Senior Commercial Loan Documentation Specialist

Location US-CA-El Monte
Job ID
2024-10944
Category
Banking Operations/Back Office
Position Type
Full-Time

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

 

Overview

The Senior Commercial Loan Documentation Specialist is responsible for the preparation of all loan documentation for all commercial lending teams.  The preparation of loan documents include but are not limited to; Real Estate, C & I, Specialty Lending such as; ABL, Private Equity, Telecom, Wealth Management, etc.  This position is also responsible to ensure the documented term are in compliance with the loan servicing system.    The Loan Documentation Specialist Senior will further work with lending staff, credit administration, credit supervision, attorneys, and compliance, to ensure compliance with all applicable policies and procedures in support of Loan Documentation and Closing. 

Responsibilities

  • Review CCR and all appendices to determine appropriate credit approval and completed presentation to prepare the loan documents
  • Review Appendices to the CCR to ensure appropriate information is provided to prepare the Business Loan Agreement with all related facilities, covenants and reporting requirements
  • Prepare all required loan documents related to products such as; Trade Finance, C & I, CRE, ABL, Wealth Management, etc. in accordance to the approved CCR.  Documents include but are not limited to; authorization documents, Loan Agreement, Promissory Note, Collateral Documents, etc.
  • Propose draft legal language on non-standard provisions
  • Perfect collateral related to UCC filings and Intellectual Properties
  • Review existing loan documents to ensure proper language on renewal and modification or determine proper re documentation of the credit
  • Review existing loan information to ensure proper preparation of loan documents on renewals and modifications
  • Review payoff letters and applicable fees in preparation of disbursement authorization
  • Recognize and discuss loan transactions with lending staff, inhouse attorney, and credit supervisor to resolve any outstanding issues prior to loan documentation and closing.
  • Prepare loan documents on LaserPro in accordance with Bank Policy and according to the terms of the approved credit.
  • May prepare Lender’s Instructions and work closely with Title Companies
  • Perform Quality Control 2nd review for documents prepared by Documentation Specialist
  • Provide training to Documentation Specialist
  • Back up Loan Administrator on Due Diligence and documentation preparation for MFR and SBA products
  • Support other projects as assigned by the Manager
  • Respond to all internal and external customer inquiries
  • Perform other duties as assigned

Qualifications

  • Bachelor Degree in Finance or Accounting preferred or equivalent experience
  • 5 years of experience as a loan administrator or a Commercial Loan Documentation Specialist including specialized products
  • Excellent knowledge of all aspects of loan documentation and closing, including commercial and commercial real estate, loan provisions/terms, various collateral sources and compliance
  • Commercial Loan accounting experience required with FIS preferred
  • Commercial Loan Documentation system experience required, proficient in LaserPro
  • Broad knowledgeable with real estate title work required
  • Ability to provide excellent customer service
  • Ability to multi-task, adapt quickly to changes and work effectively in a fast-paced environment
  • Must be a self-starter and possess positive attitude with good organizational skills
  • Thorough knowledge of Microsoft software, inclusive of Word and Excel
  • Document Imaging system experience required
  • Excellent written and verbal communication skills required
  • Good organizational, analytical and problem solving skills

Compensation

The base pay range for this position is USD $32.00/Hr. - USD $44.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

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