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