The Harbor Bank of Maryland · 3 months ago
Loan Operations Administrator (Part-Time)
Baltimore, MD, US
Full-time, Part-time
Onsite
Mid Level
$24.76/hr - $31.25/hr
3+ years expThe Harbor Bank of Maryland is seeking a Loan Operations Administrator to support their mission by delivering exceptional service and ensuring operational excellence. This role involves loan processing, servicing, and maintenance of loan data, as well as customer support and compliance with regulations.
BankingFinancial ServicesVenture Capital
Responsibilities
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 work process 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
Ensuring not to harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice
Comply with all federal and state regulations and rules impacting this position, meet all risk and compliance obligations, including the completion of required training
Qualification
Required
High school diploma or equivalent
Strong knowledge of State and Federal regulatory requirements and general banking compliance requirements pertaining to servicing and monitoring of commercial, real estate and consumer loans and escrow processing
Preferred
Associate's degree
3-5 years of experience
Formal education through 2 years of college is preferred with a minimum of 3-5 years of banking experience or appropriate work experience, including professional training and certifications, as an acceptable alternative
Knowledge of loan processes, operations, and basic loan accounting is preferred
Company
The Harbor Bank of Maryland
The Harbor Bank of Maryland is a bank providing checking, savings, and time deposit services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
John Lewis
President & Chief Executive Officer
Zakee Howard
Senior Vice President, Chief Risk Officer
Recent News
2025-04-06
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