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Loan Coordinator III - SBA (LA or OC) at Banc of California

Posted in Banking 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Los Angeles, California





Job Description:

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.

 

JOB
SUMMARY:


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
operates. 

ESSENTIAL
DUTIES AND RESPONSIBILITIES:


  1. Main point of contact throughout the
    loan application process with direct interaction with clients, the Business
    Unit, and Management, exercising discretion and prudent judgement.

  2. Maintains a professional and courteous
    attitude and demonstrates a true concern for internal and external clients.

  3. Effectively manage expectations of
    Relationship Managers in terms of timelines and completion of loan
    documentation checklist throughout the due-diligence process.

  4. 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.

  5. 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.

  6. Adhere to designated service level
    agreements.

  7. Order flood certification and complete
    requirements according to company Standard, which may include verification of
    flood insurance as required by federal regulation.

  8. 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.

  9. 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.

  10. Order UCC searches, Statement of
    Information, and/or Certificate of Good Standing for all entities in the
    borrower structure, as necessary and applicable.  

  11. 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.
    Loan Coordinator. 

  12. 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.

  13. Track Rate Lock expiration dates and request
    extensions, as applicable.

  14. Request payoff demands (existing
    lender) from Escrow.

  15. Ensure accuracy and thoroughness of
    data entry into appropriate loan operating system and Pipeline management
    system.

  16. Name all loan records using the
    approved naming convention.

  17. Process withdrawn/declined
    transactions and complete Pipeline. Processing includes preparation of
    balancing spreadsheet for refunds to the Borrower if required.

  18. Able to review commercial property space
    leases, calculate leasing commissions and tenant improvement allowances.

  19. Ensures compliance with the Bank
    Secrecy Act and Customer Information Program.

  20. Ensures full compliance with Bank
    policies and procedures and all State and Federal regulations and guidelines.

  21. Participate in all required Compliance
    training, either online or in house.

  22. Participate in the Business Continuity
    Plan (BCP), as required. 

  23. Treats people with respect; keeps
    commitments; inspires the trust of others; works ethically and with integrity;
    upholds organizational values; accepts responsibility for own actions.

  24. 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.

  25. Follows policies and procedures;
    completes tasks correctly and on time; supports the company’s goals and values.

  26. 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
    conduct.

  27. Performs other duties and projects as
    assigned.


 

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.

ESSENTIAL
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).

  • Significant
    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
    departments.

  • Ability to handle and resolve recurring problems
    independently.

  • Ability to make a conclusive recommendation based on
    independent analysis.

  • Knowledgeable
    in most department functions associated with origination, processing and
    closing.

  • Intermediate
    knowledge of title policies and endorsements.

  • Basic
    knowledge of commercial insurance terminology, forms, and bank requirements.

  • Intermediate
    skills in computer terminal and personal computer operation; Microsoft Office
    applications including but not limited to: Word, Excel, PowerPoint and Outlook.

  • Intermediate
    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
    graphs.

  • Effective organizational and time management skills.

  • Efficient
    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
    duties.

 

EDUCATION,
EXPERIENCE AND/OR LICENSES:


  • Bachelor’s
    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.

  • Significant
    SBA 504 and SBA 7a experience required.

  • Proficient
    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
    product

  • Experience
    with Fiserv loan accounting system preferred

  • Knowledge
    of real estate loan documentation





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