Loan Assistant

Essential Functions

• Create LaserPro loan documents for all simple commercial loans (i.e. Smart Capital Loans, Cash-Secured Loans and LEAMNs).
• Review attorney prepared loan documents prior to borrower signing to verify inclusion of Cathay Bank standard provisions, covenants, and other wording in accordance with approval.
• Validate the loan and borrower supporting documentation and request follows Bank’s policies, procedures, and Federal, State, and other regulatory requirements.
• Communicate and resolve any supporting documentation issues or questions/clarifications on the conditions/wording appearing in the approval with Lending Unit.
• Receive signed loan documents and perform closing and funding activities including ensuring all loan documents are properly executed by authorized signer and reviewed/signed by Account Officer.
• Process wire request, remit funds to pay off other lender, file UCC-1, set up and maintain ticker and monitoring databases.
• Respond to internal and external inquiries in a timely manner and satisfactory manner (i.e. Lending Units and Loan Servicing).
• Track for trailing documents (i.e. recorded UCC filings, etc.).
• Retrieve and distribute incoming interbranch mail.
• Perform other duties as deemed necessary by supervisor/manager.

Qualifications

• Education: Minimum 2 years junior college level or equivalent preferred but not required.
• Experience: Some banking experience is a plus.
• Skills/Ability: Generate loan documents using LaserPro is a plus. PC proficient. Strong verbal and written communication skills. Organized and detail oriented.

Other Details

Pay: $20.63 – $23.48 / hour Pay determined based on job-related knowledge, skills, experience, and location.

Benefits: Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It includes coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Contact Information: For accommodation requests only, contact Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com.