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Loan Documentation Administrator
Union Bank
Irvine, CA, United States
Job Details - this job has expired, please see similar jobs below
Provide loan administration services for moderate to complex permanent commercial real estate loans and/or commercial business loans depending on department.
Major Responsibilities:
55% 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).
30% 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
Qualifications
• 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 a high school diploma or equivalent.
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.