Location: Irvine, CA
Contract Period: 03+ Months (Possible Extension)
Job Description:
Provide loan administration services for moderate to complex permanent commercial real estate loans and/or commercial business loans depending on department.
Major Responsibilities:
70% Documentation Preparation: Prepare loan documentation to reflect approved loan terms and consistency with Bank Policy and Procedures for new loans and modifications as well as compliance with governing regulatory authorities. Ensure loan documentation complies with Banks operational requirements and can be serviced on Banks system of record. Coordinate document negotiations between borrower, attorney and account offices as appropriate and obtain approvals as required. Deliver executable loan documents in accordance with account officer and borrower requirements. Communicate and coordinate with all external parties with regards to required information (legal, title, and escrow).
15% Loan Closing: Review of executed loan documents to determine they have been properly signed, initialed and/or notarized. Prepare closing instructions and transmission of loan documents for recording to title/escrow. Determine that all pre-closing requirements and audit exceptions are satisfied or appropriate waivers are obtained. Preparation or coordination of applicable loan documents for filing/recording, funding and boarding of loan onto Banks system of record within required timeframes. Establish appropriate ticklers to cover all loan information to be monitored.
15% Miscellaneous Duties: Additional Information: Strong knowledge of commercial real estate and/or commercial documentation. Previous experience with preparing loan documents through the use of an automated documentation system. Must have high school diploma or equivalent.
All your information will be kept confidential according to EEO guidelines.