Loan Administration Floater at First Commerce Bank

Job Description:

Latest job information from First Commerce Bank for the position of Loan Administration Floater. If the Loan Administration Floater vacancy in Lakewood matches your qualifications, please submit your latest application or CV directly through the updated Jobkos job portal.

Please note that applying for a job may not always be easy, as new candidates must meet certain qualifications and requirements set by the company. We hope the career opportunity at First Commerce Bank for the position of Loan Administration Floater below matches your qualifications.

Job Description

Job Description

Loan Administration Floater

Starting Salary: $44,000 (negotiable dependent upon experience)

Basic Qualifications

Education/Training: High School Diploma or equivalent with an emphasis in Business or Accounting curriculum.

Skill(s): Communicates clearly in English; proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communication skills; proficient organizational skills; working knowledge of loan operations, loan documents, insurance, tax escrow; proficient PC skills including Microsoft Office and ability to learn job-specific software; visual and auditory skills.

Experience: A minimum of two (2) years’ related experience required.

General Responsibilities

Responsible for performing various duties to support the loan administration teams including loan document reviews, scanning, insurance, construction and tax escrow support; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.

Essential Duties

Performs various duties to support the loan operations functions where assistance of which the following are illustrative:

• Remits payments for insurance and taxes from all escrow accounts in accordance with the defined regulatory timelines
• Update core system for insurance and taxes
• Ensures borrower has adequate insurance over lifetime of loan – from closing to payoff using tracking systems.
• Mail merge print and mail letters
• Sort incoming mail, add loan numbers & names with distribution to all departments.
• Maintaining excel sheets on workflow for each department assigned
• Upload new loan bookings to core system
• Processing of loan payments and late fees
• Prepares payoff letters
• Processing loan payoffs
• Record mortgages, assignments of rents and lease, and UCCs on various county websites

• Performs detailed post-closing review of closed loan packages verify tracking on FISERV for Insurance, Recorded mortgages, assignments of rent and lease, and UCCs.
• Scanning new loan and paid loan documents to the Director system
• Prepares mortgages and partial releases for loans that are paid off within 30 days of payoff; update logs.

Prepares paid off loan packages for borrowers.

• Reviews draw requests for completeness and accuracy.
• Retrieves documents and/or files as needed for Lending, Credit, and Loan Administration Departments.
• Assists with other loan operations duties as assigned.
• Coordinates specific work tasks with other personnel within the department as well as with other departments in order to ensure the smooth and efficient flow of information.
• Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements.
• Reports pertinent information to the immediate supervisor as requested, or according to an established schedule; compiles information as necessary or as directed and provides data to appropriate Bank personnel.
• Responds to inquiries relating to his/her particular area, or to requests from customers, other Bank personnel, etc., within given time frames and within established policy.

Ancillary Duties:

1. Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

Job Location

All levels

1700 Avenue of the States - Suite 301 | Lakewood, NJ 08701

Equipment/Machines

1. Telephone
2. Calculator
3. PC/Computer keyboard
4. Printer
5. Fax machine/Copy Machine/Scanner

Job Info:

• Company: First Commerce Bank
• Position: Loan Administration Floater
• Work Location: Lakewood
• Country: US

How to Submit an Application:

After reading and understanding the criteria and minimum qualification requirements explained in the job information Loan Administration Floater at the office Lakewood above, immediately complete the job application files such as a job application letter, CV, photocopy of diploma, transcript, and other supplements as explained above. Submit via the Next Page link below.