Job Information
Westfield Bank Loan Servicing Assistant Manager in Chicopee, Massachusetts
Loan Servicing Assistant Manager (FT) \$61,444.69 - \$92,167.03 Hourly Chicope, MA Department: Loan Administration Job Status: Full Time FLSA Status: Exempt Grade: 10 Amount of Travel: No Travel Reports To: VP, Loan Administration Manager Positions Supervised: Loan Servicing Specialists POSITION SUMMARY Under the general supervision of the VP, Loan Administration Manager, the Loan Servicing Assistant Manager assists in the supervision of the day-to-day functions and responsibilities of the Loan Servicing Department. Ensures that all policies, procedures and regulations are followed, as they pertain to the department. ESSENTIAL FUNCTIONS Oversee and track post-booking Quality Control on all loans. Assist in the management, development and training of the loan servicing staff and encourages a cohesive and collaborative working environment. Review daily maintenance reports for exceptions, escrow refunds, scheduled rate change notices, receivables generated, change of loan minors, error corrections related to the department, daily batch recap report for errors related to the department, rate changes made to loans, department override transaction activity, scheduled allotments, OnBase rejections and other reports as required. Delegate responsibilities to the department staff regarding uploading of new loans, reporting and notices; assure that staff is following third party procedures and bank policy. Work closely with other departments including Audit, Compliance and Loan Processing to complete regulatory audits, perform system upgrades and support open lines of communication between departments to ensure processes are effective and streamlined. Responsible for reviewing and implementing all FiServ maintenance and upgrades. Will oversee the performance of all required testing prior to upgrade and report to upgrade team any issues. Will be responsible to oversee the performance of any maintenance necessary regarding the upgrade. Answer and resolve escalating customer complaints and problems. Assume responsibility for researching and rectifying consumer disputes with Credit Bureaus as required by the Fair Credit Reporting Act (FCRA) and Fair and Accurate Credit Transactions Act (FACTA) which includes written requests from borrowers and requests submitted to EOscar. Ensure responses are provided within the regulated timeframe. Assume responsibility that department is following record retention guidelines and oversee the tracking and follow up on incomplete and missing documentation in accordance with the digital file process. Performs daily reconciliation of GL accounts related to Loan Servicing processing. Perform Quality Control of Participation Payments for Lead and Non-Lead Participation Loans. Perform Quality Control of Rate Change Notifications prior to these notices being sent to the borrower. Perform Quality Control of loan modification maintenance and follow up with the appropriate staff on tracking that originals are received in a timely manner and documentation in uploaded into OnBase. Work closely with the VP, Loan Administration Manager to create improved efficiencies and update procedures as necessary. Must complete BSA, AML, and other Regulatory and Continuing Education as assigned. POSITION QUALIFICATIONS Competencies Decision-Making/Judgment Employee Development Management Effectiveness Results Focus Teamwork & Cooperation Education/Experience/Skills & Abilities Associate\'s degree or the equivalent work-related experience required. Minimum 3 years of relevant experience. Knowledge of each operational aspect of the department. Excellent communication skills. Working knowledge of Microsoft Office (Word and Excel) required.