Loan Boarding Specialist

Royal Bank of Canada • Newark, DE

122d • $24 - $36

About The Position

The Loan Boarding Specialist is responsible for reviewing all requests for boarding and funding for approval, completeness, and accuracy. This role involves boarding new and renewed consumer, commercial, and mortgage loans, processing advances, payments, and payoffs on various loan products, and maintaining Guarantor records on the loan system. The specialist performs all maintenance, calculates and adjusts interest and fee accruals, determines causes of rejected items, and processes corrections. Additionally, they balance work and prepare appropriate GL entries to various cost centers as required.

Requirements

• Bachelor's Degree or equivalent.
• Minimum 3 years of loan processing experience in a financial institution.
• Minimum 2 years of basic computer experience (e.g. Microsoft Word, Excel, Outlook).

Nice To Haves

• Ability to communicate effectively.
• Able to handle a heavy volume of transactions and multiple tasks.
• Detail oriented with strong follow-up skills.
• Able to manually compute accrual adjustments.
• Ability to operate Personal Computers and WordPerfect/Word Programs.
• Able to operate calculators, encoding, fax and copying machines.

Responsibilities

• Set up all entities, including borrowers, co-borrowers, and guarantors.
• Ensure CIS records have been established prior to funding the loan.
• Familiarize with FASB91 and GAAP accounting guidance related to treatment of fees/costs for new loans.
• Determine if changes to loans are significant based on cash flow comparisons.
• Ensure accuracy of entered pricing and repayment schedules.
• Enter critical information for reporting purposes from various documents.
• Fund loans based on disbursement authorization.

Benefits

• Starting base salary: $24.46 - $36.69 per hour.
• Eligible for bonus and/or commissions.

What This Job Offers

• Job Type: Full-time
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree