Loan Processor and Quality Assurance II

Company:  City National Bank
Location: Los Angeles
Closing Date: 26/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

LOAN PROCESSOR AND QUALITY ASSURANCE IIWHAT IS THE OPPORTUNITY?Provide Loan Documentation and Compliance support in facilitating loan processing preparation, and loan boarding. Ensures that all loan processing packages are in compliance with company policies and procedures and state/federal regulatory guidelines. Serves as a liaison with sales team, underwriting team, and documentation team to ensure all loans are properly packaged for Documentation.What you will doLoan AdministrationObtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, appraisals, borrowing authority documentation, contracts, CC&Rs, leases, title information, request for demand 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.Communicate with title officers to ensure that all title issues are satisfied and the loan is properly recorded and funded within established time frames.Monitor loan funding date and arrival of information for a complete package. Maintain loan checklist database with accurate and current tracking. Produce activity report upon request.Act as a Liaison to other departments within the Bank to resolve questions pertaining to the processing package; may contact customers or their professional representatives for responses to document the loan as directed by supervisor.Initiate and prepare Loan Documentation Checklist and verification of approval authority for submission to the CLC. Ensure all CCAR related fields are completed accurately.Prepare loan funding package with appropriate GL offsets and index loan documents for scanning.Maintain 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.Maintain a proactive commitment to established Bank programs, such as Customer First, Community Reinvestment Act (CRA) and Equal Employment Opportunity.Duties may include file room maintenance (e.g., archiving, filing, updating, File Tracker, etc.).Post Closing- Quality AssuranceManage credit file and documentation file preparation for post loan closing compliance review. Insure files contain applicable checklists and required components. Work closely with credit team to complete files while reporting to management issues and delays in deficiency correction.Record and manage MIS relative to receipt and to measure efficient movement of completed files to the compliance team. Input applicable commentary into the workflow system to provide an audit trail. Be able to report to management status of receipts and state of completion as required.Work closely with the compliance team, manage post-closing checklist updates to ensure continuedadherence to current policies and workflows. Communicate changes to credit support staff and ensurethat usage is consistent across all support teams. Report to management as required where either usageor forms are not meeting compliance criteria as defined.Participate in team meetings to ensure that issues are communicated ensure ongoing compliance and to receive feedback from the units as to any suggested corrections and modifications. Communicate to loan admin and to compliance management feedback received for possible adjustment or correctionCompetenciesBuilds strong partnerships to achieve swift adoption of project objectivesAligns enterprise capabilitiesBuilds client-driven environmentDisplays personal courageResolves conflicts and effectively manages competing prioritiesContinuously learns and adaptsMust-Have*H.S. DiplomaMinimum 2 years of loan processing experience in a financial institution required.Minimum 2 years of basic computer experience(e.g. Microsoft Word, Excel, Outlook) requiredSkills and KnowledgeStrong interpersonal/teamwork skills and effective working with all levels in the organizationStrong written and oral communication skills; must be able to convey complex concepts in a clear and concise mannerStrong tactical execution and organizational/planning skillsFunctional knowledge of Microsoft Access and SharePointEfficient, yet with a keen eye for detail and accuracyResourceful, creative and willing to learnPosition requires individual that is independent, has high energy/enthusiasm and the ability to analyze/solve problems and identify opportunitiesMust be able to tactfully and diplomatically resolve conflicts among stakeholders and participants in all assigned projectsCompensationStarting base salary: $25.93 - $41.43 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 qualificationsThe 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 PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks .INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity 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 NATIONALWe 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.

Apply Now
An error has occurred. This application may no longer respond until reloaded. Reload 🗙