Loan Servicing Transaction Specialist
CategoryAccounting and Finance
Job Location11900 Bournefield Way, Suite 150Silver Spring, Maryland
We are a values driven organization putting Relationships FIRST. EagleBank is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our community. EagleBank (NASDAQ - EGBN) was founded to meet the financial needs of local business owners in Maryland, Washington DC, and Northern Virginia. With genuine connections, we provide custom financial solutions, local decision-making, and a deeply-rooted dedication to the community.
EagleBank is committed to being a workplace of inclusion, equity, respect, and acceptance. We celebrate diversity and intentionally seek out opportunities to learn from one another’s experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Throughout your EagleBank career, our commitment is to provide you with a variety of competitive benefits, recognition, training and development, and the knowledge that your contribution adds value to the company and our community. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships.
We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work program which allows employees to work remotely two days a week. This position has flexibility in choosing which two days, in addition to Wednesday, will be worked in the Silver Spring, MD office.
The Loan Servicing Transaction Specialist processes and disburses Residential Mortgage portfolio loan escrow payments for insurance and taxes. Assists in the escrow analysis process regarding excess escrow refunds. Processes incoming wire payments/payoffs. Pays off Residential Held for Sale loans. Review and maintenance Participation loan rates & transactions against lead bank notices. Processes the monthly fee payment for Monitored Lines of Credit (LOC). Issues checks to refund overage payment to the borrowers. Assists with providing information for credit reference or audit confirmation. Process customers' credit bureau disputes through E-Oscar.
- High School diploma or equivalent.
- A minimum of 3 years loan servicing experience, preferably with Residential escrow disbursements/administration and loan participation/syndication transaction processing experience.
- Ability to communicate effectively with internal departments, external vendors, and third parties.
- Knowledge of Microsoft Office primarily MS Word and MS Excel.
- Understanding and demonstrated experience with loan servicing core systems and applications.
- Understanding of loan servicing functions, including researching Credit Bureau disputes including the E-Oscar system, disbursing escrow funds to pay taxes and insurance, etc.
Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren’t hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.