Military Veterans are Encouraged to Apply.
Job Details: LOAN DOCUMENTER III
WHAT IS THE OPPORTUNITY?
Provide loan documentation support to Private Bankers and Underwriters in facilitating loan preparation, documentation and loan servicing activities.
Serve as a liaison with sales team, lending team, City Loan Center (CLC), and legal to ensure all loans are documented to fully protect the Bank’s interests in the credit relationship.
Private Banking Division
As a member of City National’s Private Banking group, you will help deliver tailored financial solutions to high
– and ultra-high-net-worth families, select professional services firms and select nonprofits.
Exceptional, customized service and integrated solutions and strategies, investment management, trust and wealth planning set this team apart.
WHAT WILL YOU DO?
Obtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, borrowing authority documentation, collateral information, request for demand and any additional information as needed to perfect the bank’s position and reflect the terms of the credit approval.
Take appropriate action on any issues that arise to meet the requested document due date.
Prepare loan documents based on knowledge of loan type and of bank and department policies and procedures.
Ensure compliance with all federal and state laws and regulations.
Determine whether standard language can be used or if assistance from the Legal Department is required for the preparation of Supplemental Term Letters and Credit Agreements.
Audit loan documents (prior to execution by borrower) for adequacy and determine missing, incomplete or incorrect information required by the bank, Federal and State regulations to maintain quality controls.
Identify, follow up, and/or escalate exception conditionals to Loan Administration Manager, Credit Manager, Credit Team Leader, Underwriter, or Administrative Manager, as appropriate.
Audit all loan documents (after execution by borrower) to verify that the documents have been returned, signed, dated, and initiated properly.
Ensure that any missing or altered documents are listed on the waiver report, and that proper approval for boarding with deficiencies has been obtained.
Follow up on missing documents.
Obtain necessary waivers before boarding a loan with exceptions Obtain insurance documentation for new loans when required.
Ensure that insurance coverage complies with established Bank standards.
Set up and ensure that all shadow legal files are kept current and in accordance with filing standards and naming convention.
Ensure all files are tracked and recorded/maintained in the tracking system Ensure requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances, etc.) Provides on-going support for compliance with all applicable laws, regulations and administrative duties Perform loan closure process.
Follows up on Monthly documentation and servicing exception reports in a timely manner.
Duties may include file room maintenance (e.g., archiving, filing, updating, File Tracker, etc.)
WHAT DO YOU NEED TO SUCCEED
Must-Have*
Three years of experience in commercial and/or real estate documentation Three years of experience in a commercial bank or other financial institution Four years of basic computer experience required (e.g.
Microsoft Word, Excel , Outlook, and Powerpoint
Skills and Knowledge
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification.
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal.
Since day one we’ve always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today.
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
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Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled