Home > Los Angeles jobs > Los Angeles accounting/financial

Posted: Monday, January 8, 2018 3:58 PM

California Bank and Trust, a leader amongst banks in California with over $10 billion in assets and nearly 100 branch offices in the state, is currently seeking a Loan Administrator to manage the documentation review and loan closing process for commercial loans. California Bank & Trust prides itself on creating California's best banking relationships and to do this we must continue to build a team of intelligent contributors who can add value to our clients' businesses and build deep roots in the communities we serve.

Position Responsibilities:

* Manage the documentation review and loan closing process for commercial, business or commercial real estate loans.

* Works directly with relationship managers (RM), along with the borrower, legal counsel, title companies, insurance agents, and vendors to ensure closing requirements are met and necessary due diligence is obtained.

* Represent the organization with clients and outside agencies. Review and comprehend complex loan documentation, loan terms and financial elements for accuracy and consistency with the Credit Approval.

* Ensures documents are prepared in compliance with credit policy, documentation standards and regulatory requirements.

* Identity potential risks and provides solutions.

* Responsible for ensuring waivers or deviations from policy are adequately documented. Instruct attorney to prepare loan documents in accordance with credit approval and bank's requirements.

* Interact with clients, collecting, reviewing and distributing due diligence items necessary for a loan closing.

* Actively negotiates and coordinates loan documents with Legal counsel.

* Notifies the RM, attorney and client of items missing items or required corrections and ensures attorney closing checklist is accurate.

* Assist RM with clarification of legal, policy and documentation issues requiring adjustments.

* Confirms budget, escrow closing statement and bank settlement statements are in balance, ensuring fees and expenses are accounted for and outstanding items are identified.

* Ensures appropriate approval and/or waivers and exceptions are obtained.

* May train and mentor lower level loan closers.

* Other duties and/or projects as assigned.


Associated topics: collections officer, document, loan closer, loan collections officer, loan interviewer, mortgage, mortgage clerk, process, verify, verification


• Location: Los Angeles

• Post ID: 156317442 losangeles is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018