Loan Assistant / Sr. Loan Assistant

Cathay Bank•El Monte, CA

3d•Onsite

About The Position

Under limited supervision and following established policies and department procedures, provide administrative support for the Corporate Lending Department. This role involves ordering reports, preparing underwriting packages, setting up deals in the Loan Origination System, supporting loan closings and funding, and assisting Loan Officers with various tasks.

Requirements

College degree in business or finance preferred or equivalent experience
Sr. Loan Assistant requires a minimum of 2+ years in commercial lending or similar financial services environment.
Loan Assistant requires a minimum of 1-2 years of customer service, administrative and experience meeting deadlines
PC Proficient and detail oriented.
Strong verbal and written communication skills.

Nice To Haves

Bilingual (English/ Mandarin or Cantonese) is a plus.
Ability to effectively interact with customers and all levels of management

Responsibilities

Order reports including appraisal, environmental, credit search and other related reports as required.
Prepare new and renewed underwriting packages.
Create and set up deals in Loan Origination System while scanning and uploading necessary information.
Support Loan Officers in loan closing and funding including coordinating with the signing of loan documents and collection of other pre-closing items with customers and loan support officers for loan closing.
Underwrite new and renewed loans under $1 million dollars when needed.
Assist Loan Officers with credit modifications and amendments.
Assist Loan Officers in customer service and follow up on outstanding items.
Assist Loan Officers with various account monitoring activities.
Prepare and distribute routine reports.
Maintain loan files and follow up reporting and financing covenants.
Assist with coordinating and training tasks for less experienced Loan Assistants.