Job Information
Banc of California Loan Coordinator- (Temporary up to 90days) in Los Angeles, California
Overview
Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.
Job Summary
Responsible for a loan transaction once the application is received until the loan transaction is approved by Credit Administration. Displays good time-management abilities, attention to detail and excels at working in a fast-paced environment. Additionally, interacts collaboratively to achieve the goals of Loan Coordination Team. Provides assistance to the sales and credit teams and performs additional duties as necessary to support the overall goals and objectives of assigned Lending Divisions. Performs all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.
Responsibilities
Main point of contact throughout the loan application process with direct interaction with clients, the sales team, credit team and management, exercising discretion and prudent judgement.
Maintains a professional and courteous attitude and demonstrates a true concern for internal and external clients.
Effectively manage expectations of Relationship Managers in terms of timelines and completion of entity and loan documentation needs checklists throughout the due-diligence process.
Review the client’s loan application package, prepare an additional information letter, if required, and convey any issues discovered to the appropriate client or internal contact.
Conduct a thorough review of the loan file to ensure it includes all relevant documentation required for the given transaction verifying the accuracy, completeness, and adherence to general and transaction specific requirements prior to forwarding the loan file to Credit for review and approval.
Order flood certification and complete requirements according to company Standard, which may include verification of flood insurance as required by federal regulation.
Review and validate entity structure and organizational documents to verify management/control and determine what level of packaging is necessary, in accordance with Bank policy.
Order and review credit reports and OFAC to determine if Bank requirements are met and check for other derogatory items that may require additional documentation, alerting Credit and obtaining approval to proceed, as necessary.
Order UCC searches, Statement of Information, Certificate of Good Standing and/or any other third party report for all entities in the borrower structure, as necessary and applicable.
Review preliminary title reports, exceptions, and plotted easements and survey if applicable to identify any potential issues, determine resolutions with the Title Officer and review with Team Lead. Order a proforma title policy when required.
Pre-review of existing insurance certificates to check compliance with Bank policies and review appraisals to confirm insurable/replacement value for certificate purposes; review possible waivers with Team lead.
Track Good Faith Deposits and/or Rate Lock expiration dates and request extensions, as necessary.
Request payoff demands (existing lender) from Escrow or lender as required.
Process withdrawn/declined transactions and complete Pipeline. Processing includes preparation of balancing spreadsheet for refunds to the Borrower if required.
Able to review commercial property space leases, calculate leasing commissions and tenant improvement allowances.
Assists with closing/funding as needed.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
Performs the position safely, without endangering the health or safety of themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
Performs other duties and projects as assigned.
Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner.
Qualifications
Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).
Ability to exercise discretion and independent judgement that has moderate impact on the immediate work unit and cross functional departments.
Ability to make a conclusive recommendation based on independent analysis.
Knowledgeable in all department functions associated with origination, processing and closing.
Intermediate knowledge of commercial insurance terminology, forms, and bank requirements.
Intermediate skills in computer terminal and personal computer operation; Microsoft Office applicationsincluding but not limited to: Word, Excel, PowerPoint and Outlook.
Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
Effective organizational and time management skills.
Exceptional oral, written and interpersonal communication skills.
Ability to organize and prioritize work schedules on a short-term and long-term basis.
Ability to provide consultation and expert advice to management.
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Ability to work with little to no supervision while performing duties.
Bachelor’s degree preferred or at least a minimum of one (1) year of commercial loan processing and documentation experience including: loan documentation preparation, loan documentation maintenance and control, Loan collateral maintenance and control, Credit and public record information searches.
Proficient understanding of all documents required for all borrowing entities.
Ability to assess if the legal documents cover all necessary terms and conditions appropriate for the approved credit product.
Experience with Fiserv loan accounting system preferred.
Knowledge of commercial and/or real estate loan documentation.
Salary Range: $52,000.00- 62,400.00 USD; Final salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with geographic/market data.
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Job Locations US-CA-Los Angeles
ID 2024-3689
Category Credit
Type Regular Full-Time
Equal Opportunity Employer
PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion/creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity/expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.