Commercial Loan Servicing Specialist II - Make an Impact

Cathay Bank; Rosemead (CA); On-site; USD 35,000 - 44,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

401(k)

Job summary

Cathay Bank is seeking a diligent Loan Servicing professional in Rosemead, CA to handle post-closing tasks and ongoing servicing of the loan portfolio. You will book loans, process disbursements, maintain ledgers, and respond to borrower inquiries with accuracy and care.

The role requires at least 2 years in commercial loan servicing, proficiency with MS Office, and familiarity with the IBS loan system. Bilingual abilities (English and Mandarin or Cantonese) are a plus in a diverse team

Qualifications

• Education: High school diploma or equivalent; some college courses a
• Experience: 2 + years of commercial loan servicing experience
• Skills/Ability: PC literate, email etiquette and composition, proficiency with MS Office; use of IBS loan system a plus; ability to work in a fast pace environment while maintaining a high level of accuracy; strong problem-solving and organizational skills; ability to read and interpret Laserpro and/or attorney prepared Commercial Loan Documentation; bilingual (English, Mandarin or Cantonese) is a plus.

Responsibilities

• Book new loans, renewals, extensions and modifications in accordance with credit approval and bank’s policies.
• Review daily maintenance, tickler and exception reports
• Manage Internal Control Reports
• Process International loan disbursements and board sub-notes as
• Process GL Entries in People
• Document Gathering for Legal Subpoena.
• Prepare and certify monthly general ledger accounts, as
• Process Rate Conversions and Rate Rollovers Pursuant to Loan
• Respond to borrower, branch, internal partners and others with excellent customer
• Review and clear items from daily exception report.
• Prepare and submit outgoing wires for approval and release.
• Perform basic loan research as
• Additional functions including but not limited to the following:
• Prepare Cashiers Check's
• Prepare GL Tickets for paper checks from Lockbox and regular mail
• Misc System Maintenance
• Process Change of Address Requests
• Process Automatic Payment Requests
• Scan and file work papers and loan documents
• Process incoming wires for payoffs, payments, and pay-downs

Skills

MS Office

Email etiquette

Fast-paced work

Problem solving

Bilingual (English, Mandarin or Canton

Education

High school diploma or equivalent

Some college courses

Tools

IBS loan system

Job description

Cathay Bank is seeking a diligent Loan Servicing professional in Rosemead, CA to handle post-closing tasks and ongoing servicing of the loan portfolio. You will book loans, process disbursements, maintain ledgers, and respond to borrower inquiries with accuracy and care.

The role requires at least 2 years in commercial loan servicing, proficiency with MS Office, and familiarity with the IBS loan system. Bilingual abilities (English and Mandarin or Cantonese) are a plus in a diverse team