Careers

Openings >> Loan Administrator
Loan Administrator
Summary
Title:Loan Administrator
ID:1065
Department:Portfolio Management
Description
Position Description
 
Loan Administrator 
 
Date Prepared:          September 4, 2014
Corporate Title:         Assistant Secretary
 

FLSA:                           Exempt

EEOC Class:                Administrative

Department:               Portfolio Management          
Reports to:                  VP& Portfolio Manager

Position Summary: Ensure the accurate and timely processing of loans sourced by the Portfolio Management Department and the Lending Department; including updating EZ Lender and Premier Core Systems once a favorable or adverse action is taken. Produce compliance reports form EZ Lender for timely reporting to Bank Regulators. Organize credit files prior to and after loan closings.

Essential Duties and Responsibilities:
 
  • Accurately initiate new applications and book loans into the core loan systems, including EZ Lender and Premier
  • Prepare credit files and enter client data into electronic database
  • Process Good Faith deposits and maintain accurate receipt and disbursements of these deposits
  • Prepare loan documentation checklist to monitor loan progress
  • Perform pre-closing review of loan settlement disbursement agreement and CAM, as well as draft copies of loan documents prior to loan closings
  • Prepare internal loan documents for lines of credits and various business loans
  • Record and update UCC-1 filings as necessary
  • Perform CIP and CDD for accuracy of loan decisions and validate prerequisites  before closing a loan
  • Order and review third party credit reports
  • Submit check requisitions to the Accounting Department for payment to the various third party vendors
  • Interact with insurance companies to retrieve premium figures; review insurance coverage of subject property to make sure bank is covered
  • Review credit and legal files for completeness and accuracy; interact with attorneys and lending officers to obtain require documents
  • Resolve servicing issues and handle customer inquiries regarding payment issues, insurance issues, escrow issues..
  • Prepare wire transfers, loan advances and loan payments
  • Keep track of closed loans, loans in progress and approved loans
  • Review, photocopy and prepare legal docs for shipment to servicing company
  • Prepare legal file and legal file checklist
  • Work closely with various department to achieve common goals
  • Support Portfolio Management with existing loan reporting
  • Support the Lending Team with loan originations
  • Support Loan Workout with existing flow
    Background  and Experience: 
 
  • Familiarity with loan documentation and credit files
  • Ability to read and understand credit memorandums for CRE and Business Loans
  • Strong communication and organizational skills required
  • Ability to work independently and manage multiple priorities
  • Attention to detail is critical
  • Team-Player
  • proficiency with Microsoft Excel and Word
  • Bachelor's degree is preferred
  • Two years of experience in Loan Administration


Manager Signature: ____________________________                     Date Signed: ____/____/____
 
 
 
Employee Signature: _________________________                          Date Signed: ____/____/_____
 
This opening is closed and is no longer accepting applications
ApplicantStack powered by Swipeclock