Loan Assistant

GENERAL SUMMARY

Documentation, Closing & Funding Department is responsible for preparing commercial loan documentation in LaserPro or reviewing attorney prepared loan documents, and coordinate loan closing ensuring all loan documents are properly executed, and all loan terms/conditions are fulfilled and collateral perfection within allowed timeframe.

ESSENTIAL FUNCTIONS

• Create LaserPro loan documents for all simple commercial loans (i.e. Smart Capital Loans, Cash-Secured Loans and LEAMNs).
• Review attorney prepared loan documents prior to borrower signing to verify inclusion of Cathay Bank standard provisions, covenants, and other wording in accordance with approval.
• Validate the receipt of the loan and borrower supporting documentation and that the request follows Bank's policies, procedures, and Federal, State, and other regulatory requirements.
• Communicate and resolve any supporting documentation issues or questions/clarifications on the conditions/wording appearing in the approval with Lending Unit.
• Receive signed loan documents and perform closing and funding activities including ensuring all loan documents are properly executed by authorized signer and reviewed/signed by Account Officer. Process wire request, remit funds to pay off other lender, file UCC-1, set up and maintain ticker and monitoring databases.
• Respond to internal and external inquiries in a timely manner and satisfactory manner (i.e. Lending Units and Loan Servicing).
• Track for trailing documents (i.e. recorded UCC filings, etc.).
• Retrieve and distribute incoming interbranch mail.
• Other duties as deemed necessary by supervisor/manager.

QUALIFICATIONS

• Education: Minimum 2 years junior college level or equivalent preferred but not required.
• Experience: Some banking experience is a plus. Experience generating loan documents using LaserPro is a plus.
• Skills/Ability: PC proficient. Strong verbal and written communication skills. Organized and detail oriented.

OTHER DETAILS

$20.00 - $23.08 / hour
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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