Credit Administration Counsel

Farmers and Merchants Bank of Long Beach • Lakewood, CA

3d

About The Position

The Credit Administration Counsel is primarily responsibility is to support the loan documentation production process. This position provides assistance with complex loan documentation, provision drafting, negotiating documentation structure with outside counsel and creating efficiencies that will enhance the production and turnaround of loan documents to our branches. Acts as primary liaison between Bank, Bank counsel, and clients.

Requirements

• Bank Secrecy Act (BSA)
• Fair Credit Reporting Act
• Fair Housing Act
• Real Estate Settlement Procedures Act (RESPA)
• Regulation AA (Unfair or Deceptive Acts or Practices)
• Regulation B (Equal Credit Opportunity)
• Regulation CC (Expedited Funds Availability Act)
• Regulation E (Electronic Funds Transfer Act)
• Regulation H (Flood Disaster Protection Act)
• Regulation P (Privacy Act and Safeguarding Customer Information)
• Uniform Commercial Code (UCC)
• California Civil Code
• Fair Debt Collection Practices
• Regulation Z (Truth in Lending Act)
• Regulation BB (Community Reinvestment Act)
• Regulation DD (Truth in Savings)
• US Patriot Act
• Regulation O (Federal Reserve Act and Federal Deposit Insurance Act)
• Regulation C (Home Mortgage Disclosure – HMDA)
• Regulation U (Governs Margin Securities)
• Regulation W (Transactions with Affiliates)
• Clear understanding of the English Language (Spoken & Written)
• Microsoft Office Products (Excel, Word, Outlook)
• Finastra – LaserPro & LawyerPro application
• Laserfiche imaging application
• Jack Henry & Associates core operating system
• Core understanding of Credit Policy Manual
• Core understanding of Loan Documentation & Procedures Manual
• Basic Mathematics Skills
• Customer Service Skills
• Strong typing skills
• Strong time management and organizational skills
• Critical Thinking, Judgment & Problem Solving Skills
• Ability to actively listen & learn
• Ability to respectfully communicate with Supervisors and Co-workers
• Ability to effectively deal with unpleasant, angry or discourteous people
• Desktop Computers
• Standard Office Equipment (copiers, scanners, fax machines)
• Requires sitting for prolong periods of time.
• Requires lifting up to 15 lbs.
• Office setting w/controlled temperature
• Bachelor’s Degree in business, finance, or related field, and/or comparable work experience.
• 15+ years loan documentation experience

Nice To Haves

• Licensed attorney or Juris Doctor preferred.

Responsibilities

• Responsible for quickly and accurately finalizing LawyerPro loan documents.
• Assist lending staff (our internal customers) with clarifying and/or verifying information during the process of drawing documents.
• Supports the production of complex loan documentation, drafting special/additional provisions. May also work with legal counsel on documentation issues.
• Serve as primary liaison for loan transactions requiring engagement of outside legal counsel, working independently to facilitate loan documentation in accordance with loan approval; Communicate with branch lending staff, borrower or other third parties to negotiate acceptable loan documentation terms and provisions to facilitate matter to timely completion.
• Analyzes complex documentation requirements and provides solutions.
• Maintains a library of loan provisions, updating periodically to ensure compliance with current requirements and regulations.
• Provide training and support to loan documentation staff and branch lending support staff.
• Identify and elevate efficiency opportunities in the loan documentation process to assist in improving deliveries.
• Participate as a member of the Credit Administration Committee and provide recommendations and guidance related to the Bank’s lending function, reporting and policy. Propose action items and develop presentations related to regulatory guidance, changes in Federal, state and local laws applicable to the lending function and loan documentation.
• Other duties as assigned.
• COMPLIES WITH ALL STATE AND FEDERAL BANKING REGULATORY REQUIREMENTS, INCLUDING BUT NOT LIMITED TO: BSA, ANTI-MONEY LAUNDERING OFAC, CIP, FINANCIAL ELDER ABUSE REPORTING, SEXUAL HARASSMENT, INFORMATION SECURITY AND PRIVACY REQUIREMENTS. THIS POSITION WILL ELEVATE SUSPICIOUS ACTIVITY TO SUPERVISORY STAFF AND/OR BSA DEPARTMENT. COMPLETES COMPLIANCE AND OTHER TECHNICAL TRAINING WORKSHOPS AS ASSIGNED.
• File Review

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level