- Responsible for funding and boarding new loans on the ACBS loan system.
- Process loan extension and modifications.
- Process Syndication/Participation daily loan transactions, including but not limited to Payments, Disbursements.
- Calculates Prepayment Penalty on request
- Perform post origination quality control loan audits to ensure that proper legal documents have been received. This requires follow-up and review of all trailing legal documents for new loan originations.
- Order Tax Service Contracts.
- Responsible for the daily GL balancing.
- Conduct research necessary to address loan problems (data entry errors, payment exceptions/misapplications, etc.), resolve, and communicate outcome to appropriate parties.
- Respond to inquiries received, and initiate contact with others by phone and mail regarding the Bank's serviced loans.
- Prepare responses to requests for payoff demands received from borrower, escrow companies, and title companies.
- Prepare reconveyances and other collateral releases for paid loans.
- Imaging loan documents.
- Responsible for adhering to and complying with all Bank policies and Federal and State banking laws and regulations.
- Provide supervision and guidance to other employees within the group.
- Comfortable communicating with parent company, internal and external auditors.
- Recognize potential risks and propose solutions for mitigation.
- Other duties may be assigned.
- Minimum five years' experience in Loan Servicing with concentration on Loan Funding & Boarding, preferably with knowledge of C&I loans, Commercial Real Estate, SBA & Syndication Loans.
- Working knowledge of loan documentation, loans systems, operations and accounting
- Superb organizational skills and detail oriented
- Highly proficient PC skills including MS Excel and Word
- Must be able to plan and monitor activities according to priorities and multi-task.
- Ability to work independently within the scope of responsibilities for the position and completes assignments in a timely manner.
Commercial Loan Servicing Specialist III - Brea, United States - Sumitomo Mitsui Banking Corp
Description
ABOUT THE ORGANIZATION
SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.
The anticipated salary range for this role is between $42,000.00and $70, The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.
Specialties:
Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services
JOB SUMMARY:
This position is responsible for all new loan boarding and loan modification. Responsible for the post origination quality control of loan reviews for proper documentation, escrow account disbursements, flood and hazard insurance monitoring, payment processing and other various types of adjustable loan processing as well as understanding applicable compliance issues with knowledge of SBA, Commercial RE, Business Loans and Participation/Syndication Loans.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
POSITION SPECIFICATIONS:
EOE STATEMENT
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at Persons with disabilities may contact our Customer Contact Center toll-free at to request the information in this Notice in an alternative format.