Loan Administration Officer

Cathay General Bancorp • Rosemead, CA

77d • $36 - $43

About The Position

Responsible for the preparation/review (attorney prepared) loan documents for commercial loans. Obtain and review all necessary loan information to prepare/review adequate loan documents and take appropriate action on any issues. Acts as a liaison with internal and external sources, coordinate meetings with related parties as needed, working with title companies as well as internal and external legal sources. Coordinates loan closing, ensuring that all loan documents are properly executed, all terms and conditions are fulfilled, and collateral position is perfected within the allowed time frame.

Requirements

• College graduate with major in accounting or business preferred.
• Minimum three or more years of experience at a senior level in commercial loan documentation and funding performing functions independently.
• Some supervisory experience is a plus.
• Detail-oriented and accurate.
• Ability to make sound recommendations to improve workflow.
• Excellent communication skills.
• LaserPro and PC proficient.
• Some IBS proficiency.
• Knowledge on reviewing attorney prepared loan document.
• Thorough knowledge and understanding of commercial loans and international lines of credit.

Responsibilities

• Review all necessary loan information to prepare appropriate loan documents, including loan approvals, appraisals, borrowing authority documentation, title information, demand, and any additional information as needed to perfect the bank's position and reflect the terms of the loan approvals.
• Prepare or review attorney prepared/LaserPro complex loan documents based upon loan approvals, adhere to bank policies and procedures.
• Participate in loan document discussion with bank legal/outside counsel and relationship manager.
• Ensure loan documents are accurate, complete, and in compliance with all federal and state laws and regulations.
• Work with the Legal Department or outside counsel when appropriate to coordinate the preparation of loan documents or to obtain specific legal language as needed.
• Communicate with the loan officer to ensure that all title issues are satisfied.
• Work on loan closing/funding, ensuring that all loan documents are properly executed and approved by the loan officers.
• Perform post funding jobs including collateral perfection, tax service, UCC filings, tickers, ensure lien position and follow up trailing documents.
• Database administrator for LaserPro, responsible for updating and maintaining LaserPro library setting.
• Create and update Department Desk Top Procedures.
• Train and provide guidance to junior team members and review and sign off on junior team member's work.
• Review/create partial releases and collateral hold releases.
• Other duties as assigned by supervisor/manager.

Benefits

• $36.06 - $43.26 / hour Pay determined based on job-related knowledge, skills, experience, and location.
• This position may be eligible for a discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree