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Cathay Bank · 15 hours ago

Loan Specialist

Rosemead, CA

Full-time

Onsite

New Grad, Entry Level

$20/hr - $23.08/hr

Cathay Bank is a financial institution that values its team members and fosters a caring culture. They are seeking a Loan Specialist to prepare commercial loan documentation, review attorney-prepared documents, and coordinate loan closings while ensuring compliance with bank policies and regulatory requirements.

BankingFinanceFinancial Services

Responsibilities

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 receipt of the loan and borrower supporting documentation and that 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

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

Other duties as deemed necessary by supervisor/manager

Qualification

LaserProBanking experiencePC proficientOrganizedVerbal communicationWritten communicationDetail oriented

Required

Minimum 2 years junior college level or equivalent

PC proficient

Strong verbal and written communication skills

Organized and detail oriented

Preferred

Some banking experience

Experience generating loan documents using LaserPro

Benefits

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

401(k)

Company

Cathay Bank

Glassdoor3.1

Cathay Bank is a financial services company originally founded to support Los Angeles’ growing Chinese American community. It is a sub-organization of Cathay General Bancorp.

Founded in 1962