Loan Administrator

Mechanics Bank•Walnut Creek, CA

1d•$25 - $35•Onsite

About The Position

Mechanics Bank is currently searching for a Loan Administrator to join our team. This role will be working on-site and is responsible for assisting Sr. Loan Administrators with the closing of loans involving the full range of multifamily loans and commercial banking loans. The position assists with relationship managers, underwriters, outside counsel, and title insurance companies to ensure compliance and resolve issues, and coordinates all aspects of loan closing. The Loan Administrator brings to lender’s attention critical issues that require resolution.

Requirements

Required High School or GED
Knowledge of loan closing processes, rules, and requirements.
Knowledge of real estate loan requirements and practices.
Knowledge of credit analysis theory and practices.
Knowledge of property title requirements and complex relationships such as LLC’s, partnerships and the various entity structures.
Must be a motivated self-starter who can independently prioritize and manage multiple tasks in a fast-paced environment.
Ability to communicate verbally and in writing with Bank professionals, outside counsel and other professionals, lenders, and Bank servicing units.
Excellent analytical skills and attention to detail.

Nice To Haves

Additional experience may be considered in lieu of degree.
Preferred 3 loan operations/banking experience
May be required to secure notary license.

Responsibilities

Accurately scan complete loan files into Director system, within timeframe of procedures.
Assist with closing of loans involving multifamily loans, commercial real estate (CRE), commercial and industrial (C&I) and other commercial loans.
Work with other Loan Administrators, Relationship Managers, Underwriters, internal and outside counsel, title insurance companies and insurance companies to ensure compliance and resolve issues.
Assist with setting up new loan files and order third party reports including appraisal, environmental, and title reports.
Assist and work closely with Loan Administrator’s and Loan Origination team to analyze borrower, guarantor and collateral information to verify legal entities, collateral ownership and proper loan structure to protect the Bank’s interest.
Assist with document review of accuracy, completeness and maintains loan files; assembles materials for audits, assists in related department projects.
Assemble materials for closing, coordinate all aspects of the closing, and ensure adherence to covenants and conditions of the loan documents.
Coordinate loan administration processes with relationship managers/lenders and the Loan Operations (Loan Boarding).
Comply with all applicable regulations, policies and procedures regarding the security, confidentiality and privacy of non-public personal information about customers and consumers, including, but not limited to the GrammLeach-Bliley Act (GLBA), corporate security policies and departmental procedures.

Benefits

Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts
Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan
Tuition Reimbursement Program
Student Loan Assistance Program
Supplemental Health plans
Voluntary Legal
Identity Theft Services
11 paid holidays
paid Sick days (accrual of one hour for every 30 hours worked)
up to 25 paid vacation days
16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account
Discounted rates on primary residence loan with $0 origination fees (restrictions apply)