Senior Commercial Loan Administrator
Company: Disability Solutions
Location: Phoenix
Posted on: October 5, 2024
Job Description:
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 skillsBenefits 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
Keywords: Disability Solutions, Sun City , Senior Commercial Loan Administrator, Accounting, Auditing , Phoenix, Arizona
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