Loan Administration

Job Description

Job Description

Benefits :

401(k)

401(k) matching

Bonus based on performance

Competitive salary

Dental insurance

Health insurance

Paid time off

Training & development

Vision insurance

Wellness resources

Trustar Bank is a community bank conceived to meet the banking needs of businesses and individuals in the greater metropolitan Washington DC area. The Organizers of the Bank are experienced bankers, bank investors, and business professionals in the Banks target market area.

We are so proud to have just celebrated our 6th Anniversary and we are continuing to grow. Winners of the Washington Business Journals Best Places to Work for (5) years in a row, we want you to join this exciting, hard working team!

At Trustar, our mission is to be your partner for financial success, to provide a sound investment for our shareholders, and to support our local community.

Our unique approach to financial services and our can do attitude sets us apart from our competition. At Trustar, our philosophy is to provide customized banking solutions and top-notch service that truly addresses your individual needs.

A viable market, sufficient capital, engaged leadership, and strong management are critical success factors for any financial institution. Service differentiates one bank from another. As a community bank, Trustar Banks strategy is to be a personalized alternative to larger, super-regional financial institutions that increasingly dominate the Banks primary market. Our mission statement emphasizes personal service, responsiveness, and a willingness to tailor products and services to meet the needs of our customers.

Trustar Bank is currently seeking an experienced Loan Administration professional that will primarily be responsible for overseeing the loan closing process. This position ensures that all loans are closed in accordance with the Bank's Lending Policy, loan documentation is accurately prepared and executed and all collateral is perfected. Additionally, this position will perform core maintenance, assist with audits and cross train on the post close and quality control processes. The Loan Administrator follows all established policies and procedures of the Bank.

Summary of Job Duties :

• Review Loan packages received for processing by reading through the Loan Presentation Summary and other information provided to ensure coherence, compliance with bank policy and regulations and alert Loan Officer and Manager of any issues discovered in the initial file review to determine resolution.
• Exhibit a high level of comfort and experience in working with attorneys, title companies and insurance companies to support the closing process and find solutions when issues arise.
• Provide guidance and assist with issues that arrive through the due diligence process including issues with flood determination, OFAC, search reports and entity documents.
• Review draft HUD / disbursement authorizations prior to closing.
• Prepare loan documents using loan documentation software or coordinate the production of loan documents by third party attorney providers.
• Conduct loan closings as authorized.
• Thorough understanding of entity documents.
• Assists with HMDA reporting and escrow management.
• Assists with regulatory and internal management reporting.
• Assists with documentation of loan policies and procedures.
• Assists with annual audits by Federal and internal auditors.
• Work with participating banks.
• Perform core system maintenance, loan advances and address changes.
• Filing and scanning as needed.
• Clear and update loan related exceptions to include ucc's, insurance, financials, and other post closing documents.
• Performs other duties as assigned including special projects.

Requirements Include :

• Minimum five to seven years experience in loan administration both real estate loan administration and post-close loan administration. (Banking)
• Bachelor's degree preferred in a related field.
• Previous knowledge of Loan Documentation
• Prior experience and knowledge of Jack Henry Silverlake a plus
• Prior experience and knowledge of LaserPro
• Must have exceptional Customer Service skills
• Must have exceptional problem-solving skills and strong attention to detail.
• Ability to work effectively under pressure in a fast-paced environment, both autonomously and in a group.
• Ability to take ownership of assignments and projects and follow through until tasks are completed.
• Computer literacy in Word, Excel and Outlook
• Excellent written and oral communication skills

Trustar Bank has grown rapidly since it's start in 2019. With an all-star team and fast-paced environment, this is an exciting opportunity to join the Loan Administration Team. We also provide an outstanding benefits package to include a NO Deductible health care plan, a strong 401(k) with discretionary company match, LifeLock premier for all employees, and a generous PTO plan. We are an equal opportunity employer. Please note this is an in-office position and a professional environment.