RE Loan Administrator

3 weeks ago


Newport Beach, United States First Bank Full time

Real Estate Loan Administrator

A Real Estate Loan Administrator supports several real estate lenders in underwriting, processing, loan documentation and customer service.

What You Will Be Doing

* Coordinating and assisting with the closings of commercial real estate loans. Assuring loans are closed in accordance with loan approval terms and according to Bank policies.
* Preparing loan documents, disbursements, demand/reconveyance checklist and files.
* Assisting loan officers and legal counsel in the preparations of loan documents. Collects, organizes and reviews Borrowers/Guarantor formation documents.
* Ordering Flood Certificates, Insurance and Flood insurance, as necessary. Preparing proper disclosure letter if in flood zone requiring flood insurance.
* Coordinating loan closing with the escrow and title companies. Calculating and preparing settlement statement. Calls in closing wire to Wire Department.
* Preparing boarding sheets and sends complete packets for boarding to the centralized credit administration department.
* Transitioning loan to another Real Estate Loan Administrator, if necessary.
* Verifying boarding information on CBS; prepares tickler for recorded documents, title policies, insurance and UCC and will follow-up on outstanding items.
* Answering inquiries from borrowers, title companies, escrow, insurance companies, etc.


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