Orange County Trust Company
General Summary
:
The Loan Administrator provides sales support driving the closing process and workflow for commercial transactions including new loans, modifications, renewals, extensions, capex advances and construction loans. The Loan Administrator is required to be able to work efficiently in a high volume, fast paces deadline driven environment.
This role is responsible for the closing of commercial loans, to satisfy due diligence requirements and ensure compliance with company policies, procedures, credit approval and government regulations. The Loan Administrator ensures data integrity along with closing responsibilities with a high-volume pipeline of all commercial loan types relative to the line of business supported including but not limited to CRE, C&I, Construction, Bought/Sold Participations, SWAPs and other complex specialized transactions. This position serves as the first line of defense and internal control point of high risk area that directly impacts the Bank's ability to maintain regulatory requirements and standards that comply with credit policy.
Essential Duties and Job Responsibilities: Provide backup and assistance to the Loan Administration Manager relating to the daily oversight of the department. Contribute to team projects to optimize efficiency, streamline processes and assist with updating procedures and cross-training. Approves funding and other loan administration batches to serve as a dual control in ensuring accurate transaction processing. Assists Supervisor in the facilitation of loan audit responses. Responsible for moving the loan process from approval to funding in accordance with bank polices procedure and regulatory requirements. Work with lender to understand transactions and make sure that all relevant documentation is obtained to facilitate a timely closing. Act as liaison between lender, bank counsel and title companies. Analyze internal bank loan approval to determine required due diligence and documentation for each loan transaction ensuring documentation accurately reflects the intentions of the credit approval. Order all searches including flood and reviewing to ensure compliance with bank policy procedures and regularity requirements, including collateral valuations and reviewing of same to clear issues. Review and ensure all required insurance including flood in sufficient and in compliance with regulations. Assembles and verifies loan documents for accuracy. Reviewing of documentation to ensure that all standard provisions are included and resolve issues that might impede closing using judgement to involve manager and internal counsel when required Coordinate pre-closing requirements with internal and external clients, prepare internal pre-closing checklists. Confirm all conditions of approval have been met and scheduled closings. Preparing fees, set rate and provide payment info to attorney, reviewing settlement statements and preparing funding wires. Complete post-closing steps to ensure that all necessary documentation is received. Follow up and clearing loan document exceptions, approved post-closing documentation and receipt of filed and recorded documents. Assemble Credit Files in accordance with the Banks established digital imaging procedures. Provide back up to Loan Operations functions and other special projects as assigned.
EDUCATION, CERTIFICATION, EXPERIENCE: Minimum 3 years-experience in loan administration, loan servicing or other Banking. Intermediate knowledge of loan administration activities and terminology Familiarity with all phases of loan processing. Loan documentation experience and basic credit skills required. Strong communications skills, with the ability to communicate effectively verbally and in writing. Excellent organizational, time management, and analytical skills. Strong attention to detail. Knowledge of commercial real estate, construction, business and loan documentation. Knowledge of State, Federal, and general banking compliance requirements and regulations. Knowledge of Fiserv Premier, Laser Pro, or Abrigo loan systems. Excellent Microsoft Excel & Word skills. KNOWLEDGE, SKILLS, ABILITIES:
Reviewing entities documents, such as operation agreements for LLC, by laws for corporations, articles of organization, limited partnership, and structuring signature blocks in documents Preparing, reviewing, drafting, and auditing commercial loan documents Knowledge in reviewing loan documentation and closing due diligence packages to ensure deals maintain integrity and accuracy while meeting timing expectations and established SLAs. Ability to generate all required loan documentation within the expected service level. This includes working with third parties such as title companies, legal counsel, etc. Knowledge of banking industry regulations as well as internal processes and controls, procedures and workflow specifically in loan and commercial closings. Ability to operate effectively in a team environment as well as be able to work independently. Ability to meet deadlines and work in a fast paced environment and demonstrate a proven track record of multi-tasking with a strong sense of urgency. Must be detail oriented and organized with excellent follow up, written and verbal skills. Demonstrate ability to apply required regulatory and policy requirements when making decisions WORK ENVIRONMENT:
Office Environment PHYSICAL DEMANDS
:
Must be able to lift a minimum of 25lbs
Special Note:
External and internal applicants, as well as position incumbents, must be able to perform the essential job functions as set forth above. Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, disability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances.
Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to perform the essential functions of the job.
This job description in no way states or implies that these are the only duties to be performed by an employee. Additional functions and requirements may be assigned by supervisors as deemed appropriate, based on the employee's knowledge, skill and ability as well as his/her mental and physical abilities
:
The Loan Administrator provides sales support driving the closing process and workflow for commercial transactions including new loans, modifications, renewals, extensions, capex advances and construction loans. The Loan Administrator is required to be able to work efficiently in a high volume, fast paces deadline driven environment.
This role is responsible for the closing of commercial loans, to satisfy due diligence requirements and ensure compliance with company policies, procedures, credit approval and government regulations. The Loan Administrator ensures data integrity along with closing responsibilities with a high-volume pipeline of all commercial loan types relative to the line of business supported including but not limited to CRE, C&I, Construction, Bought/Sold Participations, SWAPs and other complex specialized transactions. This position serves as the first line of defense and internal control point of high risk area that directly impacts the Bank's ability to maintain regulatory requirements and standards that comply with credit policy.
Essential Duties and Job Responsibilities: Provide backup and assistance to the Loan Administration Manager relating to the daily oversight of the department. Contribute to team projects to optimize efficiency, streamline processes and assist with updating procedures and cross-training. Approves funding and other loan administration batches to serve as a dual control in ensuring accurate transaction processing. Assists Supervisor in the facilitation of loan audit responses. Responsible for moving the loan process from approval to funding in accordance with bank polices procedure and regulatory requirements. Work with lender to understand transactions and make sure that all relevant documentation is obtained to facilitate a timely closing. Act as liaison between lender, bank counsel and title companies. Analyze internal bank loan approval to determine required due diligence and documentation for each loan transaction ensuring documentation accurately reflects the intentions of the credit approval. Order all searches including flood and reviewing to ensure compliance with bank policy procedures and regularity requirements, including collateral valuations and reviewing of same to clear issues. Review and ensure all required insurance including flood in sufficient and in compliance with regulations. Assembles and verifies loan documents for accuracy. Reviewing of documentation to ensure that all standard provisions are included and resolve issues that might impede closing using judgement to involve manager and internal counsel when required Coordinate pre-closing requirements with internal and external clients, prepare internal pre-closing checklists. Confirm all conditions of approval have been met and scheduled closings. Preparing fees, set rate and provide payment info to attorney, reviewing settlement statements and preparing funding wires. Complete post-closing steps to ensure that all necessary documentation is received. Follow up and clearing loan document exceptions, approved post-closing documentation and receipt of filed and recorded documents. Assemble Credit Files in accordance with the Banks established digital imaging procedures. Provide back up to Loan Operations functions and other special projects as assigned.
EDUCATION, CERTIFICATION, EXPERIENCE: Minimum 3 years-experience in loan administration, loan servicing or other Banking. Intermediate knowledge of loan administration activities and terminology Familiarity with all phases of loan processing. Loan documentation experience and basic credit skills required. Strong communications skills, with the ability to communicate effectively verbally and in writing. Excellent organizational, time management, and analytical skills. Strong attention to detail. Knowledge of commercial real estate, construction, business and loan documentation. Knowledge of State, Federal, and general banking compliance requirements and regulations. Knowledge of Fiserv Premier, Laser Pro, or Abrigo loan systems. Excellent Microsoft Excel & Word skills. KNOWLEDGE, SKILLS, ABILITIES:
Reviewing entities documents, such as operation agreements for LLC, by laws for corporations, articles of organization, limited partnership, and structuring signature blocks in documents Preparing, reviewing, drafting, and auditing commercial loan documents Knowledge in reviewing loan documentation and closing due diligence packages to ensure deals maintain integrity and accuracy while meeting timing expectations and established SLAs. Ability to generate all required loan documentation within the expected service level. This includes working with third parties such as title companies, legal counsel, etc. Knowledge of banking industry regulations as well as internal processes and controls, procedures and workflow specifically in loan and commercial closings. Ability to operate effectively in a team environment as well as be able to work independently. Ability to meet deadlines and work in a fast paced environment and demonstrate a proven track record of multi-tasking with a strong sense of urgency. Must be detail oriented and organized with excellent follow up, written and verbal skills. Demonstrate ability to apply required regulatory and policy requirements when making decisions WORK ENVIRONMENT:
Office Environment PHYSICAL DEMANDS
:
Must be able to lift a minimum of 25lbs
Special Note:
External and internal applicants, as well as position incumbents, must be able to perform the essential job functions as set forth above. Orange Bank and Trust Company is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of age, sex, sexual orientation, race, color, creed, religion, ethnicity, national origin, alienage or citizenship, disability, marital status, military or veteran status or any other legally-recognized protected basis under federal, state or local laws, regulations or ordinances.
Upon request, individuals with disabilities may be entitled to a reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the bank. Please inform the Human Resources Department if you need assistance completing any forms or to otherwise participate in the application process or, at the appropriate time, to perform the essential functions of the job.
This job description in no way states or implies that these are the only duties to be performed by an employee. Additional functions and requirements may be assigned by supervisors as deemed appropriate, based on the employee's knowledge, skill and ability as well as his/her mental and physical abilities