Loan Administrator

Description

Must be able to work independently, administers the Consumer Loan, Commercial Loan and Real Estate Loan portfolios including support of Relationship Managers in packaging and servicing the documentary records (files) pertaining to these portfolios, document preparation, loan closing, and follow up for trailing documents.

* Loan Administration and Support

• Assist with closings for new and renewed loans;
• Coordinating all loan closings with attorneys;
• Review of attorney prepared commitment letters;
• Tickler tracking and follow-up on title insurance policies and other recorded documents for real estate loans;

* Loan Documentation

• Preparation of Commercial Loan documentation, including but not limited to: commercial RE secured loans, construction loans, commercial loans/lines of credit, asset-based loans, SBA loans, participations/syndications, letters of credit;
• Preparation of Consumer Loans, including but not limited to: construction loans, unsecured loans, vehicle loans, aircraft loans, boat loans, and cash/marketable securities/investment account secured loans.;
• Coordinate efforts with title companies and attorneys when required;
• Review documentation request for compliance with Bank policy, underwriting authority and pricing approval guidelines;
• Review all prepared documents for compliance with credit approval;
• Review of attorney prepared documents;
• Review entity documents to confirm appropriate signers as detailed on the credit approval;
• Provide timely and complete notification to Relationship Manager of required items, which are missing from the documentation request and assist in obtaining those items;
• Prepare the necessary loan funding entries and/or wires for loan closings;
• Gathering CIP information;
• Prepare booking sheet;
• Create and maintain collateral documentation files.

* Maintenance and Servicing

• Maintains the quality of the electronic credit files;
• Executing Wire Transfers;
• Providing problem resolution;
• Receiving and answering direct or indirect inquiries from clients.

Requirements

• Minimum 5-7 years' work experience in C&I and Commercial Real Estate loan documentation preparation required.
• Proficiency in computer skills to include Microsoft Office (Word and Excel).
• Proficiency in LaserPro documentation preparation system.
• Knowledgeable of mainframe loan systems, FISERV (Navigator) preferred.
• Proficient knowledge of lending processes and procedures, loan documentation, exceptions, collateral review, payment, and loan systems.
• Work effectively in a fast-paced environment required with the ability to interpret a variety of instructions furnished in oral or written form.
• Must be able to work productively and independently with the ability to prioritize assignments and issues of significance.