RE Loan Administrator

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.