The Sr. Loan Processor is responsible for processing complex commercial loans from start to finish and other Bank loans as requested.

• Responsible for the building of Loan Files (hard or electronic, as applicable) according to the Bank’s credit policies and
• Prepares Introduction Letter to applicant with a detailed list of informational items necessary to process the loan.
• Collect incoming informational items requested from applicant/borrower and review to ensure accuracy.
• Collaborate and effectively communicate with internal staff (Sales, Credit, Loan Servicing, Accounts Payable, etc. departments) and External clients (Client/Borrower, Title/Escrow Agents, Notary Service) and any other applicable agencies that are needed to process subject loan (i.e. State Guaranty Agency, DMV service).
• Initiates Title/Escrow order to obtain Preliminary Title Report for
• Gathers third party reports (i.e. credit, OFAC, Westlaw, UCC search, Flood Determination Certificate, Tax Verification).
• Prepares insurance coverage letter of request required for collateral being taken for subject loan. Upon receipt of insurance coverage requested, responsible for reviewing per initial letter of request.
• Advance loan proceeds (draw request) as approved per Credit Approval Memorandum (“CAM”).
• Manage borrower funds received for processing costs incurred (to be deposited to bank “GL” account).
• Ensure outstanding invoices associated with loan request are paid prior to or at closing.
• Maintain knowledge and comprehensive understanding of all types of entities in order to prepare Commercial Loan Documents that are not specifically ordered from Documentation department (i.e. Subordination, SNDA, Estoppel Certificate).
• Ensure notes are input in communication software with all updates identifying stage of process.
• Submit request for UCC filing (if applicable) and place tax service order with appropriate vendor.
• Submit loan documentation request upon receipt of Credit Approval Memorandum (“CAM”). Loan documents are to be reviewed upon receipt from loan documentation department for accuracy.
• Coordinate document signing per type of loan (i.e. Modification via e- sign, Origination/Purchase/Re-finance via escrow/title and/or Relationship Manager).
• Review executed loan documents verifying all conditions have been
• Prepare loan file for funding (i.e. complete Funding Journal, Modification Fee Sheet, Wire Request Form, payment of invoice(s), note payoff(s)) and boarding (i.e. complete checklist).
• Create ticklers for outstanding conditions and trailing documents (i.e. final title policy(ies) and recorded documents) in communication software (“Salesforce”). Review final title policy(ies) and recorded documents upon notification through communication software (“Salesforce”).
• Mentor and train new Loan
• Cover other Processor’s loans when out of office due to illness and/or
• Assist with audits and
• Authorized to approve and sign invoices within stated credit policy
• Review and approve journals, review wire information and assist other loan processors as needed to process loans

Qualifications

• Minimum 3 years of experience in commercial loan processing funding or related work experience

A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $32.8328 to $49.249. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html

#LI-Onsite

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)