Loan Operations Specialist

American Business Bank; Los Angeles (CA); On-site; USD 43,000 - 53,000; Full time

Job summary

American Business Bank is seeking a Loan Operations Specialist to perform a variety of duties related to the processing of commercial, real estate, interim construction, SBA and consumer loans. You will book and fund all loan types in the bank's core operating system and conduct a thorough review of new loans and payments.

You will assist lending officers with interest calculations, billings and preparing spreadsheets, while also reviewing daily transactions, OFAC/AML lists, and ensuring

Qualifications

• Knowledgeable about loan types and disclosures.
• Experience reviewing and auditing loans, payments and changes to loan systems.
• Familiar with AML/OFAC screening and compliance processes.

Responsibilities

• Process and fund all loan types (commercial, real estate, interim construction, SBA, consumer) in the core system.
• Review new loans and payments for accuracy; monitor rate changes and ticklers.
• Assist lending officers with interest calculations, billings, and loan-related spreadsheets.
• Review daily transactions and file maintenance for completeness.
• Respond to inquiries and follow up with customers and staff as needed.
• Balance daily work and callbacks; support AML and OFAC reporting requirements.
• Maintain confidentiality of customer loan and account information.

Job description

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Loan Operations Specialist

5 days ago Requisition ID: 1392

Salary Range: $31.25 To $38.46 Hourly

Performs a variety of duties related to the processing of commercial, real estate, interim construction, SBA and consumer loans. Responsible for booking and funding all types of loans in the Bank’s core operating system. Performs a thorough review/audit of new loans, loans payments and non-indicative changes to the loan system. Assists lending officers’ interest calculations, billings and preparing spreadsheets.

ESSENTIAL DUTIES

Knowledgeable of the various types of consumer and business loans including commercial, real estate, interim construction and consumer loans. Maintains complete knowledge of loan types and necessary disclosures.

Secondarily reviews booked loans, daily transactions and file maintenance for accuracy and completeness on activity.

Accesses and reviews reports from the Bank’s OFAC system and FinCEN 314(a) and (b) lists and inquiries; appropriately reports positive hits detected by the Bank’s AML or OFAC software system.

Books and funds all new and renewed commercial, real estate, consumer and SBA Loans with accuracy and efficiency based on loan packages according to Bank guidelines. Monitors rate changes and ticklers on loans.

Completes required forms and verifies required documentation for loan processing, payments, advances, pay downs and payoffs. Processes alterations to existing loans.

Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with customers and/or staff involved.

Assists with and manages projects as assigned.

Balances daily work and callbacks.

Processes, solves and answers customer transactions, problems or inquiries.

Completes administrative tasks correctly and on time and supports the Bank’s goals and values.

Maintains confidentiality of customer loan and account information.