Loan Assistant

Cathay Bank•Rosemead, CA

About The Position

People Drive Our Success Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities. Apply today! What our team members are saying: Video Clip 1 Video Clip 2 Video Clip 3 GENERAL SUMMARY Documentation, Closing & Funding Department is responsible for preparing commercial loan documentation in LaserPro or reviewing attorney prepared loan documents, and coordinate loan closing ensuring all loan documents are properly executed, and all loan terms/conditions are fulfilled and collateral perfection within allowed timeframe.

Requirements

PC proficient.
Strong verbal and written communication skills.
Organized and detail oriented.

Nice To Haves

Minimum 2 years junior college level or equivalent preferred but not required.
Some banking experience is a plus.
Generate loan documents using LaserPro is a plus.

Responsibilities

Create LaserPro loan documents for all simple commercial loans (i.e. Smart Capital Loans, Cash-Secured Loans and LEAMNs).
Review attorney prepared loan documents prior to borrower signing to verify inclusion of Cathay Bank standard provisions, covenants, and other wording in accordance with approval.
Validate the loan and borrower supporting documentation and request follows Bank’s policies, procedures, and Federal, State, and other regulatory requirements.
Communicate and resolve any supporting documentation issues or questions/clarifications on the conditions/wording appearing in the approval with Lending Unit.
Receive signed loan documents and perform closing and funding activities including ensuring all loan documents are properly executed by authorized signer and reviewed/signed by Account Officer.
Process wire request, remit funds to pay off other lender, file UCC-1, set up and maintain ticker and monitoring databases.
Respond to internal and external inquiries in a timely manner and satisfactory manner (i.e. Lending Units and Loan Servicing).
Track for trailing documents (i.e. recorded UCC filings, etc.).
Retrieve and distribute incoming interbranch mail.
Other duties as deemed necessary by supervisor/manager.