Loan Servicing Specialist II

Saved job description

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.  Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

The Loan Servicing Specialist II is responsible for a variety of activities to support Loan Servicing with a focus on financial activities.  The responsibilities for this role include but are not limited to; Loan Advances, Payment processing on more complex products, Escrow analysis and its disbursement, invoice processing and its G/L reconciliation.  Responsibilities also include reconciliation to General Ledger and end of day balancing. 

Responsibilities

Process all Loan Advances on simplex products ensuring proper authorization and commitment availability.

Process non-standard Loan Payments on various products.

Process Loan Demand Statements on simplex products ensuring all principal and interest are included and inclusive of all appropriate fees

Process Loan Payoffs on simplex products and closing of commitments.

Prepare Wire Instructions and input into the Wire System and/or Credit Funds to the borrower’s deposit account

Perform Escrow Analysis as required by state with appropriate refunds and/or loan amortization

Disburse all escrow payments for tax and insurance

Perform MERS activities

May perform SBA reporting and its portfolio management and disbursement to Colson

Process miscellaneous maintenance transactions

Perform End-of-Day balancing ensuring all activities are reconciled with the General Ledger

Respond to internal customer inquiries

Provide guidance and training to junior Loan Servicing Specialist

Work on special projects as assigned by Manager related to the Data Accuracy and accurate compliance requirements.

May perform other duties as assigned

Qualifications

Bachelor Degree in Finance or Accounting Degree preferred, or equivalent work related experience

Minimum 3 years of experience in the Loan Servicing Industry

Loan system experience required including document imaging system

Proficient in Microsoft Office

Excellent written and verbal communication skills required

Good organizational, analytical and problem solving skills

Ability to handle multiple tasks with excellent attention to detail

Ability to organize and maintain a high volume work environment

Ability to adapt quickly to changes and perform in a fast paced environment

Ability to build effective relationships as needed to effectively address issues and obstacles

Applicants must have legal authorization to work in the United States.  We do not offer visa sponsorship at this time.  

Compensation

The base pay range for this position is USD $20.00/Hr. - USD $26.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.