Loan Operations Administrator

Western Alliance Bank • Phoenix, AZ

86d

About The Position

The Loan Administrator will assist the Warehouse Lending Group in documenting, negotiating, and closing various types of warehouse lending transactions. The Loan Administrator may draft and/or review basic legal documents, contracts, and correspondence, and also 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 inquiries 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.
• Intermediate speaking and writing communication skills.

Responsibilities

• Assist the Warehouse Lending Group in documenting, negotiating, and closing warehouse lending transactions.
• Draft and/or review basic legal documents, contracts, and correspondence.
• Direct outside counsel in connection with the documentation of warehouse lending and MSR transactions.
• Support 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.
• Ensure loan submissions comply with bank policies and procedures.
• Maintain accurate and properly documented loan documentation.
• Prepare submission of files for boarding, including disbursements of loan proceeds.
• Ensure all fees are properly and fully collected at closing.
• Follow up on post-closing exceptions and receipt of original signed documents.
• Monitor tickler files for accounts.
• Research credit inquiries and UCC filings to determine credit worthiness and appropriate collateral positioning.

Benefits

• Competitive salaries
• Ownership stake in the company
• Medical and dental insurance
• Time off
• Great 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 251-500 employees