Trustar Bank is a community bank conceived to meet the banking needs of businesses and individuals in the greater metropolitan Washington DC area. The Organizers of the Bank are experienced bankers, bank investors, and business professionals in the Bank's target market area. Rapid consolidation in the Bank's target market has created an opportunity for a community-based commercial bank.
"At Trustar, our mission is to be your partner for financial success, to provide a sound investment for our shareholders, and to support our local community."
A viable market, sufficient capital, engaged leadership, and strong management are critical success factors for any financial institution. Service differentiates one bank from another. As a community bank, Trustar Bank's strategy is to be a personalized alternative to larger, super-regional financial institutions that increasingly dominate the Bank's primary market.
Trustar Bank is currently seeking an experienced Loan Administrator responsible for daily detailed review of executed loan documents to assure accuracy and compliance with established documentation standards, procedures, and policies. The Loan Administrator follows all established policies and procedures of the Bank.
A Summary of Job Duties will include:
Paid note processing.HMDA loan documentation collection and initial data entry.Returned mail processing.Daily Exception Report Processing (financials, collateral, insurance).Updates master loan rates on the core system.Clear and update loan related exceptions to include insurance financials, UCC's and other recorded documents.Review of tax service reports.Perform core system maintenance – Loan advances and address changes.Filing and scanning as needed.May assist with imaging.Ensure ticklers for any ongoing requirements and post-closing items are on the system.Prepares payoff quotes and ensures correct release fees and pre-payment penalties are quoted.Escalate issues to department management as needed.Performs other duties as assigned.Will Serve as Back-up for: Reviews executed loan documentation post-closing to assure accuracy and compliance with established standards, procedures, and policies.Review core system for booking accuracy within established time frames.Alerts Loan Administration Manager of any issues discovered in the file review to determine resolution.Reconcile loan related bank G/L accounts.Daily review of system generated reports for errors.Performs other duties as assigned.Trustar Bank has grown rapidly since its start in 2019. With an all-star team and fast-paced environment, this is an exciting opportunity to join a great team. We also provide an outstanding benefits package including a NO Deductible health care plan, a strong 401(k) with discretionary company match, LifeLock premier for all employees, and a generous PTO plan. This is an in-office position in a professional environment. We are an equal opportunity employer.
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