Loan Servicing Specialist II - Loan Boarding

Company: Pacific Premier Bank
Location: Irvine
Posted on: May 14, 2022

Job Description:

If you are a job seeker with a disability and require a reasonable accommodation to apply for one of our jobs, you will find the contact information to request the appropriate accommodation by visiting the following page: Corporate 17901
17901 Von Karman Ave.
Irvine, CA 92614, USA
Description The Loan Servicing Specialist II will be responsible for ensuring all onboarding of new loans, modifications/renewals are processed accurately and according to the relevant information received. This position is responsible for making sure the credit approvals versus legal documents are correctly documented according to the credit product. May assist in the day to day of activities to support the day to day processing. Activities include but not limited, preparing daily work, payment processing and other various types of maintenance and data entry with validation. Also a general understanding of applicable servicing practices and entry level knowledge of Commercial, Business, Consumer and Residential Loans. RESPONSIBILITIES:

• Assist in boarding New Loan
• Review and respond to new loan boarding data corrections from audit.
• Process loan change in terms using the modification documentation to update system.
• Review and understand loan documents required for loan boarding and ability to assess if credit approvals versus legal documents drawn cover the necessary terms and conditions appropriately
• Assist in conducting research to address loan problems and issues.
• Handle both incoming and outgoing mail, request and print notices
• Assist in preparing daily report updates
• Handle email requests from both internal and external customers
• Assist in working with vendors for servicing
• Assist in resolving consumer issues and disputes.
• Assist in the preparation of responses to requests for payoff demands received from borrower, escrow companies, and title companies.
• Responsible for Annual 1098 year end reporting. QUALIFICATIONS:
  • 3 to 5 years of experience in Loan Servicing,
  • Experience working with loan documents and ability to review and comprehend loan documents in preparation of loan boarding, experience working with adjustable rate loans, must be able to calculate interest and new payment amounts
  • Commercial and Business loan experience preferred Qualifications Behaviors Preferred Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c) Equal Opportunity Employer - Veterans/Disabled

Keywords: Pacific Premier Bank, Irvine , Loan Servicing Specialist II - Loan Boarding, Other , Irvine, California