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Loan Administrator
Union Bank
Brea, CA, United States
Job Details - this job has expired, please see similar jobs below
Provide a high level of sophisticated loan administration services for Commercial Mortgage Backed Securities (CMBS), complex commercial construction and permanent real estate loans throughout the life of the transaction.
Major Responsibilities:
35% Documentation:
• Job responsibilities include review of credit approval and due diligence items and review loan documentation preparation to ensure transaction complies with Bank policy and procedures and governing regulations.
• Act as key liaison with account officers, borrowers, CMBS Servicing Partners, title company representatives and attorneys, and all other parties involved in lending process.
• Ensure protection of the Banks interest while working with account officers to provide a high level of customer service.
• Ensure loan documentation complies with Banks operational requirements and can be serviced on Banks system of record.
20% Post Closing:
• Continue to provide customer service to account officers, CMBS Servicing Partners, and borrowers (if applicable) throughout life of loan.
• Follow up for post close documentation deficiency items.
• Establish and monitor loan ticklers on Banks tracking system.
• Coordinate review and approvals for all disbursements throughout construction, interfacing with Construction technical engineer and account officers.
• Ensure loan remains in balance with construction budget.
• Prepare demand letters, requests for reconveyance and UCC terminations.
15% Loan Closing Review of executed loan documents to determine they have been properly signed, initialed and/or notarized.
• Establish construction line item budget on Banks budget monitoring system. Prepare closing instructions and transmission of loan documents for recording to title/escrow.
• Determine that all pre-closing requirements and exceptions are satisfied or appropriate waivers are obtained.
• Reparation or coordination of applicable loan documents for filing/recording, funding and boarding of loan onto Banks system of record within required timeframes.
15% Miscellaneous Duties:
• Ad hoc projects as requested, including but not limited performing an administration functions for other lines of business.
15% Training and Advisory
Qualifications
• 3-5 years of technical experience in Commercial Lending and in-depth knowledge of Commercial Mortgage Backed Securities (“CMBS”), commercial real estate documentation and previous experience with automated documented system.
• Technical expertise in title and entity formation.
• Strong oral and written communication skills.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.