Commercial Bank of California

Loan Specialist

• Perform post-closing loan servicing duties for real estate, construction, commercial, consumer, SBA, letters of credit, and asset-based loans
• Process loan boarding and loan fundings at closing
• Process loan payments, billings, paydowns, advances, callbacks, payoffs, balancing, shadow accounting, non-posts, system reports, and posting entries
• Process paperwork for disbursement of loan funds and board new and modified loans in the loan accounting system
• Input loan, customer, collateral, and tickler data based on executed loan documents and credit approval
• Perform loan maintenance activities, including address changes, late charge waivers, automatic payment changes, payment adjustments, billing adjustments, interest changes, and tickler updates
• Prepare demand letters for loan payoffs or paydowns
• Research note histories, billing problems, and payment postings in response to branch requests
• Escalate complex issues to the Note Department Manager or Assistant Manager
• Process incoming and outgoing wires
• Provide loan servicing support to other departments and business units within approved Service Level Agreements
• Review daily computer-generated reports to ensure GL information balances with loan system data
• Clear non-posted transactions and correct out-of-balance conditions
• Prepare reconveyances for loan payoffs and partial reconveyances
• Prepare monthly certifications
• Ensure compliance with applicable state and federal banking regulations and policies, including BSA/AML/CIP, CRA, OFAC, Fair Lending, Regulation CC, GLBA, and information security requirements
• Attend training and maintain knowledge of procedures governing financial institutions
• Perform other departmental duties as assigned

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Loan Servicing Specialist II