Loan Processing Coordinator

California Bank of Commerce•Irvine, CA

About The Position

The Loan Processing Coordinator processes and closes Commercial, Construction, Letter of Credit, and Consumer loans in accordance with regulatory requirements and company policies and procedures. The position works with Relationship Managers, Portfolio Managers/Underwriters, and Banking Services Officers to gather due diligence information for credit files. It ensures that loans are properly documented, supporting and contractual documents are filed according to Bank procedures, and documentation complies with state and federal laws while protecting the interests of the Bank and its borrowers.

Requirements

High school diploma or GED equivalent.
Computer skills, including Microsoft Office products (Outlook, Excel, and Word), Laser Pro, and other required programs.
Strong analytical, problem-solving, time-management, and organizational skills.
Ability to handle detail-oriented transactions and manage multiple loans at a time.
Excellent verbal, written, and interpersonal communication skills, including the ability to explain programs, loan terms, features, policies, and benefits to customers and business partners.
Strong interpersonal skills, dedication to teamwork, and ability to work closely with others.
Ability to interact with coworkers, follow directions and work rules, and accept constructive feedback.

Nice To Haves

Three to five years of experience in banking or lending.
Previous experience with bank mainframe systems such as Jack Henry, ITI, or FIS/FCM.

Responsibilities

Review credit approval conditions and determine the documentation required to complete loan files.
Save required loan and supporting documentation in credit files according to Bank standards and policy.
Review entity documents, including bylaws, operating agreements, and articles of organization or incorporation, to determine authorized loan signers.
Order and/or review third-party reports, including OFAC checks, title reports, UCCs, Flood Certificates, Certificates of Status, and CIP.
Review Preliminary Title Reports and endorsements, and address exceptions.
Review escrow documents and requirements.
Request appropriate insurance requirements and endorsements.
Order and review loan documents to confirm they match credit approval and that required signatures, initials, and notarizations are complete.
Coordinate loan closings with borrowers, Relationship Managers, title or escrow parties, and attorneys as needed or requested.
Compile accurate disbursement information to ensure required fees are collected and loans are funded correctly.
Ensure collateral is perfected and file UCCs according to UCC requirements.
Prepare loan boarding packages and close and disburse loans in accordance with federal laws, Bank policy, regulations, and approved loan commitments; closing may include entering wires according to disbursement instructions.
Process third-party invoices and general ledger transactions.
Manage post-funding tickler items, including UCC post-searches and title policies.
Research and correct external and internal audit exceptions as directed.
Adhere to Bank policies and applicable federal and state banking laws and regulations.