Loan Servicing Admin I

Company: Disability Solutions
Location: Charlotte
Posted on: May 9, 2024

Job Description:

Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:Primary responsibility is to serve as point of contact for assigned Borrower and Lender/Investor for all loan related servicing matters on moderately complex deals. With some supervision, deliver the highest level of service to lenders/investors, borrowers, vendors and internal business units while ensuring compliance with servicing agreements, government regulations and/or Company policies. Keys all transactions into System of Record/Loan Servicing System and/or workflow tool. Ensures all communication occurs timely and accurately. Monitor assigned loans to ensure funding and payment compliance with loan servicing agreements, loan documentation and Lender/Investor instructions. Coordinate fundings with Fulfillment and Assignment Desk as needed. Monitor, research or instruct payment processing for borrower payments, disbursements, fees, and collect appropriate fees due lender or servicer. Perform payoff quotes and related calculations including prepayment calculations. Maintain past due principal, interest and fees as well as reconciliation exceptions within acceptable levels. May assist managers in directing workflow and performing QA.Skills:

• Adaptability
• Attention to Detail
• Data Collection and Entry
• Written Communications
• Analytical Thinking
• Oral Communications
• Prioritization
• Problem Solving
• Recording/Organizing Information
• Customer and Client Focus
• Data Quality Management
• Quality Assurance
• Relationship Building
• ResearchMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentRequired Background:Must be a current Year Up intern at Bank of AmericaShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Hickory , Loan Servicing Admin I, Administration, Clerical , Charlotte, North Carolina