Home
/
Comprehensive
/
Loan Servicing Specialist
Loan Servicing Specialist-February 2024
Port Angeles
Feb 10, 2026
About Loan Servicing Specialist

  Description

  Who We Are

  First Fed is a local community bank on an exciting growth trajectory with 16 locations in 5 counties across Washington. We are committed to investing in our amazing team and technologies which enable better service for our customers and communities. In 2021, First Fed was recognized as a Best Workplace by Puget Sound Business Journal and a Best Bank by Forbes, Peninsula Daily News, and Bellingham Alive.

  We welcome applicants from all backgrounds – our diversity makes us stronger. In 2023, we are celebrating our first 100 years of service.

  Our Values

  Optimism: We are positive and decisive. We believe the future will be better than the past. Our attitude demonstrates persistence which leads to success.

  Initiative: We are self-starters and find innovative solutions. We are courageous, entrepreneurial, and passionate. We take action for good.

  Respect: We include individuals from diverse backgrounds and with different perspectives. We are committed to honoring and serving others.

  Growth: We learn and adapt so we can continually improve. We believe in personal growth through grit and determination.

  Ownership: We are invested in our endeavors. We are accountable and take responsibility for our actions and decisions.

  Are you who we are looking for?

  You have two years of banking experience in an operations role.

  You have an intermediate understanding of loans, collateral types, general ledgers, and suspense accounts.

  You are passionate about timeliness, accuracy, and working with customers and a team

  You are organized, communicate well, and pay attention to details

  You have an intermediate knowledge of commercial and SBA loans, mortgage and consumer loans, participations, and secondary market loan sales.

  You have intermediate experience with loan boarding, quality control reviews, payment posting, payoff processing, investor reporting, escrow processing, and insurance tracking.

  You have some college coursework or experience equivalency

  The Job:

  You will enjoy this position if you like a fast-paced environment with plenty of variety, as a Loan Servicing Specialist it feels like no day is ever the same! This position is critical to the accuracy of our records and to provide delightful experiences to our customers. Getting loans into our system is one of the steps toward helping people get the loans they need. You get to support borrowers from initial payment through loan maturity and/or payoff. You will work with a variety of people, both internal and external customers.

  In this position, you get to assist our customers by applying loan payments and answering questions customers have about their payments. You will be responsible to start the loan servicing process by moving a newly closed loan to our core banking software so we can service it and assist the customer through the life of their loan.

  This job has huge potential for growth and career development! In this position, you can learn what’s behind the scenes of banking and could move into many different areas of the bank, both back-office and customer-facing. We promote from within! We fill over 30% of our positions internally, and we will develop you and help you grow in your banking career. We can even help you cover tuition costs as you grow in your education!

  Pay Range

  Loan Servicing Specialist I requires:

  High school diploma or certified equivalency.

  Typically requires one (1) year of experience in a customer service or banking role.

  Basic understanding of loans and collateral types, general ledger, and suspense accounts

  The pay range for a level I position is $21.00 - $35.69

  The typical hiring range for a level I position is $21.00 - $24.09

  Loan Servicing Specialist II - Requires some college coursework or experience equivalency and typically requires at least two (2) years of banking experience in an operations role and demonstrated ability to perform the job responsibilities for Loan Servicing Specialist I. An LSS II has knowledge of commercial and SBA loans, mortgage and consumer loans, participations, and secondary market loan sales. An LSS II has experience with loan boarding, quality control reviews, payment posting, payoff processing, investor reporting, escrow processing, and insurance tracking.

  The pay range for a level II position is $22.67 - $38.55

  The typical hiring range for a level II position is $22.67 - $26.02

  Loan Servicing Specialist III

  Associates degree or experience equivalency.

  Typically requires three to five (3 - 5) years of retail banking experience in an operations role and demonstrated ability to perform the job responsibilities for Loan Servicing Specialist I and II. Regularly processes more complex transactions or servicing functions. Act as resource to Loan Servicing Specialist I and II. Provide initial training to Loan Servicing Specialist I. Handle first step escalated calls. Provide back-up for the Loan Servicing Supervisor.

  Advanced understanding of loans and collateral types, general ledger, and suspense accounts.

  Advanced understanding of a wide range of loan products preferably but not limited to consumer loans, mortgage loans, secondary market loan sales, commercial loans, SBA, and participations.

  Advanced understanding of loan servicing tasks including but not limited to loan boarding, quality control reviews, payment posting, payoff processing, investor reporting, escrow processing and insurance tracking.

  The pay range for a level III position is $24.49 - $41.63

  The typical hiring range for a level III position is $24.49 - $28.10

  The incentive plan for this position is the Staff Support Incentive plan. It is paid out quarterly with a 5% target payout.

  Employees will be eligible for our benefits package including medical, dental, and vision insurance, paid time off, retirement plans (401k with company match and Employee Stock Ownership Plan), gym membership reimbursement, discounts on our banking products, and more! Additional information on our benefits package can be viewed at https://www.ourfirstfed.com/careers

  Qualifications

  Education

  Required

  High School or betterPreferred

  Some college or betterExperience

  Required

  2 years: Two years of banking experience in an operations role.Preferred

  You have intermediate experience with loan boarding, quality control reviews, payment posting, payoff processing, investor reporting, escrow processing, and insurance tracking.

  You have an intermediate knowledge of commercial and SBA loans, mortgage and consumer loans, participations, and secondary market loan sales.

  An intermediate understanding of loans, collateral types, general ledgers, and suspense accounts

  Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

  The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Comments
Welcome to zdrecruit comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
SIMILAR JOBS
Environmental Planner III
What We're Looking For At HNTB, you can create a career that is meaningful to you while building communities that matter to all of us. For more than a century, we have been delivering solutions for s
Full-time Service Representative/Merchandiser Order Writer - Arlington, WA
Join our Mission to Lead the Future of Snacking AT Mondelēz International Full Time Nabisco Merchandiser/Order Writer Join our team of Full Time Nabisco Merchandiser/Order Writers and fulfill the mer
Independent Field Surveyor
JOB REQUIREMENTS: Field Representative - Flexible Schedules For CollegeStudents - No Experience Needed Flexible schedules, you can work withinthe assigned window anytime the store is open! Need to st
Global Process Leader - SAP GTS - Trade Compliance
Global Process Leader - SAP GTS - Trade Compliance Location: New Bremen, OH, US, 45869 Company Description: Crown Equipment Corporation is a leading innovator in world-class forklift and material han
Patient Sitter Novice Flex, Nights
At Houston Methodist, the Patient Sitter Novice position functions as novice and demonstrates basic knowledge and skills necessary to communicate appropriately and carry out delegated nursing assista
Lead Building Engineer
Overview Pay: $ 55.62 /hourly The pay listed is the hourly rate for this position. A specific offer will vary based on applicant’s experience, skills, abilities, geographic location, and alignment wi
Co-op ChE Process Engineer 2024/25
Co-op ChE Process Engineer 2024/25 Counce, TN 38326, USA Req #9372 Tuesday, January 16, 2024 As a Fortune 500 company, Packaging Corporation of America (PCA) is an ideas and solutions company. Our co
Regional Marketing Manager - DACH (M/F/D)
Mendix – the leading low-code application development platform: The Mendix Platform uses visual modeling to abstract long-form coding out of application development. Our customers use Mendix to creat
Environmental Engineer 6
36659BR Requisition ID: 36659BR Business Unit: TSU Job Description: We are currently seeking a Senior Environmental Engineer to support a wide variety of environmental projects. The preferred candida
Aftermarket Site Projects Coordinator
49120BRReq No.:49120BRJob Description and Qualifications: Aftermarket Site Projects Coordinator Job Description Summary Job Description Summary • Ensure SAFETY at all times. • Ensure that HSE and QA
Copyright 2023-2026 - www.zdrecruit.com All Rights Reserved