Loan Boarding Specialist-Collateral

City National Bank • Los Angeles, CA

9h • Onsite

About The Position

This position is responsible for the review and analysis of loan packages for commercial and consumer loans and booking collateral to the Collateral Management System. Acts as liaison with Closing Department to resolve collateral matters pre and post boarding. This position will handle moderate to complex collateral issues and will work independently with minimal guidance from Supervisor or Assistant Supervisor.

Requirements

• Minimum 3 years of experience working in documentation or a bank servicing department
• Minimum 3 years of experience in analyzing loan documents and credit approval documents.
• Minimum 2 years of experience with MS Office Suite
• Knowledge of terminology and documents, related to the perfection and retention of collateral (e.g. real estate, Security Agreement and UCC filings, etc.).
• Must be able to process and handle large volumes ensuring quick turnaround.
• Familiarity with the CFPB, RESPA and Article 9.
• Associates Degree or higher.
• Strong Microsoft Office suite knowledge,
• Strong math/accounting, data analysis and business writing skills.
• Strong research and analytical skills.
• Ability to quickly adapt to and become proficient in disparate loan processing systems.
• Candidate for this position must be able to analyze commercial and consumer notes and credit memorandum.
• Candidates must have a strong documentation and collateral background.

Responsibilities

• Performs collateral reviews and identifies exceptions
• Ensures that Demands and Reconveyances tracking is in conformity with regulatory/government requirements.
• Updates the Collateral Tracking System
• Fulfills internal requests for collateral review and document preparation
• Responsible for ensuring compliance with assigned Bank policies and procedures relating to collateral perfection and monitoring.
• Processes, solves and answers simple to complex collateral related issues.
• Responsible for data integrity of Collateral Management System.
• Maintains a proficient knowledge of applicable banking and RESPA rules and regulations.
• Manage Special Projects independently.
• Maintain a proactive, committed approach to such programs as Customer first, Community Reinvestment Act (CRA) and Equal Employment Opportunity.

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: Associate degree