Boston Private Bank & Trust Company

  • Loan Servicing Specialist II

    Job Locations US-MA-Boston
    Posted Date 5 days ago(9/17/2019 9:47 AM)
    Job ID
    # of Openings
    Loan Administration
  • Overview

    Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. Boston Private is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses. 

    Headquartered in Boston, Boston Private has offices across the U.S. including Boston, San Francisco, San Jose, Los Angeles and South Florida. Private banking and trust services are provided through Boston Private Bank & Trust Company. Wealth management services are provided through Boston Private Wealth LLC, an SEC registered investment adviser and a wholly owned subsidiary of Boston Private Bank & Trust Company.


    Responsibility for reviewing the accuracy and completeness of all transactions related to loans, including workflows.  Provides a variety of activities to support the processing of transactions and payments on loan accounts.  Performs a variety of loan operations activities in accordance with department policies and procedures. Provides prompt and courteous service to clients and internal staff. 




    • Performs a variety of loan transactions including payments, payoffs, various escrow transactions, loan disbursements and transfers
    • Addresses inquiries and research requests from internal and external clients. Uses all tools available to perform research, analyze transactions and follow through on appropriate resolution. Communicates results in a professional and prompt manner
    • Tracks loan documentation in and out of department. Archives documents to optical storage. Responds to various document requests
    • Balances transaction tickets and GL entries to system totals
    • Performs loan file maintenance as requested. Ensures proper approvals are evident. Also performs routine maintenance in executing proper procedures for other loan administrative tasks
    • Completes monthly remittance for Investor reporting, loans including monthly balancing
    • Execute single loan sales, servicing released, to various investors including tracking of first payments owed BPB&TC, payoff and transfer of the loan fund
    • Coordinate and pay escrow accounts including escrow yearly escrow analysis and tracking non escrow loans: Assist in insurance monitoring
    • Participate in Bank Operations project initiatives related to efficiency, service delivery improvements and regulatory issues
    • Assists in department special projects and other duties as assigned





    • BS/BA preferred with a minimum of 3 years' experience in financial services, preferably in loan operations environment
    • Attention to detail and ability to self-motivate and juggle multiple assignments with speed, accuracy and attention to detail
    • Organized with good time management and analytical skills. Works well in a team environment
    • Proficient in Microsoft Office
    • Familiarity with state and federal banking regulations
    • Strong analytical skills and attention to detail
    • Ability to communicate effectively, orally and in writing to all levels of responsibility
    • Knowledge of loan core processing systems and optical storage systems, preferably Fiserv Signature and Nautilus

     Boston Private is an Equal opportunity Employer  


    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed