| Loan Servicing Clerk III Job Description |
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| The following is a full job description for Loan Servicing Clerk III. Here are the requirements and responsibilities for Loan Servicing Clerk III along with statistics. If after reading this page you determine that Loan Servicing Clerk III is not the position you are looking for, you may want to try one of these similar titles: Loan Servicing Supervisor, Loan Servicing Clerk I, Loan Servicing Clerk II, Loan Servicing Clerk IV, Loan Servicing Manager, Loan Processor III, Loan Servicing Senior Manager, Loan Processing Quality Analyst III, Stock Loan Clerk III |
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| Requirements and Responsibilities For Loan Servicing Clerk III |
| Services and maintains loan accounts by performing routine administrative tasks, ensuring accurate loan records, and providing customer support for the duration of the loan term. Reviews loan documentation and system records to verify payment activity, interest calculations, and account balances. Updates borrower information, processes payments, and applies adjustments such as escrow updates, late fees, or payoff calculations. Responds to borrower inquiries regarding loan balances, payment status, and servicing policies while maintaining compliance with regulatory guidelines. Maintains accurate loan files and supports audits by organizing documentation and verifying data accuracy. Requires a high school diploma. Typically reports to a supervisor. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience. |
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| Also referred to as: Loan Servicing Associate III, Loan Servicing Representative III - Consumer Loans, Loan Servicing Specialist III - Consumer Loans |
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| Similar Jobs: Loan Servicing Supervisor, Loan Servicing Clerk I, Loan Servicing Clerk II, Loan Servicing Clerk IV, Loan Servicing Manager, Loan Processor III, Loan Servicing Senior Manager, Loan Processing Quality Analyst III, Stock Loan Clerk III |
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| Level of Education: Loan Servicing Clerk III Salaries with a High School Diploma or Technical Certificate, Loan Servicing Clerk III Salaries with an Associate's Degree, Loan Servicing Clerk III Salaries with a Bachelor's Degree, Loan Servicing Clerk III Salaries with a Master's Degree or MBA, Loan Servicing Clerk III Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Edu., Gov't. & Nonprofit, Financial Services | |
