Banc of California, Inc.
(NYSE: BANC) is a bank holding company with approximately $9 billion in assets
and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”).
With our 700+ dedicated professionals, we provide customized and innovative banking
and lending solutions to businesses, entrepreneurs and individuals throughout
California. We proudly partner with community organizations that provide
financial literacy, job training, small business support, and affordable
housing to help improve the communities where we live and work. With a
commitment to service and building enduring relationships, we provide a higher
standard of banking.
Responsible for a loan transaction once the application is received
until the loan transaction is approved by Credit Administration. Displays working
knowledge of the SBA 7a, SBA 504, and Conventional loan programs, good
time-management abilities, attention to detail and excels at working in a
fast-paced environment. Additionally,
interacts collaboratively to achieve the goals of Loan Coordination Team. Provides assistance to the entire Business
Unit and performs additional duties as necessary to support the overall goals
and objectives of the Business Unit.
Performs all duties in accordance with the company’s policies and
procedures, all US state and federal laws and regulations, wherein the company
DUTIES AND RESPONSIBILITIES:
Main point of contact throughout the
loan application process with direct interaction with clients, the Business
Unit, and Management, exercising discretion and prudent judgement.
Maintains a professional and courteous
attitude and demonstrates a true concern for internal and external clients.
Effectively manage expectations of
Relationship Managers in terms of timelines and completion of loan
documentation checklist throughout the due-diligence process.
Review the client’s loan application
package, prepare an additional information letter, if required, and convey any
issues discovered to the appropriate client or internal contact.
Conduct a thorough review of the loan
file to ensure it includes all relevant documentation required for the given
transaction verifying the accuracy, completeness, and adherence to general and
transaction specific requirements prior to forwarding the loan file to Underwriting
for review and final approval.
Adhere to designated service level
Order flood certification and complete
requirements according to company Standard, which may include verification of
flood insurance as required by federal regulation.
Review and validate entity structure and
organizational documents to verify management/control and determine what level
of packaging is necessary, in accordance with Bank policy.
Order and review credit reports and
OFAC to determine if Bank requirements are met and check for other derogatory
items that may require additional documentation, alerting Credit and obtaining
approval to proceed, as necessary.
Order UCC searches, Statement of
Information, and/or Certificate of Good Standing for all entities in the
borrower structure, as necessary and applicable.
Review preliminary title reports,
exceptions, and plotted easements and survey if applicable to identify any
potential issues, determine resolutions with the Title Officer and review with Sr.
Pre-review of existing insurance
certificates to check compliance with Bank policies and review appraisals to confirm
insurable/replacement value for certificate purposes; review possible waivers
with Sr. Loan Coordinator.
Track Rate Lock expiration dates and request
extensions, as applicable.
Request payoff demands (existing
lender) from Escrow.
Ensure accuracy and thoroughness of
data entry into appropriate loan operating system and Pipeline management
Name all loan records using the
approved naming convention.
transactions and complete Pipeline. Processing includes preparation of
balancing spreadsheet for refunds to the Borrower if required.
Able to review commercial property space
leases, calculate leasing commissions and tenant improvement allowances.
Ensures compliance with the Bank
Secrecy Act and Customer Information Program.
Ensures full compliance with Bank
policies and procedures and all State and Federal regulations and guidelines.
Participate in all required Compliance
training, either online or in house.
Participate in the Business Continuity
Plan (BCP), as required.
Treats people with respect; keeps
commitments; inspires the trust of others; works ethically and with integrity;
upholds organizational values; accepts responsibility for own actions.
Demonstrates knowledge of and
adherence to EEO policy; shows respect and sensitivity for cultural
differences; educates others on the value of diversity; promotes working
environment free of harassment of any type; builds a diverse workforce and
supports affirmative action.
Follows policies and procedures;
completes tasks correctly and on time; supports the company’s goals and values.
Performs the position safely, without endangering
the health or safety of themselves or others and will be expected to report
potentially unsafe conditions. The employee shall comply with occupational
safety and health standards and all rules, regulations and orders issued
pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and
Performs other duties and projects as
Banc of California is an equal opportunity
employer committed to creating a diverse workforce. All qualified applicants
will receive consideration for employment without regard to age (40 and over),
ancestry, color, religious creed (including religious dress and grooming
practices), denial of Family and Medical Care Leave, disability (mental and
physical) including HIV and AIDS, marital status, medical condition (cancer and
genetic characteristics), genetic information, military and veteran status,
national origin (including language use restrictions), race, sex (which
includes pregnancy, childbirth, breastfeeding and medical conditions related to
pregnancy, childbirth or breastfeeding), gender, gender identity, gender
expression, and sexual orientation.
KNOWLEDGE, SKILLS, AND ABILITIES:
Demonstrates knowledge of,
adherence to, monitoring and responsibility for compliance with state and
federal regulations and laws as they pertain to this position including but not
limited to the following: Regulation Z (Truth in Lending Act), Regulation B
(Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage
Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair
Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA
PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program
(CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community
Reinvestment Act (CRA).
SBA 504 and SBA 7a knowledge
Ability to exercise discretion and independent judgement
that has minimal impact on the immediate work unit and cross functional
Ability to handle and resolve recurring problems
Ability to make a conclusive recommendation based on
in most department functions associated with origination, processing and
knowledge of title policies and endorsements.
knowledge of commercial insurance terminology, forms, and bank requirements.
skills in computer terminal and personal computer operation; Microsoft Office
applications including but not limited to: Word, Excel, PowerPoint and Outlook.
math skills; calculate interest and percentages; balance accounts; add,
subtract, multiply and divide in all units of measure, using whole numbers,
common fractions and decimals; locate routine mathematical errors; compute
rate, ratio and percent, including the drafting and interpretation of bar
Effective organizational and time management skills.
oral, written and interpersonal communication skills.
Ability to organize and prioritize work schedules on a short-term
and long-term basis.
Ability to provide consultation and expert advice to management.
Ability to deal with complex problems involving multiple
facets and variables in non-standardized situations.
Ability to work with little supervision while performing
EXPERIENCE AND/OR LICENSES:
degree preferred or at least five (5) years of commercial loan documentation
experience including: loan documentation preparation, loan documentation
maintenance and control, Loan collateral maintenance and control, Credit and
public record information searches.
SBA 504 and SBA 7a experience required.
understanding of all documents required for all borrowing entities and ability
to assess if the legal documents drawn
cover all necessary terms and conditions appropriate for the approved credit
with Fiserv loan accounting system preferred