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East West Bank · 2 weeks ago

Commercial Loan Closing Administrator

Houston, TX

Full-time

Onsite

Entry, Mid Level

$24/hr - $34/hr

2+ years exp

East West Bank is a top-performing commercial bank serving as a financial bridge between the East and West. The Commercial Loan Closing Administrator will be responsible for coordinating loan closing and funding activities, ensuring compliance with policies, and liaising among various stakeholders involved in the loan process.

BankingFinanceFinancial Services

Comp. & Benefits

No H1B

Responsibilities

Function as a liaison between portfolio managers, underwriters, escrow, title, closing agents, attorneys, and all interested parties to coordinate closing and funding activities. Coordinate with loan documentation department and loan funding department throughout the process. Collaborate with customers, outside counsel & Portfolio Managers/Underwriters to obtain all necessary documents needed for closing and funding

Communicate with commercial lending officers, portfolio managers/underwriters or other office personnel, attorneys. Ensure all pre-funding requirements are met

Collaborate with Outside Counsel, lending staff, credit supervision, and compliance, to ensure compliance with all applicable policies and procedures in support of Loan Closing

Ability to troubleshoot closing related issues

Read loan documents to ensure consistency with our approval

Set up loan documentation and funding request onto the Bank’s internal loan closing/funding system. Prepare outside counsel consistency letter

Coordinate the receipt and distribution of due diligence items. Maintain and manage the closing checklist to ensure that closing counsel and internal parties have received all required documents to review and close the loan. Maintain a critical schedule and monitor all parties involved in the closing/funding process to ensure deadlines are met. Maintain checklists of client requirements

Coordinate with portfolio managers/underwriters, borrowers, third party agencies and internal departments to make sure items are submitted in a timely manner related to closing. Maintain loan files during the closing process. Call back loan folders to ensure files are completed post-closing. Provide necessary items and loan documents to loan closing department post-closing. Provide necessary items for law firms to prepare closing binders. Pursue the resolution of various issues during the due diligence/closing process. Communicate East West Bank’s due diligence requirements with borrowers such as insurance requirements

Prepare internal closing fee schedule as applicable. Provide information needed to funders and our Escrow agents for closing statements

Ensure proper internal approvals obtained during each phase of the closing/funding process. Follow-up on receipt of the original executed loan documents, as well as any other post-closing obligations

Monitor internal third-party costs throughout the closing process. Ensure payment of third-party consultants (including legal) at closing

May perform other duties as assigned

Qualification

Commercial loan documentationLoan closing processData entry skillsMicrosoft ExcelLaserProMulti-tasking abilityInterpersonal communicationWritten communicationVerbal communication