Loan Documentation Specialist
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Job Location:
Irvine, CA - USA
Hourly Salary:
$ 40 - 46
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Loan Documentation Specialist
Location:Irvine CA DTLA CA Remote
Job Type: Full-Time Non-Exempt Remote Eligible
Salary Range:$40 $46 per hour
About Commercial Bank of California
Commercial Bank of California (CBC) is the largest Latino-owned bank in California and a certified Minority Depository Institution (MDI). Headquartered in Irvine and founded in 2003 CBC is one of the largest privately held banks in the state with over $3.5 billion in assets as of December 2024.
We are a purpose-driven financial institution committed to building long-term relationships and delivering innovative personalized banking solutions. Our leadership reflects the diverse communities we serve and our mission is rooted in empowering entrepreneurs business owners and community leaders to thrive.
As a certified MDI CBC is proud to play a vital role in advancing financial inclusion and economic opportunity. We believe in a higher vision for bankingone that prioritizes trust collaboration and community impact. Join us and be part of a team thats redefining what it means to be a community-focused relationship-driven bank that puts people over profits.
Job Summary
Under moderate supervision and reporting to the Loan Documentation Team Lead the Loan Documentation Specialist is responsible for preparing and reviewing loan documentation for the Banks commercial real estate and consumer loan portfolios. This role primarily utilizes the LaserPro loan documentation system to generate accurate and compliant documents for basic to moderately complex loan transactions. The specialist ensures all documentation aligns with credit approvals adheres to the Banks credit policies and complies with applicable laws and regulations.
Essential Duties and Responsibilities
- Analyze entity documentation for borrowers guarantors and collateral grantors to verify good standing and to ensure loan documents are properly prepared and authorized.
- Verify that all approved loans conform to the Banks policies and all pertinent governmental laws and regulations. This includes verifying that all Credit Authorizations evidence appropriate approval levels based on the customers total commitments loan amount and loan type.
- Interact with appropriate lending unit personnel and review the approved Credit Authorization to determine the loan documentation requirements.
- Prepare loan documents based on loan due diligence and the approved Credit Authorization primarily using the LaserPro loan documentation preparation system.
- Assist with ordering title policies.
- Assist with ordering flood determinations.
- Support coordination of the issuance of all trade Letters of Credit via correspondent banking relationships.
- Accountable to understand and ensure regulatory and policy compliance with state and federal requirements including the following (but not limited to) Bank Secrecy Act Anti-Money Laundering Act Community Reinvestment Act OFAC Regulations and Fair Lending and all applicable bank and government regulations.
- Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions as they apply to your position and job responsibilities with an emphasis on the BSA/AML/CIP Consumer Privacy Regulation CC Information Security Bank Protection Act FACT-Identity Theft Information Technology and GLBA.
- Perform other duties as assigned.
- Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational core values; accepts responsibility for own actions.
- Demonstrates knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
- Assures compliance with all Bank policies procedures and processes and all applicable state and federal banking laws rules and regulations; adheres to Bank Secrecy Act (BSA) and Anti-Money Laundering Act rules and regulations.
- 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 ones own actions and conduct.
Minimum Qualifications
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Education/Training/Experience:
Required:High School Diploma; and minimum 3 years related experience in loan documentation preparation and closing or equivalent combination of education and experience. Must be well versed in all lending laws and regulations and LaserPro documentation software
Desirable: Experience in all phases of documentation preparation with emphasis on commercial and real estate lending.
Knowledge:
- Good working knowledge of personal computers and software
- Proficient in the use of LaserPro documentation software
- Basic knowledge of loan accounting systems functions and procedures
- Bank marketing operations and other daily banking functions to maintain understanding of customer management and product delivery in general
- Banking laws policies and procedures service and credit products
- General accounting and mathematics
Abilities:
- Detail oriented able to multi-task and highly organized
- Able to read and comprehend legal documents procedure manuals and governmental regulations and apply same to job responsibilities as needed.
- Enter data in personal computer use a calculator; operate telecommunications equipment and other office equipment.
- Use word processing spreadsheet graphics and database software applications as well specialized financial systems software
- Plan organize and prioritize tasks to meet deadlines
- Analyze and solve work problems
- Follow oral and written instructions
- Communicate effectively with co-workers consultants regulators and other parties.
- Prepare clear and concise reports and other documentation and correspondence
Benefits & Perks
- Competitive employer contribution to medical dental and vision coverage
- 401k plan with employer match
- Flexible Spending Accounts (FSA) and Dependent Care Accounts
- Employee Assistance Program (EAP)
- Employer provided Calm subscription
- Employer provided mental health benefits through Teladoc
- Life AD&D and disability insurance
- Minimum 15 Days of Vacation 11 Paid Federal Holidays Paid Time off to Volunteer
- Online discount program
- Tuition Reimbursement Program
Join Our Team!
Equal Employment Opportunity & Accommodations
Commercial Bank of California is proud to be an Equal Employment Opportunity employer. We are committed to creating an inclusive environment for all employees and applicants. All qualified individuals will receive consideration for employment without regard to race color religion sex sexual orientation gender identity or expression national origin disability protected veteran status or any other legally protected characteristic.
We evaluate applicants fairly and equitably including those with criminal histories in accordance with applicable federal state and local laws.
Commercial Bank of California is also committed to providing reasonable accommodations to individuals with disabilities. If you require a reasonable accommodation during the application or interview process please contact us at with the nature of your request and your contact information.
Recruitment Policy
Commercial Bank of California does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to CBC either directly or indirectly will be considered the property of Commercial Bank of California.
We will not pay a fee for any placement resulting from the receipt of an unsolicited resume. To submit candidates for consideration recruiting agencies must have a valid written and fully executed agreement with Commercial Bank of California. Without such an agreement in place no agency submissions will be accepted or compensated.
Required Experience:
IC
Key Skills
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