Commercial Loan Documentation Specialist

Commercial Loan Documentation Specialist
Monterey Park, CA




At Bank of the West, we?ve surrounded ourselves with some of the brightest, talented and most devoted professionals in the financial services industry to form a solid and secure foundation. Currently, we have a great opportunity in Monterey Park, CA for a detail oriented self-starter to compile/prepare standard and non-standard loan documents as per terms and conditions of the approval by the appropriate lending authority for all loans, including but not limited to, Commercial loans, Commercial Real Estate loans, Agricultural loans, Asset Based Lending, Trade Finance, Church loans, and Construction loans for multiple states.


The chosen candidate will:
Review and interpret credit approval information (verification of proper lending authority), as well as supplemental appraisals, environmental reports, documentation requests with loan covenants, subordination requests and other supporting documents (articles of incorporation, preliminary title report, escrow instructions, etc.)
Ensure the accuracy of completed documents to bind and protect the Bank in various commercial credit transactions
Review loan packages for any changes/exceptions, request any additional documentation and/or supporting documents, and compile/prepare proper commercial loan documents for Business Link loans and standard commercial loans on the automated commercial loan documentation system for the submitted credit request within pre-established Service Level Agreements
Prepare basic documents on non-standard requests and perform fundamental edits with supervision and guidance from Team Lead
Submit prepared loan documents per bank standards for final review and forward completed package to originating officer for execution/signature by the customer
Assist the Loan Doc Review Specialist in the review of all unsecured loan documentation prior to releasing to lending officer to ensure accuracy and compliance with all state laws and regulations
Work directly with commercial lending officers or other office personnel and the Law Department to ensure appropriate, complete, accurate loan documents are prepared with the proper level of lending authority
Coordinate escrow closing with escrow company, Title Company or other source
Review all real estate documents upon receipt to ensure proper vesting and lien position on title policy
Review documentation received from lending units, and ensure completeness and accuracy for BLU Real Estate transactions
Generate documentation exceptions and/or Ticklers on Documentation Exception System for BLU Real Estate transactions and clear exceptions when documents are returned
Ensure documents are filed in an orderly manner, old documents are purged, and files contain only current documents
Log all activity in Loan Tracking Database
Remain current on the document preparation software used to prepare loan document packages, as well as the basic legal concepts of secured transactions and variances in applicable state rules and regulations for all states that BOW does business
Provide a superior level of customer service to all internal and external customers of the department
Escalate complex problems (i.e. production, system problems and/or collateral documentation issues) to Team Lead or Manager
Assist with special projects designated by the Team Lead or Manager


Qualified candidates will have:
An Associate?s degree in finance/business or equivalent (Paralegal preferred)
2-3 years of experience in commercial loan documentation, loan operations or lending
A solid understanding of commercial loan documentation requirements, legal issues and bank lending policy, and real estate requirements in all states where BOW is conducting business
Experience preparing commercial loan documents in an automated environment
Proficiency with loan accounting software (preferably AFS), documentation Imaging software (preferably FileOnQ), and documentation preparation system (preferably LaserPro)
The ability to handle heavy volumes of work under minimal supervision
Excellent analytical, research, organizational, problem-solving, proofreading, and written/verbal communication skills
A strong customer service orientation
The ability to excel in a team-oriented environment
PC proficiency with MS Office (Word, Excel, Access, Outlook)
Experience with LaserPro loan documentation system is preferred.


For immediate consideration, visit www.bankofthewest.com, click on ?Employment?, search under ?Monterey Park, CA?, and apply online for the ?Commercial Loan Documentation Specialist?.


Bank of the West and its subsidiaries are equal opportunity/affirmative action employers. It is our policy to recruit, advertise, employ, promote, transfer, discipline, and discharge without regard to race, religion, color, national origin, age, physical or mental disability, veteran status, sex, and any other basis protected by federal, state, or local law.


Bank of the West
Community Focused Banking