Job Openings in Sacramento County and Beyond

Senior Loan Administrator

Sacramento, CA 95826

Posted: 06/07/2023 Employment Type: Contract Industry: Bank Job Number: 1658480

Job Description

Pacific Staffing is recruiting a Senior Loan Administrator to join a highly reputable financial services company at their corporate office in Sacramento. The Senior Loan Administrator is responsible for the administration and management of the Commercial loan process. Pay: $39/hour

The ideal candidate will have at least five years experience working with commercial loans and previous banking experience.

Our client offers a hybrid remote schedule! This is a six-month contract with potential for hire!

  • Act as primary liaison with members, collateral inspectors, appraisers, and title company representatives during all phases of financing.
  • Ensure completeness and accuracy of all application documents before submitting to analyst for analysis and underwriting.
  • Ensure all terms of the loan, as approved, are incorporated in the loan documents.
  • Confirm all closing conditions are met and loans are closed within appropriate time frames.
  • Analyze title insurance commitment reports including title exceptions and prepare title/escrow instructions.
  • Process all types of draw requests and recommend approval.
  • Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy, anti-money laundering, Fair Lending and Truth in Lending laws appropriate to the position.
  • Act on items affecting the disbursement process such as change orders, sufficiency of funds, liens, set asides, restricted starts, etc.
  • May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
  • Performs other duties as assigned.

  • Bachelor s degree or equivalent experience is required.
  • 5+ years of commercial loan administration experience.
  • Maintain knowledge of federal and state laws and regulations pertaining to commercial lending requirements and commercial loans.
  • Exceptional oral and written communication skills.
  • Ability to manage multiple tasks and demands, to work independently with minimal supervision, and to meet deadlines and effectively adjust to changing priorities.
  • Excellent analytical, organizational skills and attention to detail.
  • Ability to calculate figures and amounts.
  • Understand the use of the automated loan origination system.
  • Operate on standard Microsoft programs and other computer operations.
  • Demonstrated ability to work independently and interact collaboratively.
  • Excellent loan administration experience with knowledge of letters of credit, borrowing based lending, multi-phased construction, and multiple collateral properties.
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