Loan Servicing Specialist I

Description/Job Summary

Position Summary:

The Loan Servicing Specialist is responsible for assisting all assigned lenders in administrative support and loan duties. With direction from the assigned loan officer, credit memorandum and support from the loan origination software and related systems, the LSS will collect and prepare all supporting documentation to secure LNBs collateral positions for each loan transaction.  This position is located in Fayetteville, AR.  

Major Duties and Accountabilities: 

• Takes part and embraces the Legacy Culture and gives outstanding customer service to internal and external customers.
• Utilize bank's software systems to work efficiently with loan and account transactions. 
• Review credit memorandums to receive directions on the type of loan transaction that needs to be prepared. Loan transactions to include Commercial, Agricultural or TRID Loans. 
• Prepare, review, process, and assemble loan documentation to ensure accuracy and compliance with bank policy and federal banking regulations. Prepare funding documentation as needed. 
• Coordinate loan closings for lenders with all outside and internal parties. Prepare funding documentation as needed. 
• Work assigned lenders technical exceptions to stay within policy compliant limits.
• All other duties as assigned. 

Required Qualifications

• Required:
  • A high school diploma or GED equivalent.
  • 1-year previous banking/loan experience.
  • Computer skills.
  • Written and verbal communication skills. 

Preferred Qualifications

• Preferred:
  • Bachelor's degree in finance, accounting, or related field.