Loan Administrator

  • location: San Francisco, CA
  • type: Contract
  • salary: $24 - $27.17 per hour
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job description

Loan Administrator- San Francisco, CA

  • This is a contract role expected to last 6 months.

Loan Administrator- Job Duties:

  • Reviews all supporting documentation to determine entity?s ability to enter into loan agreement and pledge collateral, required authorized signers, appraisal and environmental results.
  • Addresses all items that must be addressed to ensure the collateral lien will be perfected.
  • Reviews executed loan packages to verify all required documents have been received, have been correctly executed and there are no alterations.
  • Compares loan package to loan approval to ensure the terms and conditions agree with the credit approval information.
  • Works with Account Officer and/or Loan Service Center to resolve issues.
  • Ensures lien perfection by working with title companies and other Banks to obtain releases.
  • Verifies final title policies and UCC reports are correct and prove that the Bank has obtained its desired lien position.
  • Reviews and interprets credit approval information to determine required supporting documentation including appraisals, environmental reports, organizational documentation, certificates of good standing, UCC reports, and preliminary title reports.
  • Ensures all pre and post-closing conditions are met.
  • Determines loan documentation required to bind and protect the bank in various business loan transactions.
  • Orders loan documentation from loan service center in accordance with bank policy and procedures, compliance and regulatory requirements.

Job Requirements:

  • Basic knowledge in lending and the real estate industry.
  • Excellent written and verbal communication.
  • Strong attention to detail.
  • Ability to handle multiple tasks with frequent interruptions.
  • Knowledge of basic accounting processes and procedures.
  • Basic computer skills including Microsoft Office.
  • Bachelor?s degree in business or related field.
  • 2-4 years experience required.

Compensation: $27.17/hr

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