Loan Administrator

External

Mechanicsbank · Corona, CA

Full-timeOn-site4d ago

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Responsibilities

Assists with setting up new loan files and orders third party reports including appraisal, environmental, and title reports.
Assists and works closely with Loan Administrator's and Loan Origination team to analyze borrower, guarantor and collateral information to verify legal entities, collateral ownership and proper loan structure to protect the Bank's interest.
Assists with document review of accuracy, completeness and maintains loan files; assembles materials for audits, assists in related department projects.
Assembles materials for closing, coordinates all aspects of the closing, and ensures adherence to covenants and conditions of the loan documents. Coordinates loan administration processes with relationship managers/lenders and the Loan Operations (Loan Boarding).

Requirements

Required High School or GED Additional experience may be considered in lieu of degree.

Preferred 3 loan operations/banking experience

May be required to secure notary license.

Knowledge of loan closing processes, rules, and requirements.

Knowledge of real estate loan requirements and practices.

Knowledge of credit analysis theory and practices.

Knowledge of property title requirements and complex relationships such as LLC's, partnerships and the various entity structures.

Must be a motivated self-starter who can independently prioritize and manage multiple tasks in a fast-paced environment.

Ability to communicate verbally and in writing with Bank professionals, outside counsel and other professionals, lenders, and Bank servicing units.

Excellent analytical skills and attention to detail.

ADA Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.

The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 10 pounds.

Specific vision abilities required by this job include close vision.

The noise level in the work environment is usually moderate.

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Pay: $25.00 - $35.00 hourly

AIP/Bonus up to 5%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.

Benefits package includes[1]:

Medical, prescription, dental, and vision coverage for employees and their eligible family members

Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits

Health Savings Account with employer contribution

Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit

401(k) and Roth 401(k) with company contribution

529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program

Supplemental Health plans, Voluntary Legal and Identity Theft Services

11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16

Loan Administrator

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