Loan Document Administrator Senior

LOAN DOCUMENT ADMINISTRATOR SENIOR WHAT IS THE OPPORTUNITY? Responsible for the preparation of loan documents for commercial real estate and/or commercial construction loans, including new real estate construction

Obtain and review all necessary loan information to prepare adequate loan documents and takes appropriate action on any issues

Acts as liaison with internal and external sources coordinating loan analysis meetings, working with title and escrow companies as well as internal and external legal sources

Coordinates loan closing, ensuring that all loan documents are properly executed

What you will do Obtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, appraisals, borrowing authority documentation, contracts, CC&Rs, leases, permanent commitments, title information, request for demand, project budget and loan cost breakdown, release price schedule, and any additional information as needed to perfect the bank’s position and reflect the terms of the credit approval

Take appropriate action on any issues that arise to meet the requested document due date

Coordinate loan analysis meetings in accordance with established procedures, scheduling all required parties within 24 hours of receipt of an approved RELAR/PCMF and credit memo or within a reasonable amount of time upon receipt of a draft RELAR/PCMF and credit memo

Prepare real estate loan documents (i.e., loan agreements, financing statements, notes, trust deeds, disclosure statements, etc.) based on knowledge of loan type and of bank and department policies and procedures

Participate in loan document negotiation with the borrower and relationship manager

Ensure compliance with all federal and state laws and regulations

Work with the Legal Department or outside counsel when appropriate to coordinate the preparation of real estate documents or to obtain specific legal language as needed

Determine whether standard documents can be used, or if assistance from the Legal Department is required in the document preparation

Analyzes the organizational documents (i.e., partnership agreements, trust agreements, etc.)

Communicate with title officers to ensure that all title issues are satisfied and the loan is properly recorded and funded within established time frames

Facilitate loan closing, ensuring that all loan documents are properly executed; comprehensive recording instructions to title company are prepared and delivery is verified; loan is recorded, booked and funded accurately and expeditiously

Establish reserve accounts and verify information is reflected in the loan documents and on the cost breakdown

Review existing loan file for uncleared audit exceptions and prior to Loan Analysis Meeting

Acts as liaison to other departments within the Bank to resolve questions pertaining to documentation; may contact customers or their professional representatives for responses to documentation or collateral questions as directed by supervisor or requested by Relationship Managers

Reviews all completed documents to ensure that documents were signed by the borrower(s) and approved by the loan officers as appropriate; ensures completed loan documents are distributed within time completion guidelines

Maintains current knowledge of real estate loan documentation through continued enrollment in Bank and other-provider courses related, but not limited to, computer-based lending, and the Community Reinvestment Act; remains abreast of additions and changes to federal and state legislation related to both commercial and real estate lending; keeps abreast of the climate of real estate and general business markets

Updates and maintains Department Documentation Manuals

Maintains a proactive commitment to established Bank programs, such as CustomerFirst, Community Reinvestment Act (CRA) and Equal Employment Opportunity

Must-Have* 5 years of experience in real estate documentation 5 years of experience in a commercial bank or other financial institution 4 years of basic computer experience required (e.g

Microsoft Word, Excel , Outlook, and Powerpoint) Skills and Knowledge Compensation Starting base salary: $31.39 - $50.14 per hour

Exact compensation may vary based on skills, experience, and location

This job is eligible for bonus and/or commissions

*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification

It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job

Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues

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INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal

Since day one we've always gone further than the competition to help our clients, colleagues and community flourish

City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today

City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.