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MFR/CRE Loan Administrator III

Company: First Foundation Bank
Location: Irvine
Posted on: August 6, 2022

Job Description:

Job DescriptionSummary: This position is responsible for complex and advanced loan documentation preparation necessary to underwrite and close Multi-family and Commercial Real Estate loans in accordance with policies and procedures as required by the regulatory agencies. Serve as point of contact/mentor for all Loan Administrators and assists in training new staff as necessary.Duties and Responsibilities:

  • Understand various Borrowing Entity structures and be able to determine basic requirements and State filings for each entity (domestic or foreign)
  • Perform Borrowing entity documentation review, red flag any inconsistencies for the underwriter's attention and obtain the appropriate approval of exceptions to requirements
  • Prepare and send the Additional Information Letter ("AIL") to the Borrower notifying them of any additional requirements
  • Perform the OFAC Review and ID Verification
  • After receiving the signed commitment letter, verify the loan system has been updated and the credit approval has been appropriately signed off
  • Review the credit approval and verify that all prior to loan document conditions have been met
  • Prepare Loan Documents specific to the Loan Approval terms, including special documents for additional advances, earn outs or hold back agreements and submits to supervisor for review
  • Review signed loan documents for completeness, compliant signatures and notary acknowledgements
  • Review outstanding conditions and follow up to obtain missing documentation
  • Serve as point of contact for all Loan Administrators for questions and guidance
  • Assist in training/cross-training of department employees as directed
  • Promote and provide excellent customer service by effectively communicating and cooperating with all internal and external customers.
  • Provide support in the acquisition of new clientele and the maintenance of existing relationships; promote close working relationship with clients and brokers

    Job Requirements: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    Education and/or Experience:
    • High School diploma or equivalent required; Bachelor's degree preferred
    • Minimum of 5 to 7 years of related experience required
    • Lead or supervisory experience preferred Skills:
      • Solid ability to comprehend, analyze and interpret information regarding financial statements, tax returns, and lease agreements for the more complicated, multi-family and commercial loan transactions
      • Expertise with business entity documentation including partnership agreements, trust agreements, corporate documentation and limited liability companies
      • Expertise dealing with borrowers, escrow and title required
      • Must possess strong customer service ethics and team building skills
      • Ability to prioritize, organize, and produce in a high-volume, deadline driven production work group
      • Must be detail-oriented and self-motivated with the ability to work independently
      • Strong grammar and composition skills are essential
      • Proficient in Windows applications, including Microsoft Word and ExcelFirst Foundation is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

Keywords: First Foundation Bank, Irvine , MFR/CRE Loan Administrator III, Other , Irvine, California

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