Sr. Loan Administration Specialist

Capital Bancorp Plc-posted 3 months ago
Rockville, MD
Credit Intermediation and Related Activities
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The Loan Administration 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.

  • Completes loan support functions for 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.
  • Updates Core and ancillary Systems to accurately affect loan documentation and to set up taxes and insurance tracking.
  • Review closing package for completeness post-closing.
  • Prepares and enters loan transactions to the Bank's core for loan activation and ensures 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.
  • Tracks loan collateral instruments to ensure recorded documents are returned perfected and the accurate by using tickler systems established on the Bank's core system.
  • Receives and processes loan advances.
  • Reviews requests for advances for all required documentation.
  • Prepares the transaction for input into the loan accounting system.
  • Receives perfected loan collateral documents and ensures timely upload to the Bank's Imaging System.
  • Receives loan payoff requests and prepares the payoff statement in accordance with the loan documentation.
  • Prepares lien releases and sends to appropriate party for processing.
  • Performs loan maintenance and manages request queues to meet department SLAs.
  • Assists with training less experienced staff on department processes and procedures.
  • Helps manage workflow during high volumes.
  • Suggests solutions and assists with implementation of new processes and procedures.
  • Works with accounting to research transactions and reconciliation of loan GLs.
  • Provides documents for internal and external auditors.
  • Assists with special projects.
  • High School Diploma or 6 years bank experience or paralegal experience in a real estate law practice.
  • 1-2 years previous loan department experience preferred.
  • Knowledge of lending and banking policies, procedures, and regulations.
  • Technical Knowledge and Skills in Microsoft Office Suite, FiServ Premier & Navigator, Abrigo Loan Servicing.
  • Excellent written and oral communication skills.
  • Knowledge of lending and operational compliance regulations.
  • Educated on collateral perfection documentation and requirements.
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