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Senior Commercial Loan Administrator, Community Lending (Remote)

Chevy Chase, MD · Banking/Loans
COMPANY DESCRIPTION:  Forbright Bank is a full-service bank, commercial lender, and asset manager headquartered in Chevy Chase, Maryland. Forbright is a banking and financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.

COMPANY CULTURE:  We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance (ESG) practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back.  We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.

COMPANY MISSION:  We are a values-driven institution with an uncommon commitment to decarbonization and sustainability. As the need to build a more sustainable, low-carbon economic system grows increasingly urgent, we are dedicating half of our assets to financing the companies, investors, and innovators driving that change. We are reimagining how a bank should operate in a changing world.

JOB SUMMARY:  We are looking to hire a remote Senior Commercial Loan Administrator that will be responsible for supporting Loan Officers and Portfolio Managers, by providing expertise loan administration services for complex commercial construction and real estate loans throughout the life of transaction.

DUTIES AND RESPONSIBILITIES:
  • Prepares all necessary loan documents, typically within LaserPro, associated with the Community Banking Division’s loan originations to include Commercial Real Estate and Commercial & Industrial loans
  • Reviews third party due diligence including UCC, Title, Property Tax, Escrow & Insurance for completeness & compliance
  • Reviews attorney prepared loan documents and ensures those documents are: Prepared by a Bank approved firm, 2) Prepared in accordance with Forbright Bank’s standards, and 3) In line with the terms and conditions as approved
  • Facilitates the review of all third-party reports as described above by the appropriate internal or external vendor as is warranted
  • Orders and/ or completes CIP/OFAC, Good Standing, UCC Searches, Flood Searches, and other background checks as is necessary
  • Reviews organizational documents for non-entity Borrowers/Guarantors
  • Engages Title Company for settlement, Attorney for document preparation (if applicable), and interacts with insurance agents to collect appropriate insurances as required by the loan approval
  • Remits executed loan files to Loan Operations for boarding
  • Images loan file
  • Must be familiar with HMDA
  • Submit checks collected for processing and submit invoice payments to accounting
  • Perform preliminary review of loan documents prior to closing as needed
  • Perform due diligence related to bought and sold participations as needed
DESIRED QUALIFICATIONS:
  • Minimum of 5 years’ experience in Commercial loan documentation and closing
  • Advanced experience using LaserPro
  • Bachelor’s degree
  • Strong attention to detail and possession of solid organizational and time management skills to be able to work independently and handle multiple priorities under pressure of time constraints
  • Strong organization skills
  • Excellent customer service, written and verbal communication skills
  • Ability to identify problems and develop procedures to resolve or correct situations

ADDITIONAL DUTIES:  For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.

PERKS/BENEFITS:
💼 Comprehensive health, dental, and vision plans
🌴 4 weeks PTO
💰 401k + company match
🚉 Metro SmartTrip benefits ($50/mo)
💻 WFH flexibility
🚴 Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
🍎 Paid subscriptions to Veterans Compost, Imperfect Foods and more!


Forbright Bank is committed to cultivating an environment that promotes diversity as a fundamental value. We welcome employees with a range of experiences, backgrounds, and perspectives. Forbright Bank is an Equal Opportunity Employer
 

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