Loan Processor

Banc of California • Santa Ana, CA

9h

About The Position

A Loan Processor performs a variety of complex administrative functions necessary to support the relationship management of the commercial real estate lending portfolio. Works with loan processors, loan officers, customers, and other departments; assuring consistent communications in a professional and timely manner. Assists customers and resolves problems concerning commercial real estate relationships in a positive, cost-effective manner. Position supports the real estate lending team and has cross-training support of certain commercial real estate loan operations functions. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.

Requirements

• Minimum 2-3 years of banking experience required
• High School Diploma or equivalent required
• Intermediate PC skills including proficiency in MS Word
• Strong Excel skills, excellent time management, and a high level of attention to detail.
• Ability to meet deadlines in a fast-paced environment
• Ability to handle a high volume of work, quickly and accurately

Nice To Haves

• Associate’s degree or higher
• Notary preferred
• ITI Navigator, Director and Prime knowledge
• High School diploma or equivalent required

Responsibilities

• Manage covenant ticklers for an assigned loan portfolio and perform required callbacks to ensure timely compliance.
• Issue financial reporting requests in accordance with departmental policies and process.
• Receive, review, and process borrower financial statements, ensuring completeness and accuracy.
• Collaborate closely with assigned Credit Analysts to satisfy ongoing and ad hoc financial reporting requirements.
• Review loan credit files to identify and resolve compliance, documentation, and policy exceptions.
• Prepare and organize loan files for transferred loans, verifying all documents are properly filed and up to date.
• Validate borrower entity structures in accordance with loan documents.
• Coordinate with third party vendors, including escrow and insurance companies, to support loan administration and servicing needs.
• Prepare and submit CLS tickets related to payments, ACH setup, address changes, and IBS maintenance.
• Prepare worksheets and coordinate with the Note Department to obtain required loan documentation.
• Review loan documentation for financial reporting requirements, as needed.
• Participate in departmental projects and initiatives as assigned.
• Perform general office duties, including mail processing, filing, and record maintenance.
• Bring prior experience closing C&I, Consumer, Commercial Real Estate, and/or Construction loans.
• Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type.
• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions.
• The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
• Performs other duties and projects as assigned

Benefits

• Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long- term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
• Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
• Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED