Cornerstone Capital Bank · 5 hours ago
Commercial Loan Administrator
Plano, Texas, United States
Full-time
Onsite
Senior Level
5+ years expCornerstone Capital Bank is a new bank that combines the strengths of Cornerstone Home Lending and Roscoe State Bank, focusing on mortgage lending and community banking. The Commercial Loan Administrator will support loan officers in an administrative capacity, facilitating new loans and loan closings while ensuring compliance with banking regulations.
Financial Services
Responsibilities
Coordinates loan closings with title companies and real estate agencies. Ensuring documents returned from applicable agencies are complete and accurate
Significant understanding of loan documentation, credit policy, and banking regulation to enable a constant review to ensure the assistance is up to speed on any changes to the company credit policy and company compliance
Coordinate the preparation of required loan documentation; ensure documentation meets compliance requirements; coordinate the execution of loan documents; organize workflow for renewal; follow up with clients, insurance agents, title company, and/or attorney for missing loan documentation as necessary
Effective file maintenance to resolve exceptions or any other documentation deficiencies, along with actively managing outstanding exception items for compliance with credit policy
Work closely with the banker, lender, relationship manager, and portfolio manager to assist in collecting financial data and client phone/email communication to better manage the overall client relationship. Other client-related services include wires, NSF accounts, and overdrafts
Responsible for monitoring reports such as past due, paid off loans, and maturing loan lists to assist and proactively inform banker of potential or pending issues, along with providing support to minimize administrative gaps
Moderate understanding of HMDA, CRA Community Development, and CRA Small Business Revenue inputs to ensure proper reporting and compliance for the bank
Understanding and communication ability of the bank’s retail services and processes to effectively perform retail functions as needed
Review all loan packages including proper approval authority, entity documentation, promissory notes, security instruments, loan agreements, lien instruments, title commitments/real property searches, appraisals, contracts, UCC searches, insurance policies, surveys, and environmental reports
Review customer loan files for appropriate customer verification as required by Bank policy; adhere to BSA/AML requirements and bank policy
Prepare/Organize closed loan packages for processing by Loan Operations
Provide disclosures when necessary
Order Flood, Title Commitments, UCC Searches, Environmental Reports, Appraisals, and any other applicable documents
Monitor exception reports to clear exceptions in a timely manner
Perform other duties and responsibilities as assigned
Qualification
Required
Minimum 5 years of commercial lending experience required, including processing, closing, perfecting liens, etc
Ability to establish and maintain positive working relationships
Superior oral and written communication skills, ability to interface with all levels of employees and management
A strong commitment to customer service and the ability to work quickly and accurately under constant deadlines
Ability to independently identify resolutions to documentation and/or deadline issues
Strong attention to detail and possess strong problem-solving skills
Strong computer and technology-related skills
Proficient using Microsoft Office Suite (Word, Excel, Outlook, etc.)
Benefits
Competitive salary
Full benefits package
Potential for a performance-based bonus
Company
Cornerstone Capital Bank
We are a team of dynamic, enthusiastic, and service-oriented individuals who want to make banking and mortgages easier for you.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Scott Almy
President and Chief Executive Officer
Dana Bustos - National Talent Matchmaker
Talent Acquisition Manager and Business Line Partner, VP
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