Sr. Loan Specialist

About the role

The Documentation, Closing & Funding Department at Cathay Bank is responsible for preparing commercial loan documentation in LaserPro or reviewing attorney prepared loan documents. The department also drafts lender’s instructions, coordinates loan closings, ensures all loan documents are properly executed, and verifies collateral perfection within the allowed timeframe.

Responsibilities

• Create LaserPro loan documents for all simple commercial loans (CRE loans, C&I with Sub-limits, Working Capital loans, SBA 7A & 504 loans, International Trade Finance Loans, Construction Loans and Asset Based Lines of Credit).
• 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 receipt of the loan and borrower supporting documentation and ensure the 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 and/or Cathay Bank legal counsel.
• If applicable, create escrow closing instructions and pre-closing conditions and any other conditions required for Lender/Borrower.
• 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 payoff other lenders, 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, Loan Servicing and Cathay Bank legal counsel).
• Track for trailing documents (i.e. recorded UCC filings, deed of trust and title policy, etc.).
• Perform other duties as deemed necessary by supervisor/manager.

Qualifications

• Education: College graduate with major in accounting or business preferred but not required.
• Experience: 3+ years commercial lending or banking experience with working knowledge of lending regulations. Experience generating loan documents using LaserPro.
• Skills/Ability: PC proficient. Strong verbal and written communication skills. Organized and detail oriented. Ability to work independently without much supervision.

Other Details

Pay: $26.92 – $30.77 / hour Pay determined based on job-related knowledge, skills, experience, and location.

Benefits: Cathay Bank offers a competitive benefits package which includes medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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