Loan Support Officer

Cathay Bank•El Monte, CA

2d•$26 - $38

About The Position

Following established policies and department procedures, responsible for closing commercial real estate and construction loans including new loans, renewals, modifications, and amendments. Support Loan Officers in processing deals, client service, and loan/covenant monitoring.

Requirements

College graduate with major in accounting, finance, or business preferred.
Minimum 2-3 years commercial real estate lending and banking experience with strong understanding of closing construction loans.
Windows, Word, Excel, and Outlook proficiency.
Good verbal and written communication skills.
Organized and detail oriented.
Good knowledge of general bank credit underwriting policies.
Ability to manage loan funding/closing and complex loan issues.
Ability to work effectively in a fast-paced, high-production environment.
Strong financial analysis and accounting skills.

Nice To Haves

Bilingual (English and Mandarin/Cantonese) a plus.

Responsibilities

Coordinate with internal and external units (e.g., loan documentation department, loan servicing department, title, escrow, borrower, broker) to close commercial real estate and construction loans.
Verify equity for construction loans.
Set up construction loan ledgers and balance sources/uses of funds.
Assist in monitoring loan covenants and insurance.
Support lending team’s client service and loan processing.
Upload loan-related documents to imaging system.
Prepare required disclosure information within designated time frames.
Prepare periodic reports.
Provide quality client service and follow up on outstanding items.
Ensure compliance with bank, regulatory and credit requirements with emphasis on quality client service while adhering to given deadlines.