Senior Loan Documentation Specialist

Capital Bancorp Plc • Rockville, MD

191d • $60,000 - $90,000 • Hybrid

About The Position

The Senior Loan Documentation Specialist is responsible for delivering high level and quality customer service. They are expected to interact closely with Loan Officers, their Administrative Assistants, Credit and other Departments to support the ongoing servicing of new and renewed loans and maintaining the Bank's loan files in accordance with the Bank's policy and legal requirements.

Requirements

• Bachelor's degree in relevant field or equivalent work experience.
• 3-5 years previous loan department experience preferred.
• Knowledge of lending and banking policies, procedures, and regulations.
• Technical Knowledge and Skills: Microsoft Office Suite, LaserPro or equivalent Fiserv Navigator/Premier.
• Excellent written and oral communication skills.
• Knowledge of lending and operational compliance regulations.

Responsibilities

• Completes post-closing audit of new and renewed loans: Verifies loan information by comparing data and confirming that the coding is accurate and in compliance with Bank's policy and legal requirements.
• Review closing package for completeness.
• Prepare the loan input forms for input into the loan accounting system.
• Prepares and enters the transaction to the Bank's core for loan activation and ensuring that costs associated with the loan are posted to the correct general ledger accounts.
• Ensures certain core loan documentation is timely uploaded to the Bank's Imaging System.
• Ensures loan collateral instruments are promptly sent for perfection and the accurate follow up tickler items are established on the Bank's core system.
• Receives and reviews new loan advances: Review the request for advance and ensure that the draw advance of principal in compliance with loan documentation.
• For Construction Loan Draws, review the inspection report and draw back up for compliance with Bank's policy.
• Prepares the transaction for input into the loan accounting system.
• Ensures the request and supporting documentation are timely uploaded to the Bank's Imaging System.
• Receives perfected loan collateral documents: Review recorded collateral documents to ensure properly recorded.
• Update tickler system.
• Ensure the documentation is timely uploaded to the Bank's Imaging System.
• Receives loan payoff requests: Reviews the request and prepares the payoff statement in accordance with the loan documentation.
• Receives and processes the payoff in the loan accounting system.
• Prepares lien releases and sends to appropriate party for processing.
• Ensures payoff and release documentation is timely uploaded to Imaging System.
• Ensures the collateral records in the loan accounting system are properly updated to reflect any released or changed collateral.
• Provides documents for internal and external auditors.
• Assists with special projects.
• Participates in any department activities to promote efficiency and quality.
• Cross trains to learn other job duties within the department.

Benefits

• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more!
• Company Contributions to your 401k - Regardless of your contribution.
• Paid Parental Leave.
• Employee Recognition Program.
• Leadership Program.
• Tuition Reimbursement Program.
• Employee Bank Checking Account.
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities.

What This Job Offers

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