Commercial Loan Processor

Taylor Bank

2h • Onsite

About The Position

At Taylor Bank, everything we do is about serving our community and building strong customer relationships.

WE ARE SEEKING:
A Commercial Loan Processor to work in our Berlin, Maryland corporate office (this is not a remote position).

Requirements

• Associate’s degree from two-year college or university in Business, Accounting, Finance or related field. Prior experience in loan processing or a related field is preferred, however, a minimum of 5 years of experience in a related field will be considered in lieu of education requirement.
• Solid computer skills.
• Basic Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).

Responsibilities

• Preparing complete and accurate preliminary loan documents, within specified regulatory timeframe.
• Preparing complete and accurate closing documents, in accordance with bank and regulatory guidelines.
• Preparing commitment letters and mortgage advance/modification documents.
• Completing appropriate documents for renewals/extensions.
• Evaluating business/corporate documents and requiring appropriate documentation based on such.
• Ensuring accurate organizational documents are obtained from commercial loan customers.
• Tracking receipts of necessary documents prior to loan settlement.
• Pulling flood certifications, ordering titles and appraisals when appropriate.
• Providing appraisers with necessary documentation necessary to complete the assignment.
• Obtaining required insurance and verifying proper coverage is in place prior to loan settlement.
• Processing payments and advances once proper authorization has been received.
• Understanding Beneficial Ownership and its importance as a key regulatory requirement.
• Demonstrating thorough knowledge of the Bank’s loan policies and procedures along with banking regulations.
• Having a strong knowledge and understanding of all loan production software.
• Understanding the requirements for different types of loans.
• All other tasks as assigned.

Benefits

• Growth opportunities.
• A friendly, collaborative work environment.
• An amazing benefits package: including affordable medical, dental and vision plans; Health Savings Account with employer contribution; employer paid Life, short-term and long-term disability insurance; 401(k) with company match; generous paid time off, paid parental leave and more.
• This is an hourly, non-exempt position. Overtime will be paid for over 40 hours worked in a work week. We also have a discretionary bonus plan, subject to company performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree