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Full Time/Part Time
Full Time
Job Url
https://www.cnd.nd.gov/psc/recruit/EMPLOYEE/HRMS/c/HRS_HRAM_FL.HRS_CG_SEARCH_FL.GBL?Page=HRS_APP_JBPST_FL&Action=U&SiteId=11000&FOCUS=Applicant&JobOpeningId=3029446&PostingSeq=1
Career Description
Hiring Range: $57,853 - $72,309If unable to find qualified candidates, the hiring authority will consider an underfill as a Loan Servicing Associate II. The hiring range for level two is $48,949 - $61,190 and requires two years of experience. This position may be located in Bank of North Dakota's Bismarck office location or has the option to work remote provided the candidate is a ND resident and resides within the state of North Dakota. The Bank of North Dakota (BND) is seeking a Loan Servicing Associate III to join our team! The Bank was established to promote agriculture, commerce, and industry in the State. Its loan programs work in conjunction with private financial institutions to finance economic development throughout the State. It is the legal depository for all state funds unless provided otherwise by law. The Bank also serves as a central clearing agency and provides many other services to North Dakota banks and other financial institutions.At the Bank of North Dakota, we offer rewarding work opportunities with a competitive employee benefits package including a fully paid family health insurance plan, paid leave, retirement plan options, work-life balance/flexibility, an infant-at-work program, tuition reimbursement, and more!
The selected candidate will be responsible for reviewing loan documentation prior to funding, funding all direct and participation loans and providing ongoing loan servicing to the portfolio. This individual will review all loan documents to ensure accuracy, completeness and compliance with BND terms and conditions. They will verify rates, terms, loan amounts, borrowers and guarantors are correct based on the approved loan presentation and the terms set forth in the note, loan agreement and guarantee documents are accurate. The individual in this role will ensure correct lien position of collateral by reviewing security agreements, lien searches and UCC filings for non-real estate secured transactions. They will thoroughly review real estate secured loan documentation including mortgages, title work, flood certificates, appraisal documentation and insurance policies. In this role you will be required to review and understand the diverse documentation submitted by partner financial institutions utilizing many different document preparation systems and documentation prepared by attorneys. The loan servicing associate collaborates with BND's partner financial institutions to ensure any errors in documentation or deviation from the commitment letter issued by BND are corrected and any outstanding documentation necessary for lien perfection is provided to BND. The individual in this role will prepare boarding sheets for over 20 loan programs with the appropriate loan terms and enter loans into core operating system. They will utilize tracking software to update lists of outstanding loan documentation required for each loan funded. They will also ensure all tracking items are set up correctly with the appropriate dates, descriptions, and tied to the corresponding loan numbers. This role will require you to utilize BND's buydown software to create and finalize buydown schedules for program loans with interest buydown, educate lead banks to understand buydown schedules, collect and remit payments on buydown loan programs, and coordinate receipt of buydown funds from communities. This individual will provide assistance with on-going servicing of the loan portfolio by processing on-going loan documentation, assisting with post close file review, and providing assistance on additional tasks as deemed necessary. The selected candidate must be detail oriented and have the ability to work on multiple loan files simultaneously. They must be able to adjust priorities to changing circumstances and maintain quality in a fast-paced atmosphere. A significant level of trust and diplomacy is required, in addition to courtesy and tact. Work involves extensive interaction with others, internal and external, and requires influencing and educating others.
Minimum Qualifications
This position requires an associate degree in finance, business, or a closely related field of study and four years of work experience in commercial, agriculture, or real estate loan documentation or lending. Additional work experience as described may substitute for the education requirement on a year-for-year basis.
Preferred Qualifications
Knowledge of banking software systems to include core operating systems, documentation preparation systems and documentation imaging software.Experience working with participated loans.Excellent interpersonal and communication skills and demonstrated ability to work in a team environment with diverse colleagues and customers.Proven capability to handle multiple high priority tasks.Previous experience with loan file review.
About Team ND
"Far and away the best prize life offers is the chance to work hard at work worth doing." - Theodore RooseveltMore than 7,500 talented, hard-working people across sixty-three agencies have come together as Team North Dakota. At Team ND, we are driven to succeed through gratitude, humility, curiosity and courage. Our purpose is to empower people, improve lives, and inspire success. Join us in being legendary.Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.
Application Procedures
Please attach a resume to your electronic application. All application material must be received by 11:59 pm on the closing date. Application form and resume should demonstrate the knowledge, skills, and abilities that are needed to meet the minimum qualifications for this position. Application materials will be scored based on a 100-point job related personnel system. Applications should include information which directly addresses how the applicant meets the minimum qualifications and . It is very important to be thorough and detailed on all your application materials.Applicants who experience technical difficulties during the application process should contact recruiter@nd.gov or 701.328.3290. If accommodations or assistance is needed in the application or interview process, please contact Melanie Moen at mmoen@nd.gov 701.328.5616 or TTY users may use Relay North Dakota at 711 or 800.366.6888.Notice to prospective employees that the Bank of North Dakota complies with the U.S. Dept. of Labor Family and Medical Leave Act (FMLA); and all information contained within, at www.dol.gov/whd/fmla.A credit, state and federal background check will be conducted on the final candidate.
Equal Employment Opportunity
The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. Sect. 23-12-10.
The selected candidate will be responsible for reviewing loan documentation prior to funding, funding all direct and participation loans and providing ongoing loan servicing to the portfolio. This individual will review all loan documents to ensure accuracy, completeness and compliance with BND terms and conditions. They will verify rates, terms, loan amounts, borrowers and guarantors are correct based on the approved loan presentation and the terms set forth in the note, loan agreement and guarantee documents are accurate. The individual in this role will ensure correct lien position of collateral by reviewing security agreements, lien searches and UCC filings for non-real estate secured transactions. They will thoroughly review real estate secured loan documentation including mortgages, title work, flood certificates, appraisal documentation and insurance policies. In this role you will be required to review and understand the diverse documentation submitted by partner financial institutions utilizing many different document preparation systems and documentation prepared by attorneys. The loan servicing associate collaborates with BND's partner financial institutions to ensure any errors in documentation or deviation from the commitment letter issued by BND are corrected and any outstanding documentation necessary for lien perfection is provided to BND. The individual in this role will prepare boarding sheets for over 20 loan programs with the appropriate loan terms and enter loans into core operating system. They will utilize tracking software to update lists of outstanding loan documentation required for each loan funded. They will also ensure all tracking items are set up correctly with the appropriate dates, descriptions, and tied to the corresponding loan numbers. This role will require you to utilize BND's buydown software to create and finalize buydown schedules for program loans with interest buydown, educate lead banks to understand buydown schedules, collect and remit payments on buydown loan programs, and coordinate receipt of buydown funds from communities. This individual will provide assistance with on-going servicing of the loan portfolio by processing on-going loan documentation, assisting with post close file review, and providing assistance on additional tasks as deemed necessary. The selected candidate must be detail oriented and have the ability to work on multiple loan files simultaneously. They must be able to adjust priorities to changing circumstances and maintain quality in a fast-paced atmosphere. A significant level of trust and diplomacy is required, in addition to courtesy and tact. Work involves extensive interaction with others, internal and external, and requires influencing and educating others.
Minimum Qualifications
This position requires an associate degree in finance, business, or a closely related field of study and four years of work experience in commercial, agriculture, or real estate loan documentation or lending. Additional work experience as described may substitute for the education requirement on a year-for-year basis.
Preferred Qualifications
Knowledge of banking software systems to include core operating systems, documentation preparation systems and documentation imaging software.Experience working with participated loans.Excellent interpersonal and communication skills and demonstrated ability to work in a team environment with diverse colleagues and customers.Proven capability to handle multiple high priority tasks.Previous experience with loan file review.
About Team ND
"Far and away the best prize life offers is the chance to work hard at work worth doing." - Theodore RooseveltMore than 7,500 talented, hard-working people across sixty-three agencies have come together as Team North Dakota. At Team ND, we are driven to succeed through gratitude, humility, curiosity and courage. Our purpose is to empower people, improve lives, and inspire success. Join us in being legendary.Total Rewards: The State of North Dakota is committed to providing team members with a strong and competitive rewards package that support you, your health and your family.Considering a new position on Team ND? How does your current position stack up? Use our Total Rewards Calculator to estimate.
Application Procedures
Please attach a resume to your electronic application. All application material must be received by 11:59 pm on the closing date. Application form and resume should demonstrate the knowledge, skills, and abilities that are needed to meet the minimum qualifications for this position. Application materials will be scored based on a 100-point job related personnel system. Applications should include information which directly addresses how the applicant meets the minimum qualifications and . It is very important to be thorough and detailed on all your application materials.Applicants who experience technical difficulties during the application process should contact recruiter@nd.gov or 701.328.3290. If accommodations or assistance is needed in the application or interview process, please contact Melanie Moen at mmoen@nd.gov 701.328.5616 or TTY users may use Relay North Dakota at 711 or 800.366.6888.Notice to prospective employees that the Bank of North Dakota complies with the U.S. Dept. of Labor Family and Medical Leave Act (FMLA); and all information contained within, at www.dol.gov/whd/fmla.A credit, state and federal background check will be conducted on the final candidate.
Equal Employment Opportunity
The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. Sect. 23-12-10.
Job Id
3029446