Performs a variety of duties pertaining to serving commercial, real estate and consumer loans including: documentation preparation, financial ticklers, insurance follow-up, payment processing, preparation of demands, and disbursement of loan proceeds and acquiring of insurance as needed
Essential Duties and Responsibilities include the following. Other duties may be assigned.
•Comply with regulatory requirements including Bank Secrecy Act- Anti Money Laundering, OFAC, US Patriot Act, Privacy Act and Community Reinvestment Act.
•Attend trainings and meeting as assigned.
•Comply with the Bank’s established loan policies and procedures.
•Conduct at least one CRA call each yearly and participate in community affairs to identify the needs and to enhance bank’s CRA activities.
•Close loans in accordance with the Department’s procedures.
•Prepare the Weekly/Monthly/Quarterly/Annual loan reports for the Department
•Order of the credit reports (Experian) and preliminary title reports as requested by loan officer
•Prepare and review all loan documents necessary to close and disburse loans.
•Verify authorized signer & obtain signature of borrower(s)/guarantor(s) (Credit File & Documents)
• Credit file Maintenance of New, Payoff, Withdrawn & Declined files
•Answers correspondence regarding routine loan inquiries.
•Filing & Monitor timeliness and adequacy of title policies, insurance declarations, UCC & Mortgage recording, escrow closing stmt, etc. Report any discrepancies and exceptions to manager.
•Administration of loan disbursement for line of credit and construction loan including, but not limited to review of loan covenant, title update and request of site inspection by 3rd party assessors.
•Comply with the Bank’s security program, including but not limited to:
oReview and comply with the End-User Computing Agreement
oAcquire good knowledge on functions and usage of computer systems as related to the assigned job functions.
oBe current and knowledgeable in industry’s trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats.
•Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer.
•Process data changes as necessary (tickler system, loan control procedure & term and conditions, etc)
•Prepare & review various relating loan reports (ITI loan accounting system) as requested.
•Administration of past due and request issuing a demand notice to the bank’s attorney.
•Perform all other duties as may be required or specifically assigned.
•Review the department’s expense invoice and Order the department’s supply
Education, Experience, and Qualifications:
•Bachelor’s degree (BA) or equivalent from a 4 year college or university; related experience and/or training; or the equivalent combination of education and experience.
•Good oral communication skills; ability to define problems, collect data, establish facts, and draw conclusions.
BBCN Bank - 18 months ago
At BBCN Bank we offer a variety of quality banking services, including internet and telephone banking services. This Internet Banking...