Loan Operations Analyst - (San Jose) in San Jose, California For Sale
The incumbent is responsible for information preparation, verification, loan documentation, shipping and delivery for one or more of the following loan types: SBA, and Commercial loans including construction related projects. Incumbent is also responsible for post-closing documentation and management of the disbursement process. The incumbent acts as lead coordinator between Commercial Banking and the Note Department for participation loan purchases/originations, SBA servicing, commercial servicing and validation of payment remittances. The work includes monthly remittances to investors and reconciliation of general ledger accounts. Responsibilities: COMMERCIAL LOAN Responsibilities (SBA 7a & 504 Loans): Collects and reviews appropriate due diligence documentation such as leases, purchase contracts, entity documents, franchise documentation, appropriate insurance certificates, etc. Ensures all requirements and documentation, including appropriate lien releases, are obtained prior to funding draws. Communicates with borrower, escrow and/or title companies, insurance agents, and other parties directly involved in all aspects of loan closing, to obtain required documentation and verifications prior to closing. Resolves issues prior to loan closing. Reviews borrowers loan package to identify potential risks, as related to collateral type and/or purpose of loan (ie flood, environmental, HMDA, CRA, etc.) Identifies, requests and reviews critical documents related to entity searches, Uniform Commercial Code (UCC-3) initial and pre-booking searches, flood determinations, etc. Resolves key issues related to these documents. Orders real estate and equipment appraisals and business valuations; Files UCC-1s; Prepares all required loan documents. Sets up escrow, requests preliminary title reports, and sets up tax service, etc. Oversees and administers procedures required for timely and accurate processing of declined/withdrawn loan applications as required by regulation. Pays guarantee fees to SBA, monthly reporting to SBA Effects collateral lien, ensuring lien position is per Credit Approval Report prior to loan closing. Disburses the loan per policy & procedure. Processes and closes paid loans. Processes payments, reversals, Automatic Funds Transfer (AFT)s, non-accrual, charge-offs and wires. CRE & MORTGAGE LOANS Assists with the timely setup of files to the loan accounting systems (FICS, Silverlake, Symitar); and recording of principal, interest and escrow payments. Reviews the Credit Union's records and transactions, in cases where payments are more than 15 days past due, to resolve misapplied payments, research transactions and ensure that payments are properly directed. Disburses funds from escrow to appropriate agencies when due and performs escrow analysis as needed. Receives and processes demands for real estate loan payoff information. Processes and prepares Deeds of Re-conveyance in accordance with credit union and investor policies and procedures. Assists as needed in areas of foreclosure, from assignment to a trustee through sale of property. Tracks, pays and if needed, force places insurance (flood, hazard, HUD etc.). Prepares and processes all pertinent documentation necessary to resolve servicing issues. Implements timely investor reporting and account reconciliation. Performs final file review and documents receipt of original recorded deed of trust and ensures that Technology Credit Union is assigned the correct lien position on the final title policy.
Source: http://www.juju.com/jad/xxxxxxxxm6me0h?partnerid=af0exxxx314cbc501beebacaxxxx739d&exported=True&channel=staticfile&hosted_timestamp=xxxxa345f27ac5dce03e7febe67ae54a19ac67c34ee1c085ce9exxxxde800ec6