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LMA Loan Servicing Specialist

Company: Bank of America
Location: Pennington
Posted on: November 25, 2022

Job Description:

LMA Loan Servicing Specialist

Pennington, New Jersey;Jacksonville, Florida

**Job Description:**

This LMA Loan Servicing role supports the growing LMA loan product which has grown from $28B in outstanding loans to over $43B today. The core responsibility is to provide LMA loan and banking support to Merrill Lynch branch office partners, related to all aspects of the LMA lending product. This includes variable vs fixed loan interest rates, navigating various online tools for opening LMA accounts, available credit, preparing loan documents, pledge account eligibility, and setting up account features such as FTS, LMA overdraft, and automatic payments.

The role also can involve offline LMA activities such as Email Inbox support, metric analysis, developing PowerPoint ask MERRILL content, drafting Service Weekly articles, revising training or procedural materials, cross-training in new functions or other ad hoc projects. The role results in many new relationships with various key LMA Operations areas, Underwriting Teams and LMA Business partners, which opens up numerous career opportunities in a banking/lending path.

Required Skills:

  • 1-2 years' experience with strong service skills and a thorough working knowledge of the Merrill brokerage platform.
  • Team player and positive attitude towards ensuring team goals are met, and enthusiastic about receiving offline assignments and growing through opportunities.
  • Proven experience adhering to process, policies, and regulatory requirements while working in a fast paced environment
  • Must have experience with gathering, absorbing and using facts / information to make effective decisions and develop sustainable solutions to problems and deescalate issues
    Desired Skills:

  • Experience with WMW, CEW, and myMERRILL screens and views
  • Strong writing skills for various offline assignments andprojects.
  • Strong working knowledge of ask MERRILL.
  • General knowledge of banking and loan products; strong interest in banking/finance career field.
    **Job Band:**

    H6

    **Shift:**

    1st shift (United States of America)

    **Hours Per Week:**

    40

  • *Weekly Schedule:**
  • *Referral Bonus Amount:**
    0

    **Job Description:**

    This LMA Loan Servicing role supports the growing LMA loan product which has grown from $28B in outstanding loans to over $43B today. The core responsibility is to provide LMA loan and banking support to Merrill Lynch branch office partners, related to all aspects of the LMA lending product. This includes variable vs fixed loan interest rates, navigating various online tools for opening LMA accounts, available credit, preparing loan documents, pledge account eligibility, and setting up account features such as FTS, LMA overdraft, and automatic payments.

    The role also can involve offline LMA activities such as Email Inbox support, metric analysis, developing PowerPoint ask MERRILL content, drafting Service Weekly articles, revising training or procedural materials, cross-training in new functions or other ad hoc projects. The role results in many new relationships with various key LMA Operations areas, Underwriting Teams and LMA Business partners, which opens up numerous career opportunities in a banking/lending path.

    Required Skills:

  • 1-2 years' experience with strong service skills and a thorough working knowledge of the Merrill brokerage platform.
  • Team player and positive attitude towards ensuring team goals are met, and enthusiastic about receiving offline assignments and growing through opportunities.
  • Proven experience adhering to process, policies, and regulatory requirements while working in a fast paced environment
  • Must have experience with gathering, absorbing and using facts / information to make effective decisions and develop sustainable solutions to problems and deescalate issues
    Desired Skills:

  • Experience with WMW, CEW, and myMERRILL screens and views
  • Strong writing skills for various offline assignments andprojects.
  • Strong working knowledge of ask MERRILL.
  • General knowledge of banking and loan products; strong interest in banking/finance career field.
    **Shift:**

    1st shift (United States of America)

    **Hours Per Week:**

    40

    Learn more about this role

    Full time

    JR-22086053

    Band: H6

    Manages People: No

    Travel: No

    Manager:

    Talent Acquisition Contact:

    Nicole Ellis [C]

    Referral Bonus:

    0

    Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

    To view the "EEO is the Law" poster, CLICK HERE ( .

    To view the "EEO is the Law" Supplement, CLICK HERE ( .

    Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

    To view Bank of America's Drug-free workplace and alcohol policy, CLICK HERE .

Keywords: Bank of America, Trenton , LMA Loan Servicing Specialist, Other , Pennington, New Jersey

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