Loan Documentation Administrator

Banc Of California And Your Career

Banc of California, Inc. is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California. 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, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through BancEdge. 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. At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values Entrepreneurialism, Operational Excellence, and Superior Analytics empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more.

The Opportunity

Responsible for preparing loan documents once a request is made by the applicable region/business unit, Loan Administrator. The Loan Documentation Administrator is responsible for performing all essential duties related to loan documentation. Performs all duties in accordance with the Company's policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.

How You'll Make A Difference

Handle preparation of documentation for non-complex loans on LaserPro or Word-based documents in accordance with bank policies, procedures and credit approval. Maintain specialized knowledge of the loan documentation and processing functions, terminology, policies and procedures and may be required to perform the due diligence requirements for commercial loan purchases. Review the loan file for accuracy and completion as needed for preparation of loan documents, including without limitation, BSA documents, entity documents, appraisal information, preliminary reports and searches. Identify any open items within 24 hours of loan assignment and notify the Loan Administrator and Relationship Manager. Manage and update open items list as received and reviewed. Review preliminary title reports, exceptions, and plotted easements and survey if applicable to identify any potential issues, discuss with the Loan Administrator or Business Unit representative as to the course of action; if applicable, compare to the proforma title policy. Request revisions directly with the Loan Administrator / Business Unit representative, if any as it relates to loan documentation. Prepare and review all types of loan documents, which may include, Loan Agreement, Note, Guarantee(s), Subordination Non Disturbance Agreement (SNDA's), Security Agreements, loan assignments, assumptions and modifications, etc. confirming the loan documents accurately reflect the credit approval and conform to Company policy and regulatory requirements. Ensure Loan Administrator has obtained Certificate of Good Standing from Secretary of State (dated within 90 days of closing) for Borrower, Guarantor, and Managing Member as it relates to the preparation of loan documentation. Complete the Loan Document Review Checklist and submit to the designated loan document reviewer for review and execution. File all collateral related Uniform Commercial Code-1 (UCC-1) (state level). Perfect motor vehicle title collateral. Provide backup support to the Loan Administrators, as requested/needed in the loan closing and loan funding process, including without limitation, reviewing the balance sheet, the closing checklist, flood determinations, insurance (including flood insurance), wire, tax service contract and other funding and closing requirements. Work with the Loan Administrators to organize all loan records and information accordingly within 5 days of closing. Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type. 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 to 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.

What You'll Bring

2+ years of commercial loan 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 and ability to assess if the legal documents drawn cover all necessary terms and conditions appropriate for the approved credit product. Experience with FIS loan accounting system preferred. Proficient with nCino and SalesForce. Proficient understanding of the loan closing/funding process. LaserPro experience is required. Knowledge of real estate and commercial & industrial (C&I) loans and loan documentation. Small Business Administration (SBA) and consumer loan documentation knowledge is a plus. Knowledgeable in all branch functions associated with origination, processing and closing. Intermediate knowledge of title policies and related loan regulations such as RESPA, HMDA and other Bank lending policies. Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including 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 make decisions that have moderate impact on the immediate work unit and cross functional departments. Ability to work with little to no supervision while performing duties. Preferred Bachelor's Degree and/or relevant work experience or training

How We'll Support You

Financial Security: You will be eligible to participate in the company's 401k plan which includes a company match and immediate vesting. Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA). Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family. Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off. Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.