East West Bank

Loan Servicing Unit Manager

East West Bank$95K — $125K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Finance, Accounting, Business Administration, or Economics.
  • 7+ years of experience in loan servicing.
  • 5+ years of management experience.
  • Strong knowledge of loan servicing compliance regulations.
  • Excellent customer service and communication skills.
  • Analytical and problem-solving abilities
  • Project management experience and leadership skills.

Responsibilities

  • Manage daily operations of the Loan Operations Unit including hiring and team performance.
  • Ensure compliance with regulatory requirements and internal policies.
  • Mitigate risks in loan processing and ensure adherence to agreements.
  • Implement changes for compliance with new laws and regulations.
  • Audit processes and vendor activities for compliance and efficiency.
  • Collaborate with other units to meet service level agreements and productivity KPIs.
  • Train staff on regulatory changes and process improvements.

Benefits

  • Comprehensive health benefits including medical, dental, and vision coverage.
  • Retirement savings plan with employer matching contributions.
  • Generous paid time off and holidays.
  • Opportunity for ongoing professional development and training.
  • Supportive work culture emphasizing collaboration and employee growth.
Full Job Description
Overview

The Loan Operations Unit Manager is responsible for the day to day management of a Loan Operations Unit including but not limited to; customer complaints and research, payment processing and other financial activities, Demands & Payoffs, Adjustable Rate Management, escrow monitoring, Insurance and Tax monitoring, post closing collateral monitoring, Construction Disbursement, Quality Assurance, Investor Reporting, etc. Oversight to all applicable regulatory compliance relative to Loan Servicing, Reconciliation and Quality Control is included in this role.   

Responsibilities
  • Responsible for the direct management of the loan operations team(s) including but not limited to; hiring, coaching, training, setting performance requirements and  goals, developing and delivering scorecards results, metrics, key-man succession plans, and conducting performance reviews.
  • Direct loan operations activities to meet established goals and appropriate turnaround time to meet regulatory requirements for time sensitive activities.
  • Ensure that Loan Operations complies with all federal, state, local laws and internal Bank policies.
  • Ensure Risk Mitigation in the processing of Loan Activities ensuring compliance with Business Loan Agreement, Promissory Note and Regulatory Compliance requirement 
  • Implement necessary changes within the Loan Servicing Unit to comply with any new or changed laws.  Included in this process are:  BSA/BO,TRID, RESPA, SCRA, FACTA, GLBA, FDCPA, USAP, CRA, etc. 
  • Perform periodic review of all processes including 3rd party vendor processing and audit of their process.
  • Respond to internal and external audit request and findings and work to remediate any identified noncompliant processes or areas of concern.
  • Process & Manage Loan Purchase and Sold Activity.  This includes working directly with the Treasury Dept., Accounting, Leverage Lending, Syndication and other lines of business.
  • Evaluate business processes and make necessary changes to daily procedures and process controls as appropriate.
  • Collaborate with other business units to reach desired result on Service Level and Productivity KPI.
  • Perform the Compliance and Quality Self-Assessment for teams within Loan Administration   
  • Provide updates and training to staff on new and upcoming regulation changes and process improvements including documented procedures.
  • Implement process improvement and document all procedures for functions and activities within the Unit
  • Provide guidance to System Administrator to ensure bank control has proper set up for fees, Note Type, Credit Bureau Reporting, etc. for proper reporting and servicing of loans.
  • Create Management reports as requested
  • May provide User Acceptance Testing on the loan System based on new products and/or processes
  • Work on special projects as assigned by Manager related to the Data Accuracy and accurate compliance requirements.
  • Maintain knowledge for all regulatory requirements applicable to the job, this may include and is not limited to; Bankruptcy, SCRA, FCRA, BSA/BO, etc. and ensure compliance with all applicable procedures, State and Federal laws.
  • Perform all other managerial or project duties as assigned my management.
Qualifications
  • Bachelor Degree in Finance, Accounting, Business Administration, or Economics.
  • Minimum 7 years of experience in the loan servicing industry
  • Minimum 5 years management experience
  • Strong knowledge of rules, regulations and compliance requirements concerning loan servicing specific to the areas of oversight
  • Strong Customer service skills required
  • Strong analytical and problem solving abilities
  • Excellent verbal and written communication skills
  • Effective leader with strong project management skills
  • Firm understanding of current best practices in the Loan Servicing Industry
  • FIS, BlackKnight, Synergy, Cash system knowledge preferred
  • Proficient in Microsoft Office with advanced Excel skills required
  • Ability to build effective relationships as needed to effectively address issues and obstacles

 

CompensationThe base pay range for this position is USD $95,000.00/Yr. - USD $125,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

About East West Bank

East West Bank is a bank based in California that provides personal and commercial banking services. The bank was founded in 1973 and has grown to become one of the largest banks in the United States. East West Bank has over 120 locations in the United States and China, and offers a range of financial products and services to its customers. The bank is committed to providing excellent customer service and helping its customers achieve their financial goals.
Learn more about East West Bank
Size
3,100 employees
Market Cap
$9 billion
Industry
Net Income
$567.8 million
Founded
1998
5 Year Trend
+7.3%
NASDAQ

Similar Jobs

More Jobs at East West Bank

More Finance & Insurance Jobs

Find similar Loan Servicing Unit Manager jobs: