Senior Loan Documentation Administrator

Description

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly‑owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship‑based business banks focused on providing banking and treasury management services to small, middle‑market, and venture‑backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full‑service branches throughout California and Denver, Colorado, as well as full‑stack payment processing solutions through Banc Edge.

The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace.

We are committed to supporting your growth and well‑being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®

Responsible for preparing loan documents once a request is made by the applicable region/business unit, Loan Administrator. The Senior Loan Documentation Administrator is responsible for performing all essential duties related to Loan Documentation. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.

• Handle preparation of non-complex to low-complex loans on Laser Pro or Word-based documents in accordance with bank policies, procedures and credit approval.
• Maintain specialized knowledge of the loan documentation and processing functions, terminology, policies and procedures and may be required to perform the due diligence requirements for commercial loan purchases.
• Review the loan file for accuracy and completion as needed for preparation of loan documents, including without limitation, BSA documents, entity documents, appraisal information, preliminary reports and searches.
• Identify any open items within 24 hours of loan assignment and notify the Loan Administrator and Relationship Manager. Manage and update open items list as received and reviewed.
• Review preliminary title reports, exceptions, and plotted easements and survey if applicable to identify any potential issues, discuss with the Loan Administrator or Business Unit representative as to the course of action; if applicable, compare to the proforma title policy ordered by the Loan Administrator. Request revisions directly with the Loan Administrator/Business Unit representative, if any, as it relates to loan documentation.
• Prepare and review all types of loan documents, which may include, Loan Agreement, Note, Guarantee(s), Subordination Non-Disturbance Agreement (SNDA)’s, Security Agreements, loan assignments, assumptions and modifications, etc., confirming the loan documents accurately reflect the credit approval and conform to Company policy and regulatory requirements.
• Ensure Loan Administrator has obtained Certificate of Good Standing from Secretary of State (dated within 90 days of closing) for Borrower, Guarantor, and Managing Member as it relates to the preparation of loan documentation.
• Complete the Loan Document Review Checklist and submit to the designated loan document reviewer for review and execution.
• File all collateral related Uniform Commercial Code (UCC)-1 (state level).
• Perfect motor vehicle title collateral.
• Ability to work independently with minimal supervision.
• Provide backup support to the Loan Administrators, as requested/needed in the loan closing and loan funding process, including, without…