St. Louis Park, MN

We are seeking an experienced Loan Servicing Specialist to join our Loan Administration at Bridgewater Bank in St. Louis Park. Reporting to the Load Administration Manager, in this role, you will perform a variety of functions associated with the origination of new loans and servicing of existing loans ensuring that loan documentation is accurate and in compliance with laws and regulations.

RESPONSIBILITIES:

• Monitoring of certain exception reports including but not limited to expiring insurance, UCC continuation, partial release of collateral etc.


• File appropriate reports which may include title search, title work, flood certificates, surveys or other due diligence information from various sources and prepare reports and/correspondence as appropriate.


• Proactively monitor compliance tracking system to ensure lien is recorded timely this includes insurance and real estate tax monitoring.


• Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes draws, payments, wire transfers, payoffs, and collateral releases.


• Resource for Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.


• Perform maintenance on E/O/D, non-accrual, and special mention loan accounts.


• Manage or maintain Loan Participation portfolio, general ledger accounts, flood related compliance audits and logs, Letter of Credit Log and other daily, month or quarterly reports as assigned.


• Monitor payment and correspondence related to real estate taxes and insurance including REO properties, as assigned.


• Manage, monitor and/or report activity related to denied/not approved loans, as assigned.

QUALIFICATIONS:

• 5-7 years of Commercial and Consumer loan servicing experience


• Strong oral and written communication skills


• High attention to detail and knowledge of rules, regulations and policies relating to loan documentation


• Bachelor’s degree preferred

ABOUT BRIDGEWATER BANK:

It all started with a vision in 2005. This vision was to create a full-service, entrepreneurial bank where clients would notice a difference, team members would be challenged to grow, and the culture would be optimistic. Over a decade later, this unconventional attitude laid the foundation of Bridgewater Bank, a nationwide top-performing bank with an award-winning culture.

We’re on a mission to become the finest entrepreneurial bank in the Twin Cities. And it’s working. Join our team and you will be surrounded by remarkable people who want to challenge the status quo and redefine what it means to work in this industry. This journey began in 2005, and it’s just getting started. Will you join us?

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits, and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability, or any other characteristic protected by applicable federal, state, or local law.

STATUS: Non- Exempt