Attention! Premiere financial services company is hiring a Loan Operations Assistant to their team

Position: Loan Operations Assistant

Pay: 26.50 /hr

Location: Baltimore, MD

Hiring Structure: 6 month Contract to Hire

Contract-to-hire

This role offers individuals the ability to work alongside one of the top-rated financial service providers in Maryland! This is a great opportunity to join an organization whose pillars of success are built on customer service, employee development, and community engagement. Further, explore this exciting opportunity below…

Employee Value:

• Medical, dental & vision

• Critical Illness, Accident, and Hospital

• 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available

• Life Insurance (Voluntary Life & AD&D for the employee and dependents)

• Short and long-term disability

• Health Spending Account (HSA)

• Transportation benefits

• Employee Assistance Program

• Time Off/Leave (PTO, Vacation or Sick Leave)

Job Description:

The loan operations assistant is responsible for performing a variety of duties related to loan processing and servicing of commercial, residential mortgage,

and retail loans and escrow accounts, boarding all new loans onto the core system and maintenance of existing loans, customer billing and set-up and maintenance of loan ticklers

• Review daily system generated maintenance reports to validate the accuracy of the loan system records (including interest rate adjustments on adjustable-rate loans) and ensure related general ledger accounts are properly maintained.

• Perform daily and monthly settlement and reconciliation of all loan related general ledger and checking accounts used for loan processing and escrows.

• Read and interpret loan documents to validate the accuracy of loan booking packages and loan maintenance requests prior to boarding new loans onto core system and performing maintenance on existing loans.

• Perform loan maintenance as necessary for renewal, extension and/or modification of existing loans and maintain the accuracy of the loan data in the core system.

• Process loan payments, loan advances, loan payoffs and other transactions for all loans (active loans, charge-offs and non-accruals) in the core system including participation remittances, general ledger transactions, deferred fees, adjustments, fee processing and other changes.

• Process escrow transactions, including the setup, review, analysis and disbursement of funds for all escrow accounts regarding taxes, insurance, ground rents, etc.; process and complete escrow account maintenance in core system.

• Research and resolve routine inquiries from customers (internal and external) regarding loan balances, payments, escrow disbursements, etc. and process written requests for loan payoffs and account verifications in accordance with applicable laws, regulations and Bank policies.

• Provide support for audits and compliance reviews by gathering data electronically, pulling loan files for scanning, if required.

• Communicate with various insurance agencies to obtain renewals of existing insurance policies and initiate forced place insurance with the bank’s blanket insurance coverage, for any canceled policy.

• Scanning of loan documents for upload into core system once transition has been completed and general filing of documents to be maintained in the loan operations department

• Process loan transactions for affiliate organizations as required.

• Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures and not harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice.

Pay and Benefits

The pay range for this position is $26.50 - $26.50

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: • Medical, dental & vision • Critical Illness, Accident, and Hospital • 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available • Life Insurance (Voluntary Life & AD&D for the employee and dependents) • Short and long-term disability • Health Spending Account (HSA) • Transportation benefits • Employee Assistance Program • Time Off/Leave (PTO, Vacation or Sick Leave)

Workplace Type

This is a fully onsite position in Baltimore,MD.

Application Deadline

This position will be accepting applications until Dec 23, 2024.

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.