City National Bank · 4 hours ago
Loan Processor
US-FL-Miami
Full-time
Hybrid
Senior Level
5+ years expCity National Bank is a financial institution dedicated to providing comprehensive banking services. The Loan Processor role involves processing and closing various types of loans while ensuring compliance with bank policies and procedures.
BankingFinanceFinancial Services
Responsibilities
Reviews approved credit approvals upon receipt from the Underwriter and undertakes to obtain all requirements necessary to close the loan pursuant to the loan approval and the applicable loan closing checklist. These items include, but are not limited to, commitment letters, appraisals, inspection reports, legal and collateral documentation, title information, compliance documentation, insurances and payoffs
Transmits complete loan packages to either outside counsel or in-house loan documentation staff for preparation of loan documents. Assists as necessary throughout the closing process with any additional closing requirements, keeping all parties informed and acts as liaison to get appropriate decision-makers involved to resolve problems
If loan is documented by outside counsel, reviews draft loan documents prior to closing, determines that the closing statement reflects the appropriate use of loan funds and that the appropriate bank fees, escrows, costs, etc., are collected at closing. Determines that all non-legal conditions for closing have been satisfied. Coordinates with counsel to close and fund the loan, and follows up on all post-closing matters
Prepares all bank forms required for the closing and performs all tasks required to comply with bank’s loan policies and procedures, particularly with respect to compliance and credit matters
Ensures loans are properly booked, all required waivers are in place, and the loan proceeds are properly disbursed
Organizes the file and bar-codes loan and credit documents, as necessary
Follows up to obtain all outstanding documentation items, including recorded documents when the closings are performed by outside or in-house legal counsel
Performs the administrative end of loan relationship, including but not limited to, handling inquires from Relationship Managers and managing compliance related requirements with respect to flood regulations
Stays abreast of loan compliance related issues and distributes as required information to department
Acts as liaison with other departments to resolve operational issues
Assists with training/instruction of compliance and closing procedures within the department as necessary
Maintains such reports as may be required
Processes revolving line of credit advances and paydowns based on pre-approved loan documentation and/or advance request and corresponding general ledger account entries related to loan closings
Prepares Loan Input Sheets, performs quality control of approval instruments, and all other required documentation necessary for proper loan booking
May maintain credit files related to a loan closing according to the banks credit standards
Qualification
Required
5-7 years of commercial and consumer loan processing and customer service experience
Extensive knowledge of consumer loans, commercial and mortgage loan structures and documents
Knowledge of loan accounting issues
Must have the ability to accept instruction, prioritize and follow through on work assignments with minimal supervision
Excellent computer skills using Microsoft office applications (Outlook, Excel & MS Word)
High level of accuracy and attention to detail being aware to verify and double check work
Must possess excellent organizational and time management skills with ability to handle multiple tasks under tight timeframes
Ability to work independently with minimum of supervision and to be a team player with a positive outlook
High School Diploma or GED equivalent
An equivalent combination of education and relevant professional experience may be considered in lieu of a degree
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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