Loan Administrator II

Automatic Data Processing, Inc.; Virginia Beach (VA); On-site; USD 60,000 - 70,000; Full time

Job summary

FVCbank seeks a Loan Administrator II to support the Commercial Lending Staff and Loan Administration in day-to-day operations of the commercial lending division.

Responsibilities include processing new loan files, coordinating closings, ensuring collateral records, and maintaining accurate loan documentation and HMDA-related worksheets in compliance with applicable laws.

Qualifications

• High school diploma.
• Minimum 2 years in banking.
• Detail oriented.
• Proficient in Microsoft Office (Excel/Word).

Responsibilities

• Receive new loan files, verify approvals, establish check list, advise loan officer of missing information.
• Coordinate closing with loan Administration, and deliver documents from settlement.
• Ensure recordation of collateral documents and verify loan booked correctly with Horizon and reserve accounts.
• Establish auto transfer when necessary.
• Engage with clients to answer questions regarding loan and deposit products.
• Verify payoff amounts and post transactions; verify loan closed and release collateral.
• Monitor exception reports for reporting requirements; liaise with guarantors to collect documents.
• Update ticklers; scan documents and organize files on Shared Drive and M Files.
• Receive Sharefile documents and notify lenders.
• Analyze Bank Secrecy Act documents for accuracy and compliance.
• Coordinate with agents to obtain updated certificates of insurance.
• Send third party requests per guidelines.
• Maintain pipeline reports within Sageworks and keep client data up to date.
• Review loans in process and contact lenders/guarantors as needed.
• Write commitment letters and term sheets per guidelines.
• Prepare HMDA worksheets for monitoring compliance.
• Ensure client shared drive files are organized and maintained.

Skills

Detail oriented

Strong written and verbal коммуника—?

Education

College degree in finance (preferred)

Tools

Microsoft Office

Excel

Word

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Loan Administrator II

8 days ago Requisition ID: 1473

Salary Range: $60,000.00 To $70,000.00 Annually

FVCbank

Loan Administrator II - Job Description

Title: Loan Administrator II
Department(s): Loan Department
Reports to: SVP/Regional Market President, Hampton Roads

Salary Range:$60,000.00 - $70,000.00 Annually

About Us:

Since opening our doors in 2007, FVCbank has incorporated a vision of creating a positive and empowering work environment for our employees. Our continuous efforts in supporting our employees to be successful is one of our most important responsibilities. We believe that in order to provide exceptional service to our customers and the community, our employees must be a priority. If you want to join a company that is dedicated to helping you be successful and grow in your career, then join us at FVCbank.

Job Summary

Loan Administrator II supports the Commercial Lending Staff and Loan Administration management in the day-to-day operations of the commercial lending division.

Essential Job Functions

• Receive new loan files, verify approvals, establish check list, advise loan officer of missing information.
• Upon receipt and approval of all required pre-closing documentation, coordinate closing with loan Administration, and deliver of documents from settlement.
• Ensure recordation of collateral documents and verify loan was booked correctly on Horizon with all necessary reserve accounts in place.
• Establish auto transfer, when necessary.
• Engage with clients to answer questions regarding loan and deposit products.
• Verify payoff amounts and post transactions, verify loan closed and release collateral.
• Monitor exception reports for reporting requirements. Review corporate and personal financials ensuring they comply with loan approvals including liaising with guarantors to collect the necessary documents.
• Update ticklers once documents are received. Scan documents and organize files in Shared Drive and M Files.
• Receive Sharefile documents and ensure proper organization on the shared drive and notification to lenders
• Analyze and prepare all documents related to the Bank Secrecy Act by reviewing entity documents to determine accuracy of information and ensuring compliance with all aspects of the BSA Act.
• Follow up with insurance exception reports and coordinate with agents to obtain updated certificates of insurance.
• Send out third party requests as per approval guidelines.
• Help maintain pipeline reports within Sageworks and keep client data up to date
• Proactively review loans in process and reach out to lenders regarding outstanding items- further communicate to borrowers / guarantors if required
• Write up commitment letters and term sheets outlining terms and conditions as per approval guidelines.
• Prepare HMDA worksheets for monitoring purposes ensuring bank remains in compliance with equal credit opportunity, fair housing and home mortgage disclosure laws.
• Ensure client shared drive files are organized and properly maintained in accordance with the directive.

Job Requirements

• High school diploma
• Minimum 2 years in banking
• Detail oriented
• Working knowledge of Microsoft Office, excel and word skills
• Adaptability to other software programs
• Solid business writing skills
• Good organizational skills

Abilities Required

• Strong written and verbal communication skills
• Strong and effective planning and organizational skills
• Ability to interact with all levels of management, employees, industry peers, and customers
• Ability to prioritize multiple competing tasks

Desired Skills

• College degree, preferable in finance, a plus
• Professional and effective interpersonal skills

Essential Functions

• Ability to sit, stand, kneel, and bend for extended periods of time
• Must be able to operate a computer keyboard, mouse, and other computer components
• Ability to converse and exchange information with all levels of staff within the organization