Residential Loan Servicing Specialist at Five Star Bank in Warsaw, NY

Summary: Five Star Bank is seeking a Residential Loan Servicing Specialist to manage the booking and maintenance of residential loans. The role involves ensuring compliance with Federal Laws and accurate reporting, as well as providing customer support for loan accounts. Responsibilities: - Performs a thorough review of all file information related to Residential loans that are submitted for booking to ensure receipt of required loan documentation and to obtain corrections as needed. Establishes new Residential loans on the Banking system ensuring that all data is accurately entered, and all accounts are in compliance with bank lending policy. Performs a secondary review for every new loan booked by other processors to verify accuracy of key fields per departmental procedures - Performs maintenance to loans as requested, including but not limited to: rate changes, payment changes, line extensions and renewals, suspense, charge-off, shadow account processing, automatic funds transfer, Automated Clearing House (ACH) transaction set up and maintenance, processing loan payments received, correction of non-posted items and suspense items. Ensures that all construction loan draws are advanced in accordance with loan terms and Bank policy. Performs secondary review on all maintenance performed by other processors as a result of requests from other departments or errors found - Maintains collateral accounts to reflect proper collateral control; Utilizes the Collateral Tracking system to track and follow up on any identified exception items for Mortgage loans. Accurately creates Uniform Commercial Code (UCC) filings with appropriate state for new Mortgages when applicable. Assures that proper coding is entered in the Banking system to accurately file mobile home liens through an electronic filing system; Research and re-file mobile home liens as necessary - Assist with quarterly and/or annual CRA and HMDA data scrubs, to allow for proper reporting utilizing Banking software for government reporting requirements. Prepare and process required Third Party documentation for loans sold to investors such as Freddie Mac, FHA, SONYMA, etc. Maintains multi-collateral file for weekly file submission to third party insurance vendor - Provides support to Bank staff on loan accounts responding to customer service phone calls and assisting with loan questions - Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work Required Qualifications: - Education: High School Diploma or equivalent - Prior Experience: 1+ years Customer Service experience Preferred Qualifications: - Education: Associate Degree in Business or related field - Prior Experience: 1+ years Mortgage Operations Required Skills: Residential Loan Servicing, Community Reinvestment Act (CRA) Compliance, Home Mortgage Disclosure Act (HMDA) Compliance, Loan Documentation Review, Banking Software, Automated Clearing House (ACH) Transactions, Uniform Commercial Code (UCC) Filings, Microsoft Office Benefits: Medical, Dental, and Vision Insurance, Health Savings Account, Flexible Spending Account(s), Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability, Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident, Tuition Reimbursement, Employee Referral Program, Wellness Reimbursement Program, Star Volunteer Program, Employee Banking and Financial Perks, Flexible Hybrid Work Schedule, Paid Time Off (PTO), Company Paid Holidays, Cash or equity-based incentives based on the role and performance