Loan Servicing Specialist

The-First-National-Bank-in-Sioux-Falls; Sioux Falls (SD); On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

Health Insurance

Profit Sharing

Paid Vacation & Holidays

Company paid disability

Job summary

The First National Bank in Sioux Falls is seeking a Loan Servicing Specialist to support ongoing administration of the loan portfolio. You will handle loan payments, boarding, funding, and collateral files while ensuring data integrity and regulatory compliance across Commercial, Ag, Consumer, and Mortgage loans.

Join a team that values accuracy, customer service, and collaboration. The role emphasizes effective communication, attention to detail, and using industry systems to maintain high

Qualifications

• Experience in loan servicing and portfolio administration.
• Ability to process loan payments, disbursements, and boarding/funding.
• Strong focus on regulatory compliance and data integrity.

Responsibilities

• File, track, maintain, and release loan collateral to protect lien position and support servicing requirements across portfolios.
• Process loan payments, advances, wires, and other monetary transactions.
• Onboard loans from origination systems to the core platform using connectors.
• Respond to routine inquiries and escalate complex issues as needed.
• Support system updates and changes in procedures to improve accuracy and efficiency.

Skills

Verbal communication

Written communication

Attention to detail

Teamwork

Tools

LaserPro

MortgageBot

Fiserv Premier

AccuAccount

Vitu

Job description

Careers at The First National Bank in Sioux Falls

The Loan Servicing Specialist supports the ongoing administration and servicing of the Bank’s loan portfolio by ensuring loan accounts and collateral records are accurately maintained throughout the life of the loan. This role is responsible for processing loan payments and disbursements, boarding and funding loans, maintaining collateral files, and supporting insurance and filing fee activities. The position also responds to routine customer and internal inquiries, resolves straightforward servicing issues, and escalates more complex matters as needed. Working within established procedures, the Loan Servicing Specialist helps support operational accuracy, regulatory compliance, data integrity, and a positive customer experience across Commercial, Ag, Consumer, and Mortgage loan portfolios.

In addition, our FIRST Values apply to all teammates without exception.

FIRST Values

• Family – We support, trust, and respect each other, our customers, and our shareholders.
• Independence & Innovation – We embrace change as vital to our success.
• Relationships – We build relationships that are based on strong character, mutual loyalty, trust, and respect.
• Stewardship – We take care of ourselves so we can take care of others.
• Teamwork – We help each other grow and succeed.

Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 140 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us – it is the cornerstone of our success.

Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Accountabilities

Loan Collateral & Compliance Management

Ensure accurate filing, tracking, maintenance, and release of loan collateral to protect the Bank’s lien position and support regulatory and servicing requirement across Commercial, Ag, Consumer, and Mortgage portfolios.

• Follow established procedures to file UCC, title, and mortgage documents with the secretary of State and/or Register of Deeds via mail or online system (AccuAccount, Fiserv Premier and Vitu).
• Follow established procedures to release of loan Collateral such as UCC, title and mortgage using external and internal systems (Vitu, AccuAccount, and Fiserv Premier software).
• Arrange, administer, and maintain critical documents in vault.
• Monitor timely receipt of critical loan documents and file them appropriately. Identify missing and/or incorrect documentation in loan files and report issues through proper channels.
• Process homeowner insurance payments via Ascend, timely and with a high degree of accuracy.
• Responsibilities within this accountability may vary based on assigned focus and business needs.
• Onboard all consumer, commercial, Agricultural and mortgage loans from origination system (LaserPro and MortgageBot) to the core platform (Fiserv Premier) using the connector (ICC and Ground control).
• Process loan payments, advances, wires and additional monetary transactions.
• Responsibilities within this accountability may vary based on assigned focus and business needs.
• Participate in cross-functional training to support all areas within the Loan Operations team.
• Identify opportunities to improve loan documentation and review workflows by observing recurring issues, inefficiencies, or manual workarounds.
• Follow established procedures and controls consistently, and raise potential risks, gaps, or process breakdowns through appropriate escalation channels.
• Document errors, exceptions, or quality findings accurately to support trend identification and root - cause analysis.
• Apply updated procedures, job aids, and system enhancements as processes evolve.
• Provide feedback on tools, templates, and documentation standards to support accuracy and efficiency.
• Participate in testing and implementation of system updates (e.g., LaserPro Uploader, imaging, or core enhancements) to ensure process changes function as intended.
• Support change management by adopting new processes, tools, or controls and reinforcing consistent practices across the team.
• Goal-oriented and self-motivated. Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail.
• Demonstrate creativity and problem-solving skills. Solution-oriented.
• Ability to conduct relationships in a manner that ensures cooperation and positive results.
• Working knowledge of Microsoft Office programs and be able to learn job-related software
• Ability to adapt to the needs of the organization and teammates.

What’s in it for you?

• Health Insurance
• Profit Sharing
• Paid Vacation & Holidays
• Company paid short and long term disability