Senior Loan Servicing & Payments Specialist

Northeast Bank; Boston (MA); On-site; USD 41,328 - 57,859; Full time

Job summary

Northeast Bank in Boston, MA seeks a Sr Loan Servicing Associate-Payment Processing to accurately process all incoming payments and back up SBA/Investor Loan Servicing. The role offers exposure to diverse functions within Loan Servicing and requires strong attention to detail and compliance.

Responsibilities include handling wire requests, processing loan payments, and assisting with investor reporting, plus ongoing adherence to procedures and regulatory exams.

Qualifications

• Ability to maintain confidentiality.
• Knowledge of SBA Servicing Requirements.
• Excellent organizational and communication skills.
• Ability to perform financial calculations.
• Ability to handle multiple tasks with priorities.
• 5 years of banking experience preferred.

Responsibilities

• Process all loan payments and ensure proper application.
• Manage incoming wire mailbox and respond per protocol.
• Handle payoffs and approvals.
• Process returns of ACH and checks.
• Facilitate monthly waterfall payments.
• Assist with SBA reporting and investor remittance.
• Provide backup support for 1502 Colson Report.
• Cross-functional support within Loan Servicing.

Skills

Confidentiality

SBA Servicing

Organizational skills

Communication

Math calculations

Multi-tasking

Banking experience

Attention to detail

Job description

Northeast Bank in Boston, MA seeks a Sr Loan Servicing Associate-Payment Processing to accurately process all incoming payments and back up SBA/Investor Loan Servicing. The role offers exposure to diverse functions within Loan Servicing and requires strong attention to detail and compliance.

Responsibilities include handling wire requests, processing loan payments, and assisting with investor reporting, plus ongoing adherence to procedures and regulatory exams.