Commercial Loan Servicer I

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13801063 GreenState Credit Union\ \ Commercial Loan Servicer I\ \ US-IL-Naperville\ \ Job ID: 2026-4837\ # of Openings: 1\ Category: Commercial\ GreenState Credit Union\ \ Overview\ \ Responsible for servicing all commercial loans. GREENSTATE CULTURE: At GreenState,ourpurpose is to create lasting value for our members, our communities, and one another. We empower our teams to create opportunities that strengthen financial well-being, transform lives, and enhance the vitality of the communities we serve. We know our successnow andin the futureisdeeplyrooted in fostering an engaging, diverse, and inclusive workplace where everyone knows they matter, their work makes an impact, and their everyday commitment tolivingour values is what brings our mission to life. Pay range for this hourly position is $23.61 - $27.60/hr with a progressive benefits package. \ \ Responsibilities\ \ Performs essential duties and responsibilities in the following areas which may include, but are not limited to those listed and are subject to change. Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision. Demonstrates a positive member service (internal and external) focus at all times. Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities. Ensures confidentiality of member information. Supports a diverse and inclusive work environment. Assists in all wire postings and back end file maintenance. Adheres to all state, federal and credit union regulations, policies and guidelines. Develops relationships in the real estate community. Answers the Commercial Servicing direct phone line and email. Assists in year-end completion and mailing of 1098/1099 statements. Coordinates tracking and payment of escrowed insurance coverage. Follows-up on any lapsed or incomplete coverage obtaining current copy of coverage in place. Coordinates tracking and payment of escrowed property taxes twice a year. Assists with the selection, installation (conversions) and maintenance of software products/vendors. Participates in developing procedures for commercial servicing operations, which include the ongoing support, payoff, tax, insurance and servicing functions. Stays abreast of changes in servicing software, regulations, policies and industry practices to ensure continued compliance. Runs daily and monthly reports as needed. Oversees all escrow accounts including all correspondence with members in regards to their escrows and runs a yearly escrow analysis. Maintaining reporting and verification of all property taxes paid for all real estate collateral that is not escrowed. Maintains and tracks Insurance Renewal Policies for loans that do not fall under the Blanket Insurance Policy. Maintains and track flood insurance renewals, ensuring no gap in coverage. Posts commercial payments daily. Researches and corrects payments on loan accounts due to errors in payment application or improper interest rates; backs off payment and makes necessary adjustments; transfers loans to proper account number or note number if error is discovered. Includes any other necessary file maintenance as a result. Opens new Shared Savings Accounts for new Commercial Borrowers.\ \ \ \ Equal employment opportunity, including veterans and individuals with disabilities.\ \ PI287693369