Exchange Bank - Lincoln, NE
posted 2 months ago
The Loan Operations Specialist at Exchange Bank plays a crucial role in supporting the overall credit function of the bank. This position is responsible for assisting bank lending staff to ensure that loans are accurately entered into the servicing system and addressing any inquiries from staff or customers. The specialist will provide lending support across all branches, ensuring compliance with banking regulations and internal policies. Familiarity with the rules and regulations concerning loans and general banking practices is essential for this role. Key responsibilities include reviewing credit files and loan documentation to ensure compliance with all regulations, maintaining checklists, and managing escrow accounts. The specialist will prepare initial escrow disclosures, update escrow disbursement amounts, and disburse escrow payments to payees. Additionally, the role involves running escrow analyses, maintaining the collection process, processing charge-off and non-accrual requests, and handling bankruptcy and foreclosure matters. The Loan Operations Specialist will also be responsible for preparing all loan closing documents, including modifications, and reporting and remitting Credit Life and Accident/Health Insurance. The position requires processing and maintaining loan participations, including reporting to the Small Business Administration and Farm Service Agency, as well as managing relationships with National Credit Reporting Repositories. The specialist will board mortgage loans to servicing systems and maintain all loan records. They will oversee the force-placed insurance program and review monthly flood positives and flood loans. As the primary information source for branch lending staff, the specialist will also serve as a backup for Loan Processors and may seek product sales and cross-selling opportunities and referrals as part of their duties.