El Monte, CA, US
20 days ago
Loan Servicing Specialist II
Welcome page Returning Candidate? Log In Here Loan Servicing Specialist II Location US-CA-El Monte Job ID 2024-11505 Category Banking Operations/Back Office Position Type Full-Time Introduction

Since 1973, East West Bank has served as a pathway to success. With over 120 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 an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and 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 feesProcess 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 accountPerform Escrow Analysis as required by state with appropriate refunds and/or loan amortizationDisburse all escrow payments for tax and insurancePerform MERS activitiesMay perform SBA reporting and its portfolio management and disbursement to ColsonProcess miscellaneous maintenance transactionsPerform End-of-Day balancing ensuring all activities are reconciled with the General LedgerRespond to internal customer inquiriesProvide guidance and training to junior Loan Servicing SpecialistWork on special projects as assigned by Manager related to the Data Accuracy and accurate compliance requirements.Perform other duties as assigned Qualifications Bachelor Degree in Finance or Accounting Degree preferred, or equivalent work related experienceMinimum 3 years of experience in the Loan Servicing IndustryLoan system experience required including document imaging systemProficient in Microsoft OfficeExcellent written and verbal communication skills requiredGood organizational, analytical and problem solving skillsAbility to handle multiple tasks with excellent attention to detailAbility to organize and maintain a high volume work environmentAbility to adapt quickly to changes and perform in a fast paced environmentAbility to build effective relationships as needed to effectively address issues and obstacles Compensation The base pay range for this position is USD $19.00/Hr. - USD $26.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location. Options Apply for this job onlineApplyShareEmail this job to a friendRefer <p style="margin: 0px;"><span style="color: #54585a;">Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.</span></p> Share on your newsfeed

East West Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status. Reasonable accommodations for disability are provided to applicants and employees in accordance with applicable law. Application FAQs

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