Loan Operations Specialist

Loan Operations Specialist

Wakefield Full-Time No home office possible
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At a Glance

  • Tasks: Join our team as a Loan Operations Specialist, handling service orders and coordinating loan closings.
  • Company: Vaco Boston partners with top clients to provide exceptional staffing solutions.
  • Benefits: Enjoy competitive pay, medical benefits, and a 401(k) retirement plan.
  • Why this job: This role offers hands-on experience in banking and a chance to grow in a fast-paced environment.
  • Qualifications: High school diploma required; banking experience and strong computer skills preferred.
  • Other info: Immediate interviews available for the first 25 applicants!

1 day ago Be among the first 25 applicants

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Direct message the job poster from Vaco by Highspring

Vaco Boston has partnered with our client to hire an Operations Specialist to join their team!

When: Immediate need, interviews this week!
Pay: $25-$30/hour

Education and Experience

  • High school diploma: minimum 1 year banking experience preferred; solid working knowledge with Home Equity Line of Credit product is preferred.
  • Experienced processing and closing documents for consumer lending product: Home Equity.

Skills/Knowledge

  • Superior communication, organizational, multitasking, and interpersonal skills required.
  • Attention to detail.
  • Strong computer skills (Word – Excel)
  • Experienced in a fast-paced and high-volume environment.

Job Responsibilities:

  • Handle and review service orders such as property valuations, flood determinations, ownership verifications, and other related tasks
  • Work closely with retail staff to coordinate loan closings
  • Prepare and process payoffs for loans or equity lines
  • Create accurate closing documents, including legal paperwork for customer signatures
  • Provide clear closing instructions to all involved parties
  • Collect and review insurance binders for closing requirements

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual\’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company\’s 401(k) retirement plan.

Seniority level

  • Seniority level

    Entry level

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Accounting/Auditing

  • Industries

    Loan Brokers

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Loan Operations Specialist employer: Vaco by Highspring

At Vaco Boston, we pride ourselves on fostering a dynamic and supportive work environment that empowers our employees to thrive. As a Loan Operations Specialist, you will benefit from competitive pay, comprehensive medical and dental benefits, and a robust 401(k) plan, all while working in a collaborative culture that values growth and development. Located in Quincy, MA, our team is dedicated to providing exceptional service in the banking sector, making it an ideal place for those seeking meaningful and rewarding employment.
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Contact Detail:

Vaco by Highspring Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Loan Operations Specialist

Tip Number 1

Familiarise yourself with Home Equity Line of Credit products. Understanding the specifics of these loans will not only help you in interviews but also demonstrate your genuine interest in the role.

Tip Number 2

Brush up on your communication and organisational skills. Since the role requires coordinating with various parties, showcasing your ability to manage multiple tasks effectively can set you apart from other candidates.

Tip Number 3

Network with professionals in the banking and loan operations field. Engaging with industry contacts can provide valuable insights and potentially lead to referrals, increasing your chances of landing an interview.

Tip Number 4

Prepare for potential interview questions related to processing and closing documents. Being ready to discuss your experience in detail will show that you are well-prepared and knowledgeable about the responsibilities of the role.

We think you need these skills to ace Loan Operations Specialist

Superior Communication Skills
Organisational Skills
Multitasking Abilities
Interpersonal Skills
Attention to Detail
Strong Computer Skills (Word, Excel)
Experience in Consumer Lending Products
Document Processing and Closing
Knowledge of Home Equity Line of Credit
Ability to Work in a Fast-Paced Environment
Coordination Skills
Legal Document Preparation
Customer Service Orientation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant banking experience, especially with Home Equity Line of Credit products. Emphasise your skills in processing and closing documents for consumer lending.

Craft a Strong Cover Letter: Write a cover letter that showcases your superior communication and organisational skills. Mention specific examples of how you've successfully managed multitasking in a fast-paced environment.

Highlight Attention to Detail: In your application, provide examples that demonstrate your attention to detail, particularly in handling service orders and preparing accurate closing documents.

Follow Up: After submitting your application, consider sending a polite follow-up email to express your continued interest in the position. This can help keep you on the radar of the hiring team.

How to prepare for a job interview at Vaco by Highspring

Know Your Products

Familiarise yourself with Home Equity Line of Credit products and consumer lending processes. Being able to discuss these topics confidently will show your expertise and readiness for the role.

Highlight Your Attention to Detail

Prepare examples that demonstrate your attention to detail, especially in document processing and closing. This is crucial in loan operations, so be ready to share specific instances where your meticulousness made a difference.

Showcase Your Communication Skills

Since the role requires superior communication skills, think of scenarios where you effectively communicated with team members or clients. Be prepared to explain how you ensure clarity in instructions and documentation.

Demonstrate Multitasking Abilities

In a fast-paced environment, multitasking is key. Share experiences where you successfully managed multiple tasks simultaneously, particularly in high-pressure situations, to illustrate your capability to thrive in this role.

Loan Operations Specialist
Vaco by Highspring
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