Loan Documentation Admin - New York, NY

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The Loan Documentation Admin will be responsible for protecting the bank's interests by working closely with Loan Officers on a full range of administrative and credit matters.

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Responsibilities include but are not limited to:

• Act as liaison between loan officers and customers.
• Request and review loan documents for the more complex loans, upon receipt from the Lender -- typically loans that are to close without outside counsel.
• Complete commitment letters for Commercial loans in compliance with Loan Offering requirements.
• Perform UCC and property searches or OFAC and SOS searches as required.
• Perform post closing review of documents for propriety and completeness.
• Follow up on expiring insurance policies to assure continuity of coverage on the Bank's collateral.
• Investigate and determine the approval for release of collateral and loan documents on paid loans.
• Review and investigate overdrafts on a daily basis, to assure resolution of any open items prior to the Bank's cut off time.
• Monitor and update ticklers system for policy and document exceptions, insurance information, and financial data, to include contacting customer / CPAs / insurance companies for expired information.
• Create new collateral files and file documents in existing files or scan documents, as necessary.
• Follow-up for outstanding documentation exceptions on new loans.
• Release documents on paid loans.
• Review on a daily basis the Over Draft Report and follow up on Commercial accounts for payment / rejection within the Bank's daily cut off time.
• Assist Loan Officers on expired line renewals as necessary.
• Assist Department staff with their assigned tasks as needed.
• Monitor AML/ BSA Compliance and update utilizing various ticklers or direction from Manager or Lenders.
• Follow up on past due accounts.
• Problem resolution on customer inquiries.
• Process advances and paydowns on loan portfolio.
• Process extensions and construction advances and issue official checks at closings.
• May prepare wire transfer requests.

• Excellent verbal and written communication skills.
• Ability to prioritize and organize assignments.
• Ability to handle multiple tasks simultaneously.
• Intermediate PC skills using Microsoft office applications.

• High School Diploma or GED and a minimum of two years' related experience.

Full-time

Exempt

Pay Range Pay Range

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.

The actual pay rate will depend on the person's qualifications and experience.

$55,100.00 - $88,000.00 / year

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.