Loan Servicing Specialist III

Job Description

Job Description

Description:

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust. 

This position can be located at either Storey Ave in Newburyport, MA or Main Street in Fitchburg, MA . 

The Loan Servicing Specialist III ensures the accurate setup, maintenance, and servicing of commercial loans throughout the loan lifecycle, while also supporting more advanced and specialized servicing functions. Processes complex transactions, prepares participation remittances and reports, and monitors internal accounts to ensure accuracy, compliance, and timely resolution of discrepancies and to uphold the integrity of loan and financial records.

Essential Job Functions

• Board commercial loans in accordance with loan documents; track receipt of original notes and/or titles, and complete related loan maintenance and transactions. 
• Process commercial payoff quotes, payoffs, and lien releases, and respond to customer requests through the ticketing system or other channels in a timely manner. 
• Prepare daily and monthly participation remittances and reporting for the Secondary Market. 
• Monitor internal accounts and resolve out-of-balance items; prepare monthly General Ledger reconciliations. 
• Collaborate with Commercial Lending Assistants, Portfolio Managers, and Commercial Lenders to research and resolve complex commercial loan scenarios. 
• Lead assigned special projects and identify opportunities to improve departmental processes and procedures. 
• Assist Management with researching and responding to internal and external audit findings. 
• Review work and provide guidance to junior team members to promote accuracy, consistency, and adherence to established procedures. 
• Maintain current knowledge of Bank products, services, procedures, policies, and applicable regulatory and compliance requirements through training and team meetings; apply this knowledge to daily operations. 
• Ensure compliance with federal and state laws, regulations, Bank policies, and the Bank Secrecy Act (BSA), as applicable, by verifying transactions and account balances, preventing violations, minimizing risk, and safeguarding the Bank’s interests.

Requirements:

Qualifications, Experience, and Education

• High school diploma.
• Minimum of 5 years of experience in a professional office environment within a commercial lending-related function.
• Strong knowledge of word processing, spreadsheet, and other office applications.
• Excellent customer service skills, attention to detail, and ability to work successfully both independently and as a member of a team.

 

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at View email address on us.fitly.work or call View phone number on us.fitly.work.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.