Loan Administrator

Western Alliance Bank•Biltmore, TN

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
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

Responsibilities

documenting warehouse lending transactions
negotiating warehouse lending transactions
closing warehouse lending transactions
drafting basic legal documents
reviewing basic legal documents
drafting contracts
reviewing contracts
drafting correspondence
reviewing correspondence
directing outside counsel in connection with the documentation of warehouse lending and MSR transactions
supporting the Loan Operations Team Lead in processing loan requests prepared by Lending Origination Officers
preparing loan packages for review by Documentation, Compliance and the Lending Origination Officer
ensuring loan submissions comply with bank policies and procedures
ensuring completed loan documentation is accurate and properly maintained
preparing the submission of files for boarding, including disbursements of loan proceeds
ensuring all fees are properly and fully collected at closing
ensuring follow up on post-closing exceptions and receipt of original signed document
monitoring tickler files for accounts
ensuring credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved