Loan Specialist Jobs in Germantown, MD

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Loan Specialist
Loan Processor
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Loan Closer
  • Mortgage Loan Processor

    Straussgroup-Executive Search Consultants 3.6company rating

    Loan Specialist Job 22 miles from Germantown

    Are you ready to be a key player in helping families achieve their dreams of homeownership? As a Loan Processor, you'll work directly with homebuyers to guide them through one of the most important financial decisions of their lives. You'll thrive in an environment that values respect, empowerment, and growth, all while enhancing the customer experience and supporting your professional development. With your customer service skills and financial acumen, you'll make a difference for families in your community and help them secure quality homes. What You'll Do: Transform Lives Through Exceptional Service: Your role will be essential in creating an outstanding homebuying experience. You'll build relationships with homebuyers, providing them with expert guidance and clear communication throughout the entire loan process. Collaborate Across Teams: Be the vital link between the borrower, the sales team, and underwriting. Ensure that every customer feels supported and informed at every stage of their journey to homeownership. Manage Loan Files with Precision: Handle multiple loan files simultaneously, gather required documentation, and ensure timely and accurate processing of all mortgages. Ensure Smooth Closings: From setting up loan files to coordinating closing paperwork, you'll ensure that all documents are complete and correct before passing them to the closing team for a seamless process. What We're Looking For: A Customer Service Champion: You're a pro at communication, both verbal and written, with a strong commitment to providing an outstanding customer experience. A Detail-Oriented, Multi-Tasking Expert: You can juggle multiple priorities, stay organized, and ensure nothing slips through the cracks. Preferred Education: A Bachelor's degree or relevant experience is a plus! Why You'll Love Working Here: Training & Growth Opportunities: Get hands-on, in-office training and support to grow your skills and advance your career. Path to Leadership: Start your journey as a Loan Processor and work towards advancement! Impact Your Community: Your role is more than a job-it's an opportunity to make a lasting difference in the lives of families in your area. Ready to help families achieve their homeownership dreams? Send your resume to ********************* today!
    $45k-62k yearly est. 31d ago
  • Loan Review Specialist

    Unitedbankt1

    Loan Specialist Job 22 miles from Germantown

    The Loan Review Specialist performs reviews of commercial and consumer loans within the banks portfolios to ensure compliance with established policies, industry standards, and risk acceptability tolerances. RESPONSIBILITIES: Analyze all loan data, data provided by customers and internal records including: credit analysis, loan documentation, credit files, and industry and/or geographic analysis on all credits/relationships within the bank's portfolios to ensure accuracy Ensure completeness and accuracy of all information entered into the Loan Review System. Identify loans that have missing financial information, are out of compliance with policy, have missing documentation, and/or exceed bank lending standards and risk tolerances, regulatory thresholds, or industry financial averages. Interact with management, account officers, and portfolio managers in a prompt and professional manner. The Loan Review Specialist may be trained and required to prepare line sheets, assign risk grades, identify exceptions, and prepare summaries on all credit or relationships reviewed and provide to account officer, portfolio managers, and management.\ Assist in the tracking of the hard copy files that are received and sent to review location. Qualifications Bachelor's degree in Business Administration or Finance is highly desired. Minimum of 1 year of related professional experience or working Banking experience is required. Strong understanding of accounting/finance concepts and ability interpret financial reports. Proficiency in Microsoft Office products required. Prior financial analysis software such as Moody's is highly desired Excellent written and verbal communication skills required Ability to demonstrate strong customer relations skills Strong analytic skills and ability to perform mathematical calculations Must be able to multi-task and work with minimal supervision. Ability to travel as needed within the local area and out-of-state. ESSENTIAL FUNCTIONS: Sitting for extended periods of time. Sufficient dexterity of hands and fingers to efficiently operate a computer keyboard, mouse, and other computer and telephone components. Ability to converse and exchange information with all levels of staff within organization. Ability to view, observe, perceive, identify, and translate data Ability to travel via air, rail, automobile and/or bus. Company Profile With over 175 years of experience, United Bank is one of the region's premier banks with locations in West Virginia, Virginia, Washington, DC, Maryland, Ohio, and Pennsylvania. A subsidiary of United Bankshares, Inc., with dual headquarters in Washington, DC and Charleston, WV, we are a full service financial institution with over $19 billion in assets. At United Bank, our people are our greatest asset. Our company is a perfect fit for hard-working, driven individuals as we provide a culture that is entrepreneurial, efficient, relationship-based and service-oriented. United is proud of our record of growth and our commitment to service - not only to our customers, but also to the communities in which we live and work. United encourages our employees to become involved in the community and in professional activities, and we provide continued training and other support to help all employees achieve their full potential.
    $32k-68k yearly est. 60d+ ago
  • Loan Servicing Rep III

    Tower 4.7company rating

    Loan Specialist Job 23 miles from Germantown

    $1,000 Signing/Retaining Bonus effective 1/20/2024 Hours: Monday-Friday 8:00am-4:30pm Note: All full-time positions include the option of $0 out-of-pocket premium cost for Employee Only PPO AND exceptionally low premiums for all other PPO coverage levels. Hiring Range - $27.41./hr - $41.11/hr SUMMARY OF POSITION: The Loan Servicing Representative III is responsible for providing effective loan servicing to Tower members, quality control of post closing issues, and effectively supporting investor loan sales and service. PRINCIPAL ACCOUNTABILITIES AND FUNCTIONS: Provides timely and effective service to members, employees, and related business relationships to the administration and servicing of Tower Federal Credit Union's loan products. Provides training and job task assistance to fellow employees. Provides escrow administration for new and existing real estate loans. Maintains quality control of mortgage and consumer loans. Prepares accurate and timely required daily and monthly investor reports as required by Freddie Mac and Fannie Mae. Produces and reconciles all daily, FICS (mortgage) settlements. Researches and processes FICS exception payments. Researches and resolves all general ledger differences. Participates in audits both internal and external. Prepares all daily and monthly reports plus handles all remittance requirements for the Federal Home Loan Mortgage Corporation (FHLMC) and the Federal National Mortgage Corporation (FNMA). On a monthly basis, researches “Cash to Test” and “Pool to Security” or actual shortage/surplus differences including gathering supporting documentation, reconciling the difference, and correcting the investor or Tower information. Responsible for accurate timely preparation, input, and delivery of loans for sale to Freddie Mac and Fannie Mae. Processes complex Summit and FICS corrections and is responsible for partial releases, insurance loss, etc. Responsible for tracking, processing, and payment of all real estate taxes, hazard insurance, private mortgage insurance, and other miscellaneous escrow items based on standard mortgage system reports. Responsible for the set up of escrow items in the FICS (mortgage system). Accurately completes FICS monthly and yearly processing and reporting, including Credit Bureau Reporting, deferred income accounting, IRS, various internal reports and home equity PMI reporting. Handles complex post closing and consumer loan collateral issues. Prepares and reviews tax and insurance disclosure notices on a monthly basis making the necessary adjustment to the loan account and any automatic payment. Produces and reviews interest rate change notices, payment change notices for Summit and FICS on a monthly basis. Responsible for the final review of equity and mortgage loan files before the Senior Loan Servicing Representative or Manager, Loan Servicing. Participates in special projects and assignments under the direction of Loan Servicing Management. REQUIRED QUALIFICATIONS: Associates degree plus 1-2 years experience or 4 years directly related experience Demonstrates a thorough knowledge of real estate lending practices, including federal regulatory requirements, state regulations, FNMA/FHLMC guidelines, VA, and private investor guidelines. COMPETENCIES: Ability to apply concepts of fractions, percentages, ratios and proportions to practical situations with a high degree of accuracy. Ability to interpret, understand and apply Investor and regulatory requirements. Ability to grasp and understand legal documents. Ability to operate a personal computer, to include: word-processing and excel. Ability to grasp and understand loan servicing operating procedures and standards. Ability to read, write and accurately interpret documents such as procedure or technical manuals Ability to communicate verbally or in writing, either independently or with minimum supervision. Ability to effectively communicate with title companies or attorneys. Ability to read, analyze and accurately interpret and apply policies, procedures, operating manuals and instructions related to loan servicing functions. Ability to define problems, collect data, establish facts and draw valid conclusions Ability to solve problems with many concrete variables in a variety of situations Ability to focus on detail and verify accuracy of numbers and text Ability to exercise discretion with members and co-workers. Ability to adapt to changes with internal, market or regulatory environments. Ability to prioritize diverse job assignments and meet established deadlines Ability to work under stress Able to arrive at work routinely and promptly Ability to effectively organize loan files and documents. Ability to perform in a multi-task environment with excellent skills in prioritizing tasks. Ability to understand and respond to needs of others Ability to persuade others to consider a course of action Ability to respond to sensitive inquiries, objectives and complaints Ability to maintain sensitive and confidential information Ability to coach and effectively train staff on their job duties Has knowledge of and adheres to credit union policies and procedures and all regulations related to the Bank Secrecy Act, the USA PATRIOT Act and OFAC. WORKING CONDITIONS: Ability to sit, stand and walk for extended periods and demonstrate sufficient dexterity and vision to operate a variety of office equipment. Ability to lift up to 20 lbs. with or without assistance. Ability to work the hours needed which may extend beyond the defined work schedule when operating conditions dictate. Ability to sit for extended periods of time and demonstrate sufficient dexterity and vision to operate a variety of office equipment. Ability to periodically work overtime when operating conditions dictate. TFO Clearance Required
    $61k-110k yearly est. 60d+ ago
  • Loan Specialist

    Fedchoice Federal Credit Union

    Loan Specialist Job 26 miles from Germantown

    Full-time Description FedChoice is Hiring! Have you worked in consumer lending? Do you have experience in the credit union or banking industry? Are you ready to embark on a thrilling financial adventure? We are seeking a motivated, member-focused, target-driven team member to join our Lending Services team as a Loan Specialist. What You'll be Doing... FedChoice is looking for a Loan Specialist who is responsible for servicing members in the area of lending related services by guiding members through the entire loan process. This includes accurate and timely loan origination, processing, closures, disbursements and maintenance of Consumer, VISA and Home Equity loan applications. Interviews members to obtain all relevant information in order to provide the best possible solution(s). Communicates to members final application solutions. With knowledge of the Credit Union's various loan products, the Loan Specialist helps members to understand the different loan options and benefits. Key Areas of Focus... · Interviews members to determine eligibility to apply for a loan and obtain all required and applicable information in order to submit a complete application for decisioning. · Keeps members informed of Credit Union services, products and policies. · Reads and analyzes members' credit reports to ask questions and then obtain answers and reasons from members (i.e. employment, deregulatory accounts, details of loans, etc.). · Explains loan options, rates, terms and collateral requirements. · Ensures the loan application/package is complete prior to referring to Underwriting. · Processes and disburses approved loans accurately and according to standards. · Researches, responds, and resolves member requests and questions promptly, courteously and professionally. · Actively and professionally cross-sells Credit Union products and services. · Any other duties as assigned. Requirements You should have: · High school graduate or equivalent. Must be registered through the National Mortgage Loan system (NMLS) and must maintain registration. Minimum TWO (2) years of consumer loan interviewing, processing, closing and funding of consumer loans, along with documentation and disclosures experience for unsecured and secured loans. Proficient with Microsoft Office. Exceptional written and verbal communication. Preferred: · Symitar and MeridianLink knowledge and experience are a plus · Credit Union or financial institution experience. When you join FedChoice You are not joining just another credit union; you are joining a progressive financial institution. At FedChoice Federal Credit Union, we offer an altogether better banking experience for federal employees and their families and an altogether better working experience for FedChoice employees. Our competitive benefits and perks include: · Birthday Bliss: Take your special day off and celebrate YOU! We want you to enjoy the moments that matter. · Casual Chic: Say goodbye to stuffy suits! Embrace the comfort of jeans and sneakers with your FedChoice shirt because great ideas flow best when you're feeling your best. · Tuition Triumph: Invest in your education with our Tuition Reimbursement program. Your quest for knowledge is important. · Helping Hand: Life happens, and we've got your back. Our Employee Assistance Program provides support when you need it most, ensuring you're never alone in facing life's challenges. · Loan Leverage: Unlock exclusive Employee Loan Rates because we understand that sometimes you need a financial ally. · Flexible Freedom: Break free from the traditional 9-to-5! Depending on your role, a hybrid schedule offers the flexibility to tailor your work life to your unique needs. · Healthcare Heroes: Medical, dental, and vision coverage - it's like having a magical shield against unexpected health dragons. Plus, life insurance? That's your superhero cape! · 401(k) Match: Imagine planting a money tree, and every dollar you save grows wings! Our Safe Harbor Contribution and 401(k) match is like a fairy godmother sprinkling financial pixie dust. · Flexible Spending Account (FSA) or Health Savings Account (HSA): These accounts are like treasure chests. Fill them with pre-tax gold (okay, money), and use it for health expenses. It's like having a magic wallet! Join us at FedChoice where every day is an opportunity to thrive, grow, and celebrate the extraordinary YOU! FedChoice is an equal-opportunity employer. Salary Description $19.40 - $25.00 hourly
    $19.4-25 hourly 60d+ ago
  • Mortgage Loan Processor-bilingual in English and Spanish.

    Capital Bank Career 4.5company rating

    Loan Specialist Job 23 miles from Germantown

    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 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 5 out of 6 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker. Position Purpose Capital Bank is looking for a Mortgage Loan Processor to join our team. The Mortgage Loan Processor works closely with loan originators to process mortgage loans in order to provide a seamless customer experience. The Mortgage Loan Processor's primary function is to ensure the timely and accurate submission of loans to Underwriting. Position Responsibilities Gathers and analyzes documentation and other information to take each loan application from once setup to closing Contacts borrowers and referral sources as an introduction within 3 days (72 hours) of receipt Reviews all income documentation to ensure that is accurate and supports the guidelines in place for a specific loan product Reviews product guidelines to make sure that the loan fits and the necessary documentation is obtained, including: Verify 2 years of continued employment - document any gaps Review asset documentation Review credit report Review appraisal Review title work Review hazard insurance Obtain payoffs on refinances by contacting current mortgage holder Make sure all documentation is legible Obtain all required certifications from agent - termite, well, septic, etc. and review upon receipt. Actions as needed. Monitor daily closing schedule and make sure all loan are scheduled - if not scheduled notify Title Company, Agent and/or Loan Officer and schedule with closing department Submit loan to underwriting in appropriate file order Clear all Prior to Closing conditions. - Loans must be “clear to close” at least 48 hours prior to closing Advise borrower of loan decision and any required conditions Inputs proper loan information into Encompass so that data and supporting documentation are accurate. Contacts borrowers to obtain additional documentation as necessary to meet loan guidelines Follows Processing procedures as designated by Processing Manager Must meet crucial deadlines such as financing contingencies and closing dates Works with the MLO and/or LOA regarding missing/requested items Updates conversation logs in Encompass Minimum Education & Experience 3-5 years experience in a loan processing role with experience handling loans from start to finish. Recent experience in the mortgage industry as an assistant, loan processor or loan officer is preferred. Experience communicating with borrowers regarding lending requirements. Experience processing conventional, FHA and VA loans. Experience with Encompass software is required. Preferred Skills & Qualifications Strong background in calculating income is preferred. Proficient in Microsoft Office Suite including Word, Excel, PowerPoint and Outlook. Excellent verbal and written communication skills. Proven customer service ability is required. Must have knowledge of lending terminology and the ability to effectively communicate to borrowers. Knowledge of underwriting would be helpful. Independent worker that can produce results Ability to take initiative Ability to work in a fast-paced environment and deliver accurate results. Working Arrangements This is a fully onsite role expected to work in our Washington, DC office Monday through Friday. Compensation: Base Salary Range: $25.51 - $35.71 hourly. Final determination of where you are at in the salary range is based on numerous factors such as 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. 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 Affirmative Action, E-Verify, and Equal Opportunity Employer.
    $25.5-35.7 hourly 40d ago
  • Loan Officer - Northern Virginia, VA

    McLean Mortgage Corporation 4.6company rating

    Loan Specialist Job 22 miles from Germantown

    Job Tasks and Responsibilities: As a loan originator, Employee shall have responsibility for collecting and analyzing customers' income, assets, investments and debts; determining which financial products best meet customer needs and financial circumstances; advising customers regarding advantages and disadvantages of different financial products; and marketing and promoting qualifying residential mortgage loans in accordance with MMC's policies and procedures as in effect from time to time, and in accordance with Employee's terms of compensation set forth in Exhibit A as updated or revised at MMC's discretion from time to time. Employee shall achieve satisfactory production standards as updated or amended at MMC's sole discretion from time to time. Employee shall adhere to MMC's policies and procedures regarding fees chargeable on all loans originated. Employee shall perform all duties incidental to the successful operation of the Business and such other duties as specified by MMC from time to time. Employee shall obtain and process loan applications and oversee the completion of all documentation and fulfillment of all closing conditions for each loan Employee originates. Employee will be responsible for communicating initial loan commitment terms to potential customers. Employee represents possession of the necessary skills and proficiency to market, promote, and prepare applications for loans secured by real estate. Employee shall devote Employee's best efforts, attention, knowledge and talent to discharging those duties and responsibilities faithfully, conscientiously and diligently as may be assigned by MMC, together with such other duties as are generally commensurate with the role of a loan originator. Employee shall devote Employee's full time, ability, and attention to MMC's Business during the term of this Agreement. Employee will be responsible for developing and carrying out personal marketing strategies, developing a high level of customer satisfaction, and following all MMC policies and procedures, including but not limited to those set forth in any and all of MMC's policy and procedure manuals, guides, handbooks, bulletins and other circulated materials, in written or electronic form, and relating to the Business of MMC and employment of Employee(collectively, the "Policies"). Employee acknowledges receipt of the Policies in existence as of the date of this Agreement, and covenants to review such Policies and as supplemented or updated. Employee shall cooperate with and assist MMC in assembling all documents necessary for marketability of residential mortgage loans, including the sale or assignment of such loans. Knowledge of FNMA/FHLMC,FHA,VA and VHDA underwriting guidelines Required Knowledge, Skills and Abilities: Strong organizational and time management skills Ability to multitask in a fast-paced environment Excellent verbal and written communication skills Customer service oriented Understanding of Residential Lending regulatory requirements Experience with Encompass360 Educational and Experience Requirements: Bachelor's degree in Finance or Business is preferred Certification(s) from the Mortgage Bankers Association preferred but not required At least two- three years of Mortgage Lending experience
    $33k-57k yearly est. 28d ago
  • Loan Processor | Mortgage | Homebuilder | Beltsville | Onsite

    Superus Careers, LLC

    Loan Specialist Job 22 miles from Germantown

    Are you a team player? Goal oriented? Do you have high energy? Are you an Overachiever and Competitive? Amazing opportunity with a Top 5 US Home builder looking to add High Quality Mortgage Loan Professionals to their Potomac/Dumfries Team. As a Loan Processor, your customer service acumen and financial background will allow you to help families purchase high-quality homes in your community. You'll act as a liaison between the borrower, sales team, and underwriting department to ensure a helpful and friendly home buying experience. You will have a direct impact on the customers ability to secure a loan for their dream home. Responsibilities Maintain frequent communication while providing exceptional customer service to homebuyers, branch personnel, and the Homebuilding divisions throughout the entire loan process Collect and record customer information in a timely manner to ensure timely processing of compliant mortgage loan files Set up loan files, manually and on the computer, and order all exhibits (i.e., VOE's, VOD's credit report, etc.) Ensure accuracy and completeness of each loan file processed prior to passing to the closing department Follow up on submitted loans and/or pended loans Coordinate closing paperwork and tasks, as required Remain knowledgeable in all loan programs and guidelines as well as company approved Broker options Qualifications Excellent customer service skills Strong organization skills, attention to detail, and ability to multi-task Strong oral and written communication skills Drug Testing and Credit Check are required In a cyclical industry this opportunity provides job security with a company that has a long record of sustained success. A company that retains and promotes from within through a robust leadership development program with strong company tenure.
    $47k-67k yearly est. 58d ago
  • Entry Level Mortgage Loan Processor

    Latitude Inc.

    Loan Specialist Job 22 miles from Germantown

    Salary: $55,000 - 60,000/year As a Mortgage Loan Processor, you will play a key role in helping facilitate the mortgage loan process by gathering and organizing the necessary documentation, ensuring compliance, and working closely with borrowers, loan officers, and underwriters to ensure timely loan approval and closing. This is a fantastic opportunity for individuals looking to start their career in the mortgage industry and gain hands-on experience in a fast-paced, customer-focused environment. This is an entry level position, only a bachelor's degree is required. ResponsibilitiesLoan Documentation Collection: Gather and review all required documentation from borrowers, including income verification, credit reports, asset documentation, and any other necessary paperwork.Data Entry & Processing: Enter borrower information into the loan processing system and ensure all documents are accurate and complete.Communication: Maintain clear communication with loan officers, underwriters, and borrowers to ensure the timely completion of loan files. Answer borrower inquiries and keep them informed on the status of their loan applications.Compliance & Regulatory Adherence: Ensure all loan applications comply with company policies, as well as state and federal regulations, such as RESPA, TRID, and FHA/VA guidelines.Preliminary Underwriting Review: Review loan files for completeness and compliance, identifying potential issues or missing documentation.Loan Pipeline Management: Track and manage multiple loan files simultaneously, ensuring all milestones are met on time and ensuring smooth loan processing.Problem-Solving: Work with borrowers and internal teams to resolve any issues or discrepancies that may arise during the loan processing stage.Team Collaboration: Work closely with other departments (Sales, Underwriting, and Closing) to ensure a seamless loan process and a positive borrower experience. RequirementsEducation: Bachelor's degree in Finance, Business, or related field required.Experience: No prior mortgage industry experience required, but any previous customer service, administrative, or banking experience is a plus.Strong attention to detail and organizational skills.Ability to handle multiple tasks and deadlines in a fast-paced environment.Excellent written and verbal communication skills.Basic understanding of mortgage products, terminology, and loan documents is a plus but not required.Proficiency in Microsoft Office Suite (Excel, Word, Outlook). $55,000 - $60,000 a year
    $55k-60k yearly 25d ago
  • Loan Processor

    ZP Group 4.0company rating

    Loan Specialist Job 26 miles from Germantown

    Piper Companies is seeking a Loan Processor to join a leading credit union based in Alexandria, VA. The Loan Processor will focus on data entry around member loans and assisting members with payoff processing inquiries. Responsibilities of the Loan Processor include: * Accurately and efficiently enter loan application data into our system * Verify the accuracy of loan application information and documentation * Communicate with loan officers and underwriters to ensure all required information is complete * Ensure compliance with company policies and procedures, as well as federal and state regulations * Meet or exceed daily and monthly production goals Qualifications for the Loan Processor include: * At least 2 years of experience in data entry, preferably in a loan processing or financial services environment * Strong attention to detail and accuracy * Excellent organizational and time management skills * Ability to work independently and as part of a team * Proficiency in Microsoft Office, including Excel and Word * Knowledge of loan processing software is a plus Compensation for the Loan Processor includes: * Hourly Range: $25 - $30/hr * Comprehensive Benefits: PTO, Paid Holidays, Cigna Healthcare, Dental, Vision, 401k, Sick leave as required by law This job opens for applications on 2/19/2025. Applications for this job will be accepted for at least 30 days from the posting date. Keywords: Data Entry, Loan Processor, Alexandria, Virginia, Financial Services, Accuracy, Loan Application, Documentation, Compliance, Production Goals, Microsoft Office, Time Management, Organizational Skills, Loan Processing Software, Professional Growth, Benefits
    $25-30 hourly 19d ago
  • Mortgage Loan Officer

    Lafayette Federal Credit Union 4.4company rating

    Loan Specialist Job 9 miles from Germantown

    Full-time Description NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions. Lafayette Federal Credit Union has earned the 2024 Top Workplaces award from USA Today! Welcome to Lafayette Federal Credit Union Careers! Our organization is growing, and we are seeking top-notch individuals to provide support to our members. Our employees are a critical component in in our endeavor to be the premier financial partner for every one of our members. Are you a Mortgage and/or sales professional who is ready to succeed in a conducive yet face-paced work environment with a pool of leads at your fingertips? Looking for competitive compensation structures and endless sales opportunities? If you are and have the credentials we're looking for, you may be our next Mortgage Loan Officer. This is a truly unique opportunity offers a competitive commission plan and excellent benefits! About us: Our Difference : What makes Lafayette Federal cutting-edge ? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek's America's Best Bank's list, (2) we've received a 5-star rating from Bauer financial, and (3) we've also ranked #12 in S&P Global' s Top Performing Credit Union's in 2022 for the second year in a row! Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry. Requirements A day in the life of a Mortgage Loan Officer will include: Proactively solicit new residential mortgage business and sell our mortgage products to meet established loan quality and ongoing production goals. Develop and maintain a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. Conducts interviews with prospective borrowers in order to determine the appropriate lending product that meets their needs. Reviews initial application submission, i.e. income assets and credit for accuracy and completeness. Analyzes financial and credit data, determines financing objectives and advises borrowers of product/pricing policies and guidelines. Informs borrower of lending process and provides applicable contact information of lending staff. Lafayette Federal offers an array of mortgage loan products, including fixed and adjustable rate mortgages, FHA and VA loans, jumbo loans, refinancing options, renovation loans and relocation programs. What sets us apart as a lender of choice is our ability to offer dependable services that meet our members' needs. With finance options designed to meet the financial needs of our borrowers such as products that do not require PMI and offer up to 95% financing, No Closing Costs options, Lender Credits, a First Time Homebuyer program offering up to 97% LTV and many more, our MLOs have all the tools they need to succeed. With our ability to lend anywhere in the United States and a no hassle membership field, your success can begin immediately. We also provide you with a full range of technology solutions and resources to get the job done. Education & Experience High school diploma or equivalent (GED) Three to Five years of experience locally (DC, MARYLAND, AND VIRGINIA) and currently employed in the mortgage industry Active relationships with referral partners and an existing customer database is preferred Experience originating FHA/VA/USDA loans is preferred Working knowledge of MS Office applications including but not limited to Outlook, Word, Excel and other applications. Top benefits or perks: Joining Lafayette Federal comes with perks to support you in your personal and professional journey. We provide employees with a generous benefits package including: Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan) Fully funded deductible (HMO Plan) 401k employer matching contribution Income protection with life insurance, short and long-term disability Paid time off, holiday leave & birthday leave Educational assistance Commuter benefits program and more! Pay: Competitive loan incentive structure Location: We are headquartered in the heart of Rockville, MD where career growth meets urban vitality. Experience the perfect balance of professional opportunity and a lively community, creating a unique environment for success and fulfillment. The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job. *Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer *EOE/AA/DISABILITY/VETERAN Salary Description Attractive Loan Incentive Structure
    $41k-48k yearly est. 60d+ ago
  • Loan Documentation & Post-Closing Specialist II

    John Marshall Bancorp Inc. 3.8company rating

    Loan Specialist Job 16 miles from Germantown

    John Marshall Bank is looking for a Loan Documentation & Post-Closing Specialist II to play a critical role in managing the comprehensive review of commercial and consumer loan files during the post-closing stage. This role involves ensuring the accuracy, completeness, and compliance of all documentation, including exception tracking, collateral verification, UCC filings, and insurance verification. The Post-Closing Specialist II will handle complex issues, coordinate with internal teams and external partners, and resolve discrepancies to maintain high standards of loan file integrity. In this role you will: * Perform in-depth reviews of loan files and documentation for both commercial and consumer loans, ensuring accuracy, completeness, and adherence to complex approval processes, regulatory requirements, and company policies. Record any deficiencies in the Bank's CERIS tracking system. * Oversee and manage the setup of original document exceptions with a focus on complex scenarios. This includes developing comprehensive tracking methods for original loan documents, recorded documents, title insurance, financial reporting, covenant testing, vehicle titles, life insurance policies, insurance certificates, Uniform Commercial Codes (UCC), and other detailed loan tracking requirements. * Handle complex recurring exceptions and life-of-loan tracking requirements. Manage detailed monitoring and updates, ensuring compliance with approval requirements and regulatory standards, and resolve advanced exceptions. * Adhere to established workflow procedures for the review and release of collateral. Conduct thorough examinations of collateral documents to ensure cross collateralization is reviewed prior to release. Prepare/review lien release documentation and recording instruments for accuracy and draft customer correspondence. Update CERIS tracking accordingly, ensure comprehensive imaging of the payoff release package and upload the complete payoff package to FDM. * Ensure meticulous imaging and indexing of loan-related records in FDM, including detailed documentation for loan reviews, collateral, original loan documents, covenants, financial reporting, recurring exceptions, insurance, and mortgage purchase files. * Manage Uniform Commercial Code (UCC) filings by preparing and processing original filings, reviewing and updating historical UCC records, handling continuations to extend the duration of UCC filings, and processing terminations to release collateral interests. Ensure UCC filings are accurately recorded, updated, imaged and tracked. * Conduct thorough reviews of recorded instruments and final title policies to verify comprehensive collateral coverage and enter any documentation deficiencies into the Bank's CERIS tracking system. * Perform detailed reviews of insurance coverage to ensure adequate protection of collateral and that coverage is compliant with insurance matrix. Verify the Bank's correct listing as Mortgagee, Loss Payee, or Additional Insured. * Upload insurance documentation to AFR or FDM for new loans and coordinate with internal teams to address discrepancies or issues. * Engage and communicate with team members, Bank personnel, settlement agents, insurance companies, and vendors to clarify requirements, obtain necessary documentation, and resolve complex issues. Maintain effective communication to address high-level discrepancies and ensure compliance. * Conduct detailed pre-audit reviews of approval requirements, imaged loan documentation, loan operating systems, exception tracking, collateral, insurance, etc., identifying and addressing complex documentation exceptions and loan discrepancies. Coordinate with responsible parties to resolve high-complexity issues. * Ensure orderly, safe, and secure control over original note/guaranty files. * Be cross trained to assume additional functions in the Loan Administration area or share knowledge with colleagues to promote team development. * Complete ongoing courses to maintain required compliance knowledge requirements. Requirements Required: * High school diploma or equivalent * Three years of experience in commercial lending administration, including loan documentation review, recurring exception tracking, lien perfection, and collateral release; or a combination of commercial and consumer lending experience. * Advanced administrative and organizational skills * Advanced computer skills and a high aptitude for new systems and databases * Ability to work independently in a dynamic, fast-paced environment and manage multiple tasks efficiently. * Exceptional communication skills requiring extensive dialogues, conversations and explanations, both written and verbal. * Ability to handle matters complex in nature and form viable solutions * Advanced attention to detail and excellent organizational abilities. * Self-starter, excels at learning and performing new skills Preferred: * Degree or certification in finance, business, or a related field preferred. John Marshall Bank is an Equal Opportunity Employer At John Marshall Bank, we pride ourselves on being able to attract the best talent in the industry, therefore we offer a comprehensive benefits package which includes: * Medical * Dental * 401K Retirement Plan w/ an Employer Match (4% match on 5% contributions - this is highly competitive compared to other organizations) * Vision * Employee Assistance Program * Flexible Spending * Transit Reimbursement * Dependent Day Care * Long Term Care * Paid Time Off * Life and Disability Coverage At this time, John Marshall Bank will not sponsor a new applicant for employment authorization for this position.
    $34k-41k yearly est. 45d ago
  • Loan Officer Associate -Trainee

    Lennar Corp 4.5company rating

    Loan Specialist Job 21 miles from Germantown

    Loan Officer Associate We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and Associates by building quality homes and providing exceptional customer service, giving back to the communities in which we work and live in, and fostering a culture of opportunity and growth for our Associates throughout their career. Lennar has been recognized as a Fortune 500 company and consistently ranked among the top homebuilders in the United States. A Career that Empowers You to Build Your Future The Loan Officer Associate assists Loan Officers while developing skills and knowledge to become a Loan Officer in the future. The Loan Officer Associate will complete various on-line and classroom educational sessions while receiving operational and hands-on training by assisting the Loan Officer and Division Managers. * A career with purpose. * A career built on making dreams come true. * A career built on building zero defect homes, cost management, and adherence to schedules. Your Responsibilities on the Team * Learning Development: Participate in formal training programs provided by the company. These programs cover various aspects of lending, including understanding different types of loans, assessing creditworthiness, and navigating the loan approval process. Train with manager on mortgage rate sheets in order to learn to accurately price and lock loans. Review various daily/weekly/monthly reports to learn the overall mortgage process from application to closing. * Continuous Education and Licensure: Successfully complete testing for mortgage licensing and appropriate state licensing as needed. Maintain up-to-date knowledge of RESPA through continuing education courses. * Support and Coordination: Update the loan application with any missing data. Maintain notes within the Loan Origination System to ensure complete exchange of information. Occasionally provide initial set up of the file. * Business Development and Customer Relations: Participate in builder and realtor functions to develop and maintain relationships. Work with Division Manager and Loan Officers on local marketing campaigns. * Customer-Centric Approach: Ensure that borrowers can easily reach out through various channels (phone, email, chat) and receive prompt responses. Act as a primary contact between our borrowers and their Loan Officers, schedule and conduct meetings as needed, to discuss any follow-up issues or items that need to be addressed. * Collaboration and Flexibility: Assist processors and closers in procuring loan documents from borrowers and other entities as needed. Engage and assist internal associates through various channels (phone, email, chat) and receive a prompt response. Flexible schedule, including weekends and evenings as needed. Your Toolbox * High school diploma or equivalent * BA or BS preferred * Mortgage or banking experience (preferred) * Experience in articulating product or service features, benefits, and value * A genuine passion for going above and beyond to ensure customer satisfaction * Exceptional organizational abilities, keen attention to detail, and the ability to manage multiple priorities. * Proficient in using standard office software (e.g., Microsoft Office Suite) * Valid driver's license and reliable transportation Physical & Office/Site Presence Requirements: Regular, in-person attendance at Company communities/job sites and offices during regular work hours is an essential function of this job. Requires the ability to work in excess of eight hours per day in the confined quarters of a construction trailer, the ability to operate a motor vehicle, read plans, climb stairs and ladders, bend, stoop, reach, lift, move and/or carry equipment which may be in excess of 50 pounds. Job may require occasional operation of construction equipment. Finger dexterity may be required to operate a computer keyboard and calculator. #LI-ST1 #LI- Onsite #CB #IND-LFS Life at Lennar At Lennar, we are committed to fostering a supportive and enriching environment for our Associates, offering a comprehensive array of benefits designed to enhance their well-being and professional growth. Our Associates have access to robust health insurance plans, including Medical, Dental, and Vision coverage, ensuring their health needs are well taken care of. Our 401(k) Retirement Plan, complete with a $1 for $1 Company Match up to 5%, helps secure their financial future, while Paid Parental Leave and an Associate Assistance Plan provide essential support during life's critical moments. To further support our Associates, we provide an Education Assistance Program and up to $30,000 in Adoption Assistance, underscoring our commitment to their diverse needs and aspirations. From the moment of hire, they can enjoy up to three weeks of vacation annually, alongside generous Holiday, Sick Leave, and Personal Day policies. Additionally, we offer a New Hire Referral Bonus Program, significant Home Purchase Discounts, and unique opportunities such as the Everyone's Included Day. At Lennar, we believe in investing in our Associates, empowering them to thrive both personally and professionally. Lennar Associates will have access to these benefits as outlined by Lennar's policies and applicable plan terms. Visit Lennartotalrewards.com to view our suite of benefits. Join the fun and follow us on social media to see what's happening at our company, and don't forget to connect with us on Lennar: Overview | LinkedIn for the latest job opportunities. Lennar is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws.
    $40k-58k yearly est. 40d ago
  • Mortgage Loan Officer - Loudoun County

    Burke & Herbert Bank & Trust 4.4company rating

    Loan Specialist Job 26 miles from Germantown

    It is the responsibility of the Mortgage Loan Officer to be able to handle all functions of originating a loan. Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Origination Requirements Develop application sources through internal and external centers of influence including but not limited to: Burke & Herbert Bank branches, realtors, builders, stockbrokers, financial planners, attorneys, accountants and past customers. Develop new business from personal and nontraditional resources. Work independently. Complete 1003 Residential Loan Application. Collect all data and documents necessary to process the application. Assign loan number. In-put or upload application information into Loan Origination System, Encompass. Submit to Desktop Underwriter™, Loan Prospector™ or other decision engine. Issue initial disclosures accurately and in a timely manner. Follow up on conditions necessary to close or decline loan as requested. Price and lock interest rate with investor, meeting Burke and Herbert Bank pricing expectations. Monitor lock expiration dates for closing and delivery. Other Banking Requirements Call on Burke & Herbert Bank branches in assigned territory. Make introduction of all market applicants to appropriate Burke & Herbert Bank personnel. Generate new leads for the Bank from outside sources. In consultation with Burke & Herbert Bank personnel, explore opportunities for cross-sell of other Burke & Herbert Bank products. Collect fees in accordance with Burke & Herbert Bank standards. Participate, as requested, in opportunities to promote the Burke & Herbert Bank. Maintains lending compliance including but not limited to: early disclosures, government monitoring, high priced mortgage loans documentation, and customer information procedures. Closed Loan Requirements Expected minimum closed loan volume of $1,000,000 per month after 60 days. Skills/Abilities A Mortgage Loan Officer must be able to communicate and work well with the public. Must have the ability to analyze credit information necessary to originate and assist in processing a residential loan application. Individual must have knowledge of lending compliance requirements and general knowledge of conventional and government loans available to the consumer. Must be resourceful and have the ability to work with secondary market investors insuring all loans meet established guidelines. Must be extremely detailed oriented to insure accuracy of data supporting loan files. Data integrity must never be compromised. Must have ability to work independently inside and outside the office, manage loan pipeline, follow-up with borrowers, Burke & Herbert Bank partners, and sources of business. Work to ensure timely loan closings. High Level of experience with FHA - VA - USDA and VHDA. Education and Experience College degree preferred. At least 1 year of mortgage loan sales and an active NMLS number Origination and sales experience. Encompass experience preferred. This position is classified as Exempt under the Fair Labor Standard Act. Mortgage Loan Officers must be customarily and regularly engaged in making sales away from the bank's places of business. Compensation for this position is 100% commission based. Supervisory Responsibility This position has no supervisory responsibilities. Work Environment This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer. Physical Demands This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary. Travel Travel may be required for this position. Equal Opportunity/Affirmative Action Employer M/F/disability/protected veteran status Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
    $32k-42k yearly est. 1d ago
  • Mortgage Servicing Specialist (Hybrid, Reston, VA)

    Guidance Residential 4.3company rating

    Loan Specialist Job 16 miles from Germantown

    Guidance Residential, LLC is a strong, growing company that specializes in residential mortgage lending. Our team members are a vital strength in our ability to grow and continue to serve our customers. We are seeking a full-time Servicing Specialist to handle customer service questions and issues related to the subservicing of the Guidance Residential mortgage portfolio. The Specialist also assists in questions related to home loan servicing activities of Sub-servicer. Essential Duties and Responsibilities Process daily activity including obtaining documents for Sub-Servicer on paid in full contracts. Take customer calls related to conflicts with Sub-Servicer. Interact with Sub-servicer to facilitate the resolution of customer issues related to loan servicing such as payments, tax and insurance issues including loss claims, payoff/releases, and financial hardship. Maintain Servicing Oversight Logs (excel) and work in other company related data basis and Operational systems to obtain scanned documents and track progress. Provide support to the Servicing Oversight Manager as it relates to the servicing of loans by a Sub-servicer. Research and provide needed documents for Compliance requests, CEMA request and other Servicing related Items. Other duties as assigned. Requirements: High school diploma or equivalent experience. 2-year college degree helpful. Minimum 2+ years experience servicing mortgage loan contracts, however, can be compensated through education or other related experience. Effective customer service skills including phone and written communication skills. Detail oriented. Good organizational and analytical skills. Ability to work collaboratively with peers, managers, and customers in a team environment to attain common goals. Ability to multitask on various items while meeting strict timelines and deadlines. Ability to navigate multiple computer systems, applications, and utilize search tools to find information. Proficient in Microsoft Word, Excel, Outlook, and basic email functions. Job Benefits Work for an experienced and proven leader in digital mortgage solutions 12 Paid Holidays per year Medical/Dental/Health Benefits and Student Loan Paydown Paid Vacations and Sick Leave Bonuses Fun, exciting, and comfortable working environment Our offices are conveniently located in Reston, VA and easily accessible from the Virginia, Maryland, D.C. area. We are located within walking distance to the Washington D.C. Metro's Silver Line Wiehle-Reston Station, and we are also only a few miles from the Dulles International Airport. Guidance Residential is an Equal Opportunity Employer.
    $29k-36k yearly est. 42d ago
  • Mortgage Servicing Specialist (Hybrid, Reston, VA)

    Guidance Financial Group

    Loan Specialist Job 16 miles from Germantown

    Guidance Residential, LLC is a strong, growing company that specializes in residential mortgage lending. Our team members are a vital strength in our ability to grow and continue to serve our customers. We are seeking a full-time Servicing Specialist to handle customer service questions and issues related to the subservicing of the Guidance Residential mortgage portfolio. The Specialist also assists in questions related to home loan servicing activities of Sub-servicer. Essential Duties and Responsibilities * Process daily activity including obtaining documents for Sub-Servicer on paid in full contracts. * Take customer calls related to conflicts with Sub-Servicer. Interact with Sub-servicer to facilitate the resolution of customer issues related to loan servicing such as payments, tax and insurance issues including loss claims, payoff/releases, and financial hardship. * Maintain Servicing Oversight Logs (excel) and work in other company related data basis and Operational systems to obtain scanned documents and track progress. * Provide support to the Servicing Oversight Manager as it relates to the servicing of loans by a Sub-servicer. * Research and provide needed documents for Compliance requests, CEMA request and other Servicing related Items. * Other duties as assigned. Requirements: * High school diploma or equivalent experience. * 2-year college degree helpful. * Minimum 2+ years experience servicing mortgage loan contracts, however, can be compensated through education or other related experience. * Effective customer service skills including phone and written communication skills. * Detail oriented. * Good organizational and analytical skills. * Ability to work collaboratively with peers, managers, and customers in a team environment to attain common goals. * Ability to multitask on various items while meeting strict timelines and deadlines. * Ability to navigate multiple computer systems, applications, and utilize search tools to find information. * Proficient in Microsoft Word, Excel, Outlook, and basic email functions. Job Benefits * Work for an experienced and proven leader in digital mortgage solutions * 12 Paid Holidays per year * Medical/Dental/Health Benefits and Student Loan Paydown * Paid Vacations and Sick Leave * Bonuses * Fun, exciting, and comfortable working environment Our offices are conveniently located in Reston, VA and easily accessible from the Virginia, Maryland, D.C. area. We are located within walking distance to the Washington D.C. Metro's Silver Line Wiehle-Reston Station, and we are also only a few miles from the Dulles International Airport. Guidance Residential is an Equal Opportunity Employer.
    $28k-35k yearly est. 44d ago
  • Loan Officer - Northern Virginia, VA

    McLean Mortgage Corporation 4.6company rating

    Loan Specialist Job 22 miles from Germantown

    Job Tasks and Responsibilities: As a loan originator, Employee shall have responsibility for collecting and analyzing customers' income, assets, investments and debts; determining which financial products best meet customer needs and financial circumstances; advising customers regarding advantages and disadvantages of different financial products; and marketing and promoting qualifying residential mortgage loans in accordance with MMC's policies and procedures as in effect from time to time, and in accordance with Employee's terms of compensation set forth in Exhibit A as updated or revised at MMC's discretion from time to time. Employee shall achieve satisfactory production standards as updated or amended at MMC's sole discretion from time to time. Employee shall adhere to MMC's policies and procedures regarding fees chargeable on all loans originated. Employee shall perform all duties incidental to the successful operation of the Business and such other duties as specified by MMC from time to time. Employee shall obtain and process loan applications and oversee the completion of all documentation and fulfillment of all closing conditions for each loan Employee originates. Employee will be responsible for communicating initial loan commitment terms to potential customers. Employee represents possession of the necessary skills and proficiency to market, promote, and prepare applications for loans secured by real estate. Employee shall devote Employee's best efforts, attention, knowledge and talent to discharging those duties and responsibilities faithfully, conscientiously and diligently as may be assigned by MMC, together with such other duties as are generally commensurate with the role of a loan originator. Employee shall devote Employee's full time, ability, and attention to MMC's Business during the term of this Agreement. Employee will be responsible for developing and carrying out personal marketing strategies, developing a high level of customer satisfaction, and following all MMC policies and procedures, including but not limited to those set forth in any and all of MMC's policy and procedure manuals, guides, handbooks, bulletins and other circulated materials, in written or electronic form, and relating to the Business of MMC and employment of Employee(collectively, the "Policies"). Employee acknowledges receipt of the Policies in existence as of the date of this Agreement, and covenants to review such Policies and as supplemented or updated. Employee shall cooperate with and assist MMC in assembling all documents necessary for marketability of residential mortgage loans, including the sale or assignment of such loans. Knowledge of FNMA/FHLMC,FHA,VA and VHDA underwriting guidelines Required Knowledge, Skills and Abilities: Strong organizational and time management skills Ability to multitask in a fast-paced environment Excellent verbal and written communication skills Customer service oriented Understanding of Residential Lending regulatory requirements Experience with Encompass360 Educational and Experience Requirements: Bachelor's degree in Finance or Business is preferred Certification(s) from the Mortgage Bankers Association preferred but not required At least two- three years of Mortgage Lending experience
    $33k-57k yearly est. 60d+ ago
  • Loss Mitigation Specialist

    Lafayette Federal Credit Union 4.4company rating

    Loan Specialist Job 9 miles from Germantown

    Full-time Description Lafayette Federal Credit Union has earned the 2024 Top Workplaces award from USA Today! Welcome to Lafayette Federal Credit Union Careers! Our organization is growing, and we are seeking top-notch individuals to provide support to our members. Our employees are a critical component in in our endeavor to be the premier financial partner for every one of our members. Do you have experience with the maintenance of severely delinquent accounts? Do you have experience reviewing the members overall financial condition and compensating factors? If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Loss Mitigation Specialist to join our dynamic team! About us: Our Difference: What makes Lafayette Federal cutting-edge ? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek's America's Best Bank's list, (2) we've received a 5-star rating from Bauer financial, and (3) we've also ranked #12 in S&P Global' s Top Performing Credit Union's in 2022 for the second year in a row! Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry. About the role: We are seeking a smart, organized, and resourceful professional to assist the Asset Recovery department with the overall maintenance of severely delinquent accounts to include reviewing and recommending loans for extension and/or workouts. In addition, this position is responsible for reviewing the members overall financial condition and compensating factors as well as serve as a back up to the Mortgage, Bankruptcy and Charge Off Specialists. Requirements A day in the life of a Loss Mitigation Specialist will include: Responsible for reviewing and preparing all files for the Loss Mitigation Committee. This process includes an in-depth analysis of the Member's relationship with the credit union and the financial risk with all parties involved. Responsible for monitoring all accounts under an approved modification or workout to ensure the borrower is complying with agreed upon action steps. Review all third-party debt management cases. Responsible for all follow up calls and memos with respect to financial needs cases. Ensures quality control by reviewing such items as vendor invoices, recovery, SCRA and EOscar reports. Serves as a back up to the Bankruptcy Specialist by maintaining bankrupt accounts. Our ideal candidate will: Provide all members with professional support, accurate information, and friendly service. Ensure all data entry for loans are made with minimal, non-recurring errors. Adhere to Lafayette Federal's Service Standards Policy. Maintain confidentiality at all times. Maintain a dependable record of attendance and timeliness. Ensure that consumer and mortgage collection queues are followed. Top benefits or perks: Joining Lafayette Federal comes with perks to support you in your personal and professional journey. We provide employees with a generous benefits package including: Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan) Fully funded deductible (HMO Plan) 401k employer matching contribution Income protection with life insurance, short and long-term disability Paid time off, holiday leave & birthday leave Educational assistance Commuter benefits program and more! Pay: $52,621 - $57,849 annually depending on experience and qualifications. The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job. *Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer *EOE/AA/DISABILITY/VETERAN Salary Description $52,621 - $57,849 depending on experience
    $52.6k-57.8k yearly 60d+ ago
  • Loan Documentation & Post-Closing Specialist II

    John Marshall Bank 3.8company rating

    Loan Specialist Job 16 miles from Germantown

    John Marshall Bank is looking for a Loan Documentation & Post-Closing Specialist II to play a critical role in managing the comprehensive review of commercial and consumer loan files during the post-closing stage. This role involves ensuring the accuracy, completeness, and compliance of all documentation, including exception tracking, collateral verification, UCC filings, and insurance verification. The Post-Closing Specialist II will handle complex issues, coordinate with internal teams and external partners, and resolve discrepancies to maintain high standards of loan file integrity. In this role you will: Perform in-depth reviews of loan files and documentation for both commercial and consumer loans, ensuring accuracy, completeness, and adherence to complex approval processes, regulatory requirements, and company policies. Record any deficiencies in the Bank's CERIS tracking system. Oversee and manage the setup of original document exceptions with a focus on complex scenarios. This includes developing comprehensive tracking methods for original loan documents, recorded documents, title insurance, financial reporting, covenant testing, vehicle titles, life insurance policies, insurance certificates, Uniform Commercial Codes (UCC), and other detailed loan tracking requirements. Handle complex recurring exceptions and life-of-loan tracking requirements. Manage detailed monitoring and updates, ensuring compliance with approval requirements and regulatory standards, and resolve advanced exceptions. Adhere to established workflow procedures for the review and release of collateral. Conduct thorough examinations of collateral documents to ensure cross collateralization is reviewed prior to release. Prepare/review lien release documentation and recording instruments for accuracy and draft customer correspondence. Update CERIS tracking accordingly, ensure comprehensive imaging of the payoff release package and upload the complete payoff package to FDM. Ensure meticulous imaging and indexing of loan-related records in FDM, including detailed documentation for loan reviews, collateral, original loan documents, covenants, financial reporting, recurring exceptions, insurance, and mortgage purchase files. Manage Uniform Commercial Code (UCC) filings by preparing and processing original filings, reviewing and updating historical UCC records, handling continuations to extend the duration of UCC filings, and processing terminations to release collateral interests. Ensure UCC filings are accurately recorded, updated, imaged and tracked. Conduct thorough reviews of recorded instruments and final title policies to verify comprehensive collateral coverage and enter any documentation deficiencies into the Bank's CERIS tracking system. Perform detailed reviews of insurance coverage to ensure adequate protection of collateral and that coverage is compliant with insurance matrix. Verify the Bank's correct listing as Mortgagee, Loss Payee, or Additional Insured. Upload insurance documentation to AFR or FDM for new loans and coordinate with internal teams to address discrepancies or issues. Engage and communicate with team members, Bank personnel, settlement agents, insurance companies, and vendors to clarify requirements, obtain necessary documentation, and resolve complex issues. Maintain effective communication to address high-level discrepancies and ensure compliance. Conduct detailed pre-audit reviews of approval requirements, imaged loan documentation, loan operating systems, exception tracking, collateral, insurance, etc., identifying and addressing complex documentation exceptions and loan discrepancies. Coordinate with responsible parties to resolve high-complexity issues. Ensure orderly, safe, and secure control over original note/guaranty files. Be cross trained to assume additional functions in the Loan Administration area or share knowledge with colleagues to promote team development. Complete ongoing courses to maintain required compliance knowledge requirements. Requirements Required: High school diploma or equivalent Three years of experience in commercial lending administration, including loan documentation review, recurring exception tracking, lien perfection, and collateral release; or a combination of commercial and consumer lending experience. Advanced administrative and organizational skills Advanced computer skills and a high aptitude for new systems and databases Ability to work independently in a dynamic, fast-paced environment and manage multiple tasks efficiently. Exceptional communication skills requiring extensive dialogues, conversations and explanations, both written and verbal. Ability to handle matters complex in nature and form viable solutions Advanced attention to detail and excellent organizational abilities. Self-starter, excels at learning and performing new skills Preferred: Degree or certification in finance, business, or a related field preferred. John Marshall Bank is an Equal Opportunity Employer At John Marshall Bank, we pride ourselves on being able to attract the best talent in the industry, therefore we offer a comprehensive benefits package which includes: Medical Dental 401K Retirement Plan w/ an Employer Match (4% match on 5% contributions - this is highly competitive compared to other organizations) Vision Employee Assistance Program Flexible Spending Transit Reimbursement Dependent Day Care Long Term Care Paid Time Off Life and Disability Coverage At this time, John Marshall Bank will not sponsor a new applicant for employment authorization for this position.
    $34k-41k yearly est. 42d ago
  • Corporate Loan Processor

    Unitedbankt1

    Loan Specialist Job 26 miles from Germantown

    Job Description Qualifications Company Profile If you are looking for an organization that offers meaningful and interesting roles with an excellent benefits and compensation package, career development, and camaraderie, look no further than George Mason Mortgage, LLC. George Mason Mortgage, LLC is an industry-leading lender and a wholly owned subsidiary of United Bank. With headquarters in Fairfax, Virginia, we have expanded our name with retail offices throughout Virginia, Washington, D.C., Maryland, North Carolina and South Carolina. Founded in 1980, our goal is to provide solid financial value to homeowners while standing by our reputation of consistently being a top lender. Our specialized team of talented individuals allows us to close loans efficiently. With in-office processing, underwriting and closing, we are in control of the mortgage process and work with our clients every step of the way. Join a team of professionals who bring a variety of talent to the table, while working for a reputable company that fully supports its employees.
    $35k-52k yearly est. 60d+ ago
  • Loan Processor (Entry Level)

    Latitude Inc.

    Loan Specialist Job 22 miles from Germantown

    Job Title: Entry-Level Loan Processor Employment Type: Full-Time We are seeking a motivated and detail-oriented Entry-Level Loan Processor to join our dynamic team. This position is ideal for individuals looking to start their career in the financial services industry and gain hands-on experience in loan processing. The successful candidate will assist in the preparation, documentation, and review of loan applications to ensure timely and accurate processing. Training will be provided. Key Responsibilities: Application Review: Assist in the initial review of loan applications to ensure completeness and accuracy of required information and documentation. Document Verification: Verify applicant information by contacting appropriate sources to validate employment, income, assets, and other pertinent details. Data Entry: Accurately input and update loan application data into the company's loan processing system. Customer Interaction: Communicate with applicants to request additional information or documentation as needed. Provide updates on application status. Compliance Adherence: Ensure all loan processing activities comply with regulatory requirements, company policies, and procedures. File Preparation: Prepare loan files for underwriting by compiling and organizing all required documents. Coordination: Coordinate with loan officers, underwriters, and other team members to facilitate efficient loan processing and approvals. Problem Resolution: Identify and resolve issues that may cause delays in the loan processing timeline. Quality Control: Conduct quality control checks to ensure the accuracy and completeness of loan files before submission. Reporting: Generate and review reports on loan application statuses and processing timelines. Qualifications: Education: High school diploma or equivalent required; Associate's or Bachelor's degree in finance, business, or a related field is preferred. Experience: Previous experience in a customer service or administrative role is beneficial but not required. Training will be provided. Skills: Excellent attention to detail and organizational skills. Strong communication and interpersonal skills. Proficiency in Microsoft Office Suite (Word, Excel, Outlook). Ability to multitask and prioritize work in a fast-paced environment. Basic knowledge of loan processing and financial services is a plus. Other Requirements: Ability to pass a background check. Willingness to learn and adapt to new tasks and responsibilities. Working Conditions: Environment: Office setting with standard working hours. Some overtime may be required based on workload. Physical Demands: Sitting for extended periods, occasional lifting of up to 20 pounds, and frequent use of computer and telephone. Benefits: Competitive salary with opportunities for performance-based bonuses. Comprehensive health, dental, and vision insurance plans. Retirement savings plan with company matching. Paid time off, including holidays and vacation. Training and professional development opportunities. $50,000 - $60,000 a year
    $50k-60k yearly 28d ago

Learn More About Loan Specialist Jobs

How much does a Loan Specialist earn in Germantown, MD?

The average loan specialist in Germantown, MD earns between $28,000 and $118,000 annually. This compares to the national average loan specialist range of $26,000 to $68,000.

Average Loan Specialist Salary In Germantown, MD

$58,000
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