A loan servicing representative provides customer service regarding loans and mortgages. They must have a high level of understanding of their institution's loans, mortgages, and accompanying documentation. Often, customers call an institution with questions about the terms of a loan or other requirements to remain in good standing with the institution; by being able to effectively navigate loan processes and documentation, the loan servicing representative can address many customer concerns. Additionally, a loan servicing representative must have excellent knowledge of banking regulations and institutional policies and procedures. Also, most institutions maintain a knowledge database related to loans and mortgages; loan servicing representatives must be able to navigate the institution's database quickly and efficiently to find answers to customer questions.
Loan Servicing Representative Tasks
Document client interactions and accurately capture data using company loan processing systems.
Ensure compliance with all federal and local rules, laws and regulations.
Ensure loan guidelines are followed and loans are underwritten properly in accordance with all company procedures
Educate clients and assist them through the loan process.