or GED required.
• 1 year of loan servicing experience required.
• Meticulous attention to detail and ability to minimize errors.

Responsibilities

• Input Secondary Market Loan participation loans on Core system.
• Perform daily Secondary Market transactions and reporting.
• Respond to Mortgage questions via phone and email.
• Assist with escrow analysis and release of taxes/insurance.
• Review loan documents for accurate core system updates.
• Support required data gathering, audits, and reporting.

Skills

Attention to detail

Organizational skills

Communication

Time management

Education

High school diploma or GED

Tools

Navigator

Job description

About Minnwest:

Minnwest is a family owned, community bank based in Minnesota and South Dakota. We believe our success is measured by the extent in which we have a positive impact on the communities we serve. We are committed to building strong, vibrant communities through our core values:

• The customer is the first priority.
• We will keep all of the commitments we make.
• We are the people who get things done.
• We will work together as a team.

Job Summary:

This position is responsible for providing clerical and administrative duties to support the retail lending and mortgage staff of Minnwest while working closely with the consumer loan operations team. Handles correspondence and research of a confidential nature.

Duties and Responsibilities (including but not limited to):

• Input Secondary Market Loan participation loans on Core system.
• Secondary Market Loan daily transactions and reporting.
• Answer and respond to phone calls and emails regarding Mortgage questions and requests.
• Mortgage Collection Process and Secondary Market Loan Collection Reporting. Including Send out demand letters, contact legal counsel for past due customers.
• Secondary Market monthly balancing.
• Responsible for reviewing Loan documents to ensure that newly closed loans are accurately updated in our core system.
• Monitor and maintain Loan ticklers.
• Support escrow analysis and release of insurance and real estate taxes. Review past due escrow taxes and insurance for real estate.
• Support flood ticklers and forced place insurance process.
• Backup the preparation of subordinations and satisfactions along with paid note process.
• Assist with any required data gathering, reporting, audit assignments as needed.
• Perform other duties as assigned.

Minimum Requirements:

• High school diploma or equivalent (GED)
• 1 year of loan servicing experience
• Dependability, ability to organize and prioritize
• Meticulous attention to detail
• Ability to achieve minimal error rates

Preferred Qualifications:

• 2 years of loan servicing or loan operations experience
• Systems familiarity: Navigator
• Secondary market loan experience
• Reporting experience with Fannie and Freddie

Schedule:

Monday - Friday: 8:00 a.m. - 5:00 p.m.

Workplace Environment:

• Requires face-to-face interaction and coordination of work with other employees and departments, and in-person interaction.
• Working at a computer and utilizing a telephone
• Occasionally lifting up to 50lbs

Pay Range:

$20.70 - $25.20/hour

Minnwest Benefits:

In addition to salary, Minnwest Bank offers a comprehensive benefits package, including incentive and recognition programs. Minnwest Bank is focused on taking care of our employees and their families, and supporting their health and financial well-being, including:

• Comprehensive Medical, Vision and Dental Insurance
• Retirement savings including 401(k) with Employer Match and Employee Stock Ownership Plan (ESOP)
• Paid Holidays and Competitive Paid Vacation Days
• Paid Parental Leave
• Short- and Long-Term Disability
• Life, Critical Illness, and Accidental Insurance
• Tuition Reimbursement and Career Development Opportunities
• Employee Assistance Program (EAP)
• Paid Time Off to volunteer in your community
• Opportunities to connect with others through our diversity and inclusion focused Employee Resource Group

A full background check, including federal, state, county, and civil, and general financial credit check will be conducted on the final candidate for this position. Candidate must pass the background check and financial credit check in order to obtain employment with Minnwest. Failure to meet any of the requirements may result in a rescission of your offer of employment.

EEO: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.