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Construction Loan Processor (Full Remote - Must live in DC/MD/VA)

Rockville, MD

Position: Construction Loan Processor

Location: Rockville, MD
This position requires local residency as you may need to visit a job site

Company Description: Our lender is a reputable financial institution specializing in construction lending solutions for real estate developers, builders, and investors. With a commitment to excellence and innovation, we provide tailored financing options to support construction projects of all sizes. We offer a supportive work environment and competitive benefits package, including health insurance, retirement savings plan with employer match, and professional development opportunities.

Position Overview: We are seeking an experienced Construction Loan Processor to join our team in Rockville, MD. The ideal candidate will have a strong background in loan processing, with specific experience in construction lending. As a Construction Loan Processor, you will play a key role in facilitating the loan application process, ensuring compliance with regulatory requirements, and providing exceptional service to our clients.

Responsibilities:

  • Review and analyze construction loan applications and supporting documentation.
  • Verify borrower information, credit history, and financial documents.
  • Coordinate with borrowers, lenders, and other stakeholders to gather required information and documentation.
  • Prepare loan packages and submit applications to underwriting for approval.
  • Monitor loan status and communicate updates to clients throughout the process.
  • Ensure compliance with regulatory requirements and internal policies.
  • Collaborate with internal teams, including underwriters, closers, and loan officers, to expedite loan closings.
  • Provide exceptional customer service and support to clients throughout the loan process.

Qualifications:

  • Bachelor's degree in finance, business administration, or related field preferred.
  • 3+ years of experience in loan processing, with a focus on construction lending.
  • Strong understanding of loan documentation, underwriting criteria, and regulatory requirements.
  • Excellent attention to detail and organizational skills.
  • Proficiency in Microsoft Office Suite and loan processing software.
  • Strong communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
  • Ability to prioritize tasks and manage multiple projects simultaneously.
  • Knowledge of construction industry practices and terminology is a plus.

Benefits:

  • Competitive salary in the range of $65,000-$80,000, commensurate with experience.
  • Health, dental, and vision insurance.
  • 401(k) retirement savings plan with employer match.
  • Paid vacation and holidays.
  • Professional development opportunities.

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