About the Role

Are you looking for an opportunity to let your skills shine? Join us as a Loan Servicing Specialist I remote at Copper State Credit Union! We offer a unique environment where you won't get lost in the shuffle, and you can truly make an impact. With only 140 employees, we provide personalized service to our members while fostering a collaborative culture among our team.

What You'll Do

  • Provide exceptional service consistent with the credit union’s commitment to meeting member needs and resolving issues.
  • Process payments for consumer loans accurately and efficiently, ensuring timely application to member accounts.
  • Assist in loading loan data into the core operating system under supervision, verifying accuracy.
  • Support lien perfection processes by preparing documentation and ensuring timely submission to relevant authorities.
  • Respond to basic member inquiries regarding loan accounts, escalating complex issues to senior staff.
  • Maintain accurate records and documentation for loan servicing activities, adhering to credit union policies and regulatory guidelines.
  • Support the team in processing collateral protection insurance and GAP insurance claims, following established procedures.

Requirements

  • Education equivalent to a four-year high school diploma or GED.
  • Post-secondary education in finance or business is a plus.
  • 0–1 year of experience in financial services, customer service, or a related field.
  • Prior loan servicing experience is preferred but not required.
  • Basic interpersonal and communication skills to interact with members and team members professionally.
  • Strong attention to detail and organizational skills to manage repetitive tasks in a fast-paced environment.
  • Basic mathematical skills for payment processing and reporting.
  • Familiarity with computer equipment and software, including Microsoft Office and core operating systems.

Nice to Have

  • Experience with loan servicing platforms.
  • Knowledge of financial regulations.
  • Ability to work independently and as part of a team.

What We Offer

  • Competitive salary of approximately $22/hour, translating to $46,000/year.
  • Remote work flexibility, allowing you to work from the comfort of your home.
  • Opportunities for professional development and growth within the organization.
  • A collaborative and supportive team environment.
  • Health and wellness benefits.
  • Paid time off and holiday pay.
  • Access to credit union services and products.
Why This Job7.5 of 10

This Loan Servicing Specialist I role offers a unique opportunity to work in a supportive environment with a competitive salary and growth potential.

Salary Range
Required
0/1
Optional
0/1
Bonus
0/1

Who Will Succeed Here

Proficient in Microsoft Office Suite, particularly Excel for managing loan data and reports, ensuring accuracy and efficiency in loan processing tasks.

Strong organizational skills with a meticulous attention to detail, essential for maintaining accurate records and ensuring compliance with loan servicing regulations in a remote work environment.

Customer-centric mindset with a proactive approach to problem-solving, enabling effective handling of member inquiries and issues related to loan servicing.

Learning Resources

Loan Processing Basicscourse

Career Path

Loan Servicing Specialist I(Now)Loan Servicing Specialist II(1-2 years)Loan Operations Manager(3-5 years)

Market Overview

Market Size 2024
$5.2B
Annual Growth
8.5%
AI Adoption in Loan Processing
35%
Investment in FinTech Solutions
+150%
Labour Demand for Loan Servicing Roles
+12%
Avg Salary for Loan Servicing Specialist I
$45K

Skills & Requirements

Required
Loan ProcessingCustomer ServiceMicrosoft Office
Growing in Demand
Data AnalysisRegulatory ComplianceCRM Software Proficiency
Declining
Manual Data EntryLegacy Loan Management Systems

Domain Trends

Increased Automation in Loan Processing
By 2025, 50% of loan processing tasks are expected to be automated, reducing manual workload and enhancing efficiency.
Rise of Digital Customer Service
80% of consumers prefer digital channels for customer service in the loan industry, pushing companies to invest in digital tools.
Integration of AI in Risk Assessment
AI-driven risk assessment tools are projected to improve loan approval rates by 20%, reshaping the lending landscape.

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