Loan Operations Specialist

Loan Operations Specialist

M-F 40 hours per week

On-site in one of our Nebraska Locations

The Loan Operations Specialist will provide support to the overall credit function by assisting bank lending staff with ensuring loans are on servicing system correctly and answer any questions staff or customer may have.

1. Provide Lending support to all branches.

2. Follow rules and regulations

   • Become familiar with rules and regulations concerning loans and general banking rules

   • Review credit files and loan documentation for compliance of all regulations

   • Maintain checklists

3. Maintain and review escrow accounts

   • Prepare initial escrow disclosures

   • Update escrow disbursement amounts

   • Disburse escrow to payees

   • Run escrow analysis

4. Maintain collection process

• Process charge off / non accrual request

• Bankruptcy

• Foreclosures

• 1099-C reporting 

• Legal Fee

• Subpoenas

• Prepare all loan closing documents including modifications

1. Reporting

   • Report and remit Credit Life and Accident/Health Insurance

   • Process and maintain loan participations, including Nebraska Energy Loan

   • Reporting to Small Business Administration, Farm Service Agency and other institutions

   • National Credit Reporting Repositories

2. Boarding mortgage loans to servicing systems

3. Maintaining all loan records on the servicing system

4. Oversee force place insurance program

   • Review monthly all flood positives and flood loans

• Serve as primary information source for branch lending staff

1. Serve as backup for Loan Processors.

2. Performs additional job-related duties as assigned or required. May also seek product sales and cross selling opportunities and referrals.

Knowledge/Skill/Ability Requirements 

• Knowledge of Bank Lending and Leasing functions

• Strong communication skills to effectively interact with personnel and customers

• Proven performance in problem solving and in maintaining/building customer relationships

• Maintain integrity in all areas, adhering to policies, regulations and utmost ethical standards

• Working knowledge of accounting principles, real estate transactions and terminology, lending procedures and Uniform Commercial Code. 

• Uphold confidentiality and employee and customer privacy in all situations 

• Demonstrate ability to prioritize and handle multiple projects 

• Remain flexible to withstand unpredictable changes to schedules and deadlines 

   

Physical/Mental Requirements: 

• Ability to lift and/or move up to 25 lbs. 

• Sit at a desk and computer terminal for extended time periods 

• Move around within office and between bank locations to appropriately interact with all personnel 

Eligibility Requirements (Minimum Qualifications)

High school diploma with a preference of two years experience with lending and leasing or accounting area within the banking industry. Associates or bachelors Degree in Business and/or Banking is preferred.