Loan Administrator Senior

City National Bank • Los Angeles, CA

100d • $34 - $55

About The Position

Provides SBA 7A loan documentation supports Relationship Managers and Credit Officers in facilitating loan preparation and documentation activities. Serves as a liaison with lending team, loan center, and legal to ensure all loans are documented to fully protect the Bank's interests in the credit relationship.

Requirements

• Bachelor's Degree or equivalent work experience.
• Minimum 4 years of documentation or loan servicing experience.
• Minimum 4 years’ experience with the SBA 7A commercial loan closing process.
• Minimum 4 years of basic computer experience (e.g. Microsoft Word, Excel, Outlook) required.

Nice To Haves

• Knowledge of general banking operations sufficient to understand the loan function and knowledge of Federal and State loan documentation Regulation-S.
• Limited day-to-day supervision.
• No instructions needed for routine work, and general instructions given for new lines of work.
• Excellent verbal and written communication skills.
• Good analytical skills and the ability to pay close attention to detail.

Responsibilities

• Initiates and prepares loan documentation request packages including completion of Loan Documentation Checklist and verification of approval authority for submit to the loan center.
• Coordinates with Real Estate Documentation, Income Property Group and Asset Based Lending departments, as applicable, to ensure loan documentation request package is complete.
• Follows up with the loan center to resolve documentation discrepancies or to obtain missing documents.
• Audits all loan documents to verify prepared accurately to the Loan Doc Checklist and credit approvals.
• Prepares lease subordinations, non-disturbance, and estoppel agreements in accordance with Bank requirements and lease agreements.
• Responsible for verifying all set conditions of funding have been met prior to the release of loan documents to the client for execution.
• Obtains insurance documentation for new loans when required. Ensures that insurance coverage complies with established Bank standards.
• Provides ongoing support for compliance with all applicable laws, regulations and administrative duties.
• Tracks, monitors, and maintains over margin accounts to ensure Bank collateral is secured and proper holds are placed.
• Performs loan closure process.
• Requires expertise in SBA 7A and State Loan Guarantee programs.
• Sets up and ensures that all shadow legal files are kept current and in accordance with filing standards and naming convention.
• Ensures requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances, etc.).
• Responsible for meeting service level agreements for production, quality control, and responsiveness.
• Handles customer and CNB colleague (RM, Credit Officer, Manager, etc.) requests for loan requests.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date.
• Generous 401(k) company matching contribution.
• Career Development through Tuition Reimbursement and other internal upskilling and training resources.
• Valued Time Away benefits including vacation, sick and volunteer time.
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs.
• Career Mobility support from a dedicated recruitment team.
• Colleague Resource Groups to support networking and community engagement.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees