Loan Administration and Servicing Manager at Capital Bank, N.A.

Rockville, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Oct, 26

Salary

115000.0

Posted On

16 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Servicing, Loan Processing, Commercial Lending, Microsoft Office Suite, FiServ Premier, FiServ Navigator, Transaction Processing, Compliance Regulations, Loan Accounting, Customer Service, Organizational Skills, Written Communication, Oral Communication, Attention To Detail, SLA Management, Staff Management

Industry

Banking

Description

About Us Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey. Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker. Position Purpose The Loan Administration and Servicing Manager 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 all loans, and maintenance of related records in accordance with the Bank’s policies and legal requirements. This includes management of all incoming service requests within SLA guidelines. Position Responsibilities Oversees processes and staff responsible for loan support functions, including: Management of all incoming service request cases and assignments, with timely completion, accuracy, escalation, recordkeeping, and adherence to SLA requirements and servicing guidelines. The processes related to loan payments, advances and other monetary transactions Review of loan documentation and systems to prepare payoff requests, loan maintenance and research. Ensuring that supporting loan documentation is uploaded to the Bank’s imaging system on a timely basis. Oversees process and staff responsible for updating core and ancillary systems to accurately reflect loan documentation and to set up taxes and insurance tracking. Oversees process and staff responsible for receiving and processing loan advances: Review requests for all required documentation. For Construction Loan Draws, proper requirements are met prior to each draw. For Asset Based Loan Draws, proper requirements are met prior to each draw. Prepares the transaction for input into the loan accounting system. Ensures supporting documentation is uploaded to the Bank’s imaging system. Oversees process for loan payoff requests: Review request and prepare payoff statements in accordance with guidelines. 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 uploaded to the imaging system. Ensures the collateral records in the loan accounting system are properly updated to reflect any released or changed collateral. Manage loan maintenance requests and case assignments, working with team on evaluation and escalation as needed, adhering to SLA requirements and servicing guidelines, including: Loan research Statement requests Borrower base updates Participation payments Payment schedule adjustments Other Duties as Assigned, such as: Assists with special projects. Participates in any department activities to promote efficiency and quality Cross training staff to ensure team is well versed in all aspects of duties within the department. Minimum Education and Experience High School Diploma or 4 years bank experience 2 years previous experience in commercial loan processing/servicing environment Knowledge of lending and banking policies, procedures, and regulations Technical Knowledge and Skills Microsoft Office Suite Strong experience with loan core account systems and transaction processing Experience in the Loan Servicing environment Excellent written and oral communication skills. Excellent attention to detail and organizational skills Knowledge of lending and operational compliance regulations. Preferred experience with FiServ Premier & Navigator systems Compensation Base Salary Range: $90,000 - $115,000 annually. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description. Additional Compensation: This role will include a yearly annual target bonus based on individual performance. Working Arrangements This is a hybrid role expected to work in office on Monday, Tuesday, Thursday, and Friday. You will be able to work remotely on Wednesday. This person will ideally sit out of our Rockville, MD headquarters location. Why Join Us? Join a growing company with a culture that fosters an entrepreneurial spirit Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more? Company Contributions to your 401k - Regardless of your contribution Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more! Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities Supporting Businesses. Helping People. Strengthening Communities. Capital Bank, N.A. is an E-Verify, Affirmative Action and Equal Opportunity Employer.

Responsibilities

Oversees the loan administration and servicing team to ensure accurate processing of loan payments, advances, and payoff requests. Manages service request cases and maintains loan records in compliance with bank policies and legal requirements.