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Loan Administration Specialist

Company: Capital Bancorp, Inc.
Location: Rockville
Posted on: June 16, 2022

Job Description:

Position Purpose

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.

Position Responsibilities

* 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.
* 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.
* Post-Closing - Loan Files:
* Completes post-closing audit of new and renewed loans:
* Review completed closing package for completeness.
* Ensures loan documentation are timely uploaded to the Bank's Imaging System.
* Review recorded collateral documents to ensure properly recorded, update tickler system and ensure the documentation is timely uploaded to the Bank's Imaging System.
* Other Duties as Assigned, such as:
* 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

Minimum Education and Experience

* Bachelor's degree in relevant field or equivalent work experience.
* 1-2 years previous loan department experience preferred.
* Knowledge of lending and banking policies, procedures, and regulations.

Technical Knowledge and Skills

* Microsoft Office Suite.
* Excellent written and oral communication skills.
* Knowledge of lending and operational compliance regulations.

Capital Bank, N.A. is an Affirmative Action and Equal Opportunity Employer

Keywords: Capital Bancorp, Inc., Rockville , Loan Administration Specialist, Other , Rockville, Maryland

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