Loan Administrator (Commercial Lending)

Western Alliance Bank•Biltmore, TN

6d•Onsite

About The Position

As a Loan Operations Administrator in the Warehouse Lending group, you'll document, negotiate, and close various types of warehouse lending transactions. In this role you'll draft and/or review basic legal documents, contracts, and correspondence, and direct outside counsel in connection with the documentation of warehouse lending and MSR transactions. Responsible for supporting the Loan Operations Team Lead in processing loan requests prepared by Lending Origination Officers. Prepare loan packages for review by Documentation, Compliance and the Lending Origination Officer. Work collaboratively with the team to ensure loan submissions comply with bank policies and procedures, and that completed loan documentation is accurate and properly maintained. Prepare the submission of files for boarding, including disbursements of loan proceeds; ensures all fees are properly and fully collected at closing. Ensures follow up on post-closing exceptions and receipt of original signed document. Monitor tickler files for accounts; ensures credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.

Requirements

1+ years of related experience in Loan Administration, Lending and/or Deposit Sales, or similar field.
High school diploma required.
Loan administration experience within commercial lending is highly preferred.
Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Knowledge of one or more loan types.
Proficient in multi-tasking in a team oriented environment and focused on the highest standards of client service.
Intermediate speaking and writing communication skills.

Nice To Haves

Loan administration experience within commercial lending is highly preferred.

Responsibilities

Document, negotiate, and close various types of warehouse lending transactions.
Draft and/or review basic legal documents, contracts, and correspondence.
Direct outside counsel in connection with the documentation of warehouse lending and MSR transactions.
Support the Loan Operations Team Lead in processing loan requests prepared by Lending Origination Officers.
Prepare loan packages for review by Documentation, Compliance and the Lending Origination Officer.
Ensure loan submissions comply with bank policies and procedures.
Ensure completed loan documentation is accurate and properly maintained.
Prepare the submission of files for boarding, including disbursements of loan proceeds.
Ensure all fees are properly and fully collected at closing.
Follow up on post-closing exceptions and receipt of original signed document.
Monitor tickler files for accounts.
Ensure credit inquiries and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.

Benefits

Competitive salaries
An ownership stake in the company
Medical and dental insurance
Time off
A great 401k matching program
Tuition assistance program
An employee volunteer program
A wellness program
Opportunity to bolster business knowledge
Learning the ins and outs of how successful companies operate and manage their finances
Invaluable hands-on experience to help grow your career