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Job Title:
Senior Commercial Loan AdministratorLocation:
CityScapeWhat you'll do:
The Loan Administrator collaborates closely with Borrowers, Loan Officers, Relationship and Portfolio Managers, Credit Analysts and Underwriters, Internal and External Legal counsel, and internal Loan Operations team members, as well as Title and Escrow agents, to ensure the timely closing of loans within the Commercia and Industrial Portfolio.The Loan Administrator will proactively process a pipeline of diverse, demanding, and complex Commercial and Industrial and Commercial Real Estate loans. The position is responsible for managing loan closing activities for new loans, modifications, renewals, and extensions.
What we are looking for:
Process UCC Search request and review for lien position.
Order flood certifications for Real Estate secured transaction.
Assist in ordering appraisal report and Phase I review/report if necessary.
Order Credit Reports if necessary.
Process Credit Cards for approved transactions.
Review and understand loan terms and conditions of loan approvals.
Analyze transaction types and determine necessary due diligence items and legal documents required to ensure accurate closings and compliance with bank and regulatory requirements and procedures.
Initiate customer contact and coordinate receipt and review of outstanding due diligence items.
Direct internal Loan Support Group or outside counsel to prepare necessary loan documents.
Identify any obstacles to closing and present viable alternatives and solutions.
Facilitate loan closing and reconcile all fees and expenses at closing.
Actively works on obtaining post-closing conditions to avoid delinquencies.
Independently and effectively manage their individual pipeline of loans assigned to them to ensure timely and accurate closings.
Collaborate with Team Lead to assist where necessary.
Work with necessary Loan Servicing teams to assist with customer inquiries.
Qualifications
High school diploma and two + years of related experience in Commercial Loan Closing.
Knowledge of lending regulations, including but not limited to Flood, KYC and AML risks, closing procedures, Title policies/endorsements, and insurance coverage types.
3+ years of experience in commercial lending administration
Ability to work independently and confidently close all loans assigned with some oversight.
Preferred not required - working knowledge of iLien / Lien Solutions, FCM, FIS- IBS/ACBS core system. Basic knowledge of loan documentation, complex business ownership hierarchies and entity types and collateral perfection.
Strong analytical skills
Ability to effectively handle stressful situations and perform several tasks simultaneously with accuracy.
Strong aptitude for detail, time management and organizational skills.
Excellent communication and relationship building skills.
Proficient computer skills
Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
Western Alliance Bancorporation
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email recruiter@westernalliancebank.com or call (602) 797-3662.