Commercial Loan Coordinator - Senior

About the role

The Senior Loan Coordinator will work with Commercial Loan Processing, Relationship Officers, Relationship Managers, Directors and Division Managers to obtain necessary documents from clients to prepare a complete and accurate set of loan documents. The level of experience varies based on prior work experience, both inside and outside of the Company.

Responsibilities

• Work with Commercial Banking Officers in the ongoing management of WaFd Bank's portfolio of commercial loans as it relates to loan origination and funding, construction draw administration, compliance monitoring, regulatory adherence, collateral perfection, recordation and valuation, as well as general loan administration.
• Builds and maintains productive relationships with existing clients.
• Prepares correspondence to prospective clients.
• Initiates credit and title reports, and appraisal orders for review by the Department.
• Processes and closes loans according to the Bank's policies and procedures and regulatory guidelines.
• Participates in business development and referral activities.
• Captures and coordinates all required loan documents necessary to perfect our security interest, as required by Credit Administration.
• Delivers excellent customer service to the internal customers in the execution of all assigned business processing duties and within service level standards.
• Opens escrow with title/escrow companies and sets up escrow files; orders payoffs.
• Coordinates and facilitates initial loan booking/funding; reviews and approves loans and documents and resolves any title or other issues prior to loan closings.
• Coordinates with in-house experts or outside legal counsel on technical transactions.
• Sets up the loan file, including preparation of loan documentation.
• Coordinates closing with the escrow company.
• Prepares boarding instructions.
• Follows up on funding requirements and on any post-closing required loan documentation.
• Fulfills the Bank's Information Security policies, ensuring that all customer information and confidential bank information is processed and handled in a secure manner and environment.
• Completes special projects, as assigned by Manager.
• Provides administrative and operational support to lending personnel, including clerical duties, related to loan closing and funding, weekly construction draw administration with subsequent loan advances and borrowing base tracking.
• Manages local online file storage and document management (i.e., OnBase).
• Maintains corresponding insurance files for all borrowers and loans (including, but not limited to, Builder's Risk and General Liability policies).
• Affords assistance with field audits as it relates to collateral monitoring, as requested.
• Reviews and balances HUD-1 closing statements for verification of accuracy; approves funding disbursements and initiates initial funding wires, etc.
• Reconciles, verifies and implements monthly unit interest billings for applicable Guidance Lines of Credit.
• Prepares annual property tax payment audit.
• Reviews, balances and maintains record-keeping for all legal and professional billings, including timely submission for payment, and obtaining appropriate approval documentation for all expenditures.
• Facilitates recommendations to divisional management for policy inconsistencies and recommends revision implementation.
• Communicates status of loan portfolio to management, including level of exception reporting, past due collections and loan maturity management.
• Oversees daily teller drawer; loan disbursement balancing and management.
• Adhere to bank policies and procedures designed to comply with federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations.

Qualifications

• Bachelor's Degree, or High School equivalent plus relevant experience.
• A strong understanding of business lending terminology is required.
• Ability to comprehend business loan supporting data and related data, including appraisals, environmental reports, title reports, borrower structures, leases.
• Ability to organize and prioritize work assignments in a consistent manner to ensure timely and efficient production.
• Ability to deal effectively and professionally with internal and external customers.

Skills

• Strong organizational skills.
• Excellent communication skills.
• Proficient in Microsoft Office Suite.
• Knowledge of banking and lending practices.
• Ability to manage multiple tasks simultaneously.

Benefits

We are committed to providing all employees with a comprehensive benefits package, including:

• Paid time off for vacation, sick days and holidays.
• Health insurance.
• Stock options.
• Bonus programs.
• 401(k) plan.
• Paid Parental Leave.
• Life and AD&D insurance.
• Long-term disability.
• Tuition Reimbursement.
• Employee assistance programs.
• Pre-tax health and dependent-care spending plans.

Pay

USD $31.25/Hr. USD $43.28/Hr.

Schedule

Full-time position.

WaFd Bank Benefits Summary

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EEO Policy Statement

We are committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA).