First Bank Newport Beach , CA 92663
Posted 2 weeks ago
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.
First Bank