Loan Administration Specialist

• Submit collateral documents for recording including modifications, cancellations and discharges and maintain a spreadsheet to track them.
• Run weekly and monthly reports including but not limited to cancellation of mortgage & closed loans.
• Process overpayments from paid off loans and clear any suspense items.
• Maintain all insurance information including:
• Tracking insurance on all commercial loans.
• Follow-up on status of coverage on residential loans once cancellation is received from insurance carriers and borrowers, force place insurance if necessary.
• Notify insurance carriers/agents when loan is paid; advise them to remove Magyar Bank as mortgagee.
• Force place flood and hazard insurance, when necessary.
• Track flood insurance and pay premiums.
• Prepare and mail the annual homeowner insurance and private mortgage insurance notifications.
• Pay monthly private mortgage insurance.
• Verify accuracy of weekly rate changes on the core system.
• Assist customers with telephone or in-person inquiries regarding any service issues which need to be addressed on their accounts until the issues are resolved. 
• Resolve all disputes within a 30-day timeframe.
• Maintaining compliance while performing all job functions.
• Perform other duties as assigned by supervisor.
• Cross train with other Loan Administration Representative roles.

• Minimum of high school diploma or equivalent required.  Some college preferred.
• At least 2 years of experience in areas of loan servicing.
• Strong customer service skills.
• Must be detailed oriented.
• Excellent communication skills, both verbal and written. 
• Ability to multitask in fast paced environment.
• Computer literate, including MS Office Suite, loan tracking systems, etc.
• Ability to work independently.

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