Experience:
5+ years of experience
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Employment Type:
Full time
Posted:
2/20/2019
Job Category:
Finance
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Loan Adminstrator - (1042)
Cathay General Bancorp | Rosemead, California
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Job Description

We are a bank that strives to be the premier financial partner to our customers in our market segment, and to assist our customers in reaching their financial goals and dreams. We have Integrity in everything we do. We have strategic, effective leadership that inspires everyone around us. We hire exceptional employees who are the most important asset to drive our success. We provide extraordinary service to our customers, both internally and externally.

We are celebrating our 55th anniversary in April of this year, as the first Chinese-American bank in Southern California to now a full-service bank covering nine states and having overseas presence in Asia.

We are CATHAY BANK - www.cathaybank.com

GENERAL SUMMARY

Documentation, Closing & Funding Department is responsible for preparing the Promissory Note, Business Loan Agreement, and other loan documentation in LaserPro or reviewing attorney drawn loan documents, drafting Lender's Instructions, and performing necessary pre-closing validation for closing and funding.

ESSENTIAL FUNCTIONS

* Review and document all complex Commercial Loan (i.e. CRE loan up to $5.0MM, C&I with Sub-limits, Working Capital loan, SBA 504, Int's Trade Finance loan, Construction loan and Asset Based loan - simple).
* Review attorney prepared loan documents prior to borrower signing to verify inclusion of Cathay standard provision, covenant & other wording in accordance with Credit Approval.
* Validate the receipt of the loan and borrower supporting documentation and that the request is in compliance with loan committee approval conditions, Bank's policies, procedures and Federal, State and other regulatory requirements.
* Communicate and resolve any supporting documentation issues or questions/clarification on the CCR conditions/wording with Lending Unit and/or Cathay legal counsel.
* Create LaserPro documentation based upon loan CCR conditions and in compliance with loan committee approval conditions and Bank's policies, procedures and Federal, State and other regulatory requirements.
* If applicable, create escrow closing instruction and pre-closing conditions and any other conditions required for Lender/Borrower information.
* Receive signed loan documents and perform closing and funding activities including wire request, account funding, remit funds to pay off other lender, Deed of Trust recording, order tax contracts, UCC filing, set up and maintain tickler and monitoring databases (such as CASH OnTrack, Stucky and Trade Innovation etc.)
* Responds to internal and external inquiries in a timely and satisfactory manner (i.e. Lending Units, Loan Servicing and legal counsel).
* Login Trailing documents (such as Deed of Trust and Title policy etc.)
* Support to meet Department goals and objectives. Perform testing of LaserPro new product and setting as required.
* Assists in training processors

Minimum qualifications/requirements:

Education: College degree in accounting or business or law preferred.

Experience: 5+ years of experience in loan administration in commercial lending. Thorough with commercial lending documents and loan closing process and knowledge of lending regulations.

Skills/Ability: PC Proficient. Strong verbal and written communication skills. Good knowledge of basic account. Organized and detail-oriented with high emphasis on accuracy. Background and proficient skills and reviewing in legal reading and writing a plus. Ability to work independently without much supervision.

It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate banking laws, regulations, internal policies and procedures, and to comply fully with those laws, regulations, policies and procedures. From time to time, employees may be assigned tasks or duties as deemed appropriate by their supervisors. The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed, as an exhaustive list of all responsibility, duties and skills required of personnel so classified.

This company profile was created by AfterCollege and is about Cathay General Bancorp. This page is not endorsed by or affiliated with Cathay General Bancorp. For questions regarding company profiles, please email: care@aftercollege.com.