Loan Administration Specialist I

in County, OK

Job Description

POSITION SUMMARY:   The Loan Administration Specialist I is primarily responsible for data input into the core loan system(s) with emphasis on boarding a wide variety of loan and line products from simple to complex transactions in accordance with credit approvals and loan documentation.  This includes booking of commercial, SBA, consumer, and mortgage loans, posting of transactions to loan and general ledger accounts, and updating system file maintenance. Other responsibilities will consist of escrow administration including analysis and all insurance and property tax payments. This position is governed by departmental policy and procedures. Responsibilities are performed under limited supervision.  


  • Boards/books new, renewed, and modified loans to the core loan system, including collateral information, ensuring accurate representation of loan terms, rate, payment schedules, and maturities within the loan system. Responsibilities include, but are not limited to, meeting completeness, turn time and accuracy requirements as dictated by established service level agreements for posting transactions to the loan accounting system. Ensures proper documentation for system maintenance.
  • Ensures that new and renewed notes, extensions and advances, and loan payments and payoffs are booked within guidelines and regulatory requirements. Analyzes funding and disbursement information to ensure proper disbursement of funds via wire, deposit account, fee payment and/or disbursements to third parties.
  • Perform escrow analysis on loans to ensure proper escrow account payments. Verify that escrow accounts are correct for the appropriate escrow disbursement by updating and maintaining system information.
  • Distribute all insurance and property tax payments and research customer inquiries. This may include contacting insurance companies and county tax agencies.
  • Scans incoming property insurance for booked loans confirming proper coverage and loss/payee.
  • Research and respond to credit disputes within the e-Oscar system.
  • Establishes auto-debit/ACH auto-pay on loan accounting system per instructions and customer authorization.
  • Performs research of boarding errors and resolve problems. Assists with tracking, research, and reconciliation of loan fees.
  • Performs other related responsibilities and projects as required or assigned.
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Job Posting: 2436610

Posted On: May 19, 2022

Updated On: Jun 02, 2022