Commercial Loan Processor at Taylor Bank

, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

21 May, 26

Salary

29.82

Posted On

20 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Processing, Document Preparation, Regulatory Compliance, Closing Documents, Commitment Letters, Business Document Evaluation, Loan Policies, Banking Regulations, Loan Production Software, Flood Certifications, Title Ordering, Appraisal Ordering, Insurance Verification, Payment Processing, Beneficial Ownership Knowledge, Computer Skills

Industry

Banking

Description

Description LEND YOUR SKILLS TO A GREAT OPPORTUNITY At Taylor Bank, everything we do is about serving our community and building strong customer relationships. WE ARE SEEKING: A Commercial Loan Processor to work in our Berlin, Maryland corporate office (this is not a remote position). YOU WILL BE RESPONSIBLE FOR: Preparing complete and accurate preliminary loan documents, within specified regulatory timeframe. Preparing complete and accurate closing documents, in accordance with bank and regulatory guidelines. Preparing commitment letters and mortgage advance/modification documents. Completing appropriate documents for renewals/extensions. Evaluating business/corporate documents and requiring appropriate documentation based on such. Ensuring accurate organizational documents are obtained from commercial loan customers. Tracking receipts of necessary documents prior to loan settlement. Pulling flood certifications, ordering titles and appraisals when appropriate. Providing appraisers with necessary documentation necessary to complete the assignment. Obtaining required insurance and verifying proper coverage is in place prior to loan settlement. Processing payments and advances once proper authorization has been received. Understanding Beneficial Ownership and its importance as a key regulatory requirement. Demonstrating thorough knowledge of the Bank’s loan policies and procedures along with banking regulations. Having a strong knowledge and understanding of all loan production software. Understanding the requirements for different types of loans. All other tasks as assigned. YOU SHOULD HAVE: Associate’s degree from two-year college or university in Business, Accounting, Finance or related field. Prior experience in loan processing or a related field is preferred, however, a minimum of 5 years of experience in a related field will be considered in lieu of education requirement. Solid computer skills. Basic Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint). WE OFFER: Growth opportunities. A friendly, collaborative work environment. An amazing benefits package: including affordable medical, dental and vision plans; Health Savings Account with employer contribution; employer paid Life, short-term and long-term disability insurance; 401(k) with company match; generous paid time off, paid parental leave and more. This is an hourly, non-exempt position. Overtime will be paid for over 40 hours worked in a work week. We also have a discretionary bonus plan, subject to company performance. TAKE THE FIRST STEP! Click the Apply button to access the online application then complete a brief required assessment found HERE. Taylor Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their status as protected veterans or individuals with disabilities, their race, color, religion, sex, sexual orientation, gender identity or national origin.

Responsibilities

The Commercial Loan Processor is responsible for preparing complete and accurate preliminary and closing loan documents according to bank and regulatory guidelines, handling commitment letters, renewals, and tracking necessary pre-settlement documentation like flood certifications, titles, and appraisals. This role also involves processing payments, understanding Beneficial Ownership requirements, and demonstrating thorough knowledge of bank loan policies and production software.