East West Bank · 2 months ago
Commercial Loan Closing Administrator
US-TX-Houston
Full-time
Onsite
Entry, Mid Level
$24/hr - $34/hr
2+ years expEast West Bank is a top-performing commercial bank that serves as a financial bridge between the East and West. They are currently seeking a Commercial Loan Closer responsible for coordinating loan closing and funding activities, ensuring compliance with policies and procedures, and liaising among various parties involved in the loan process.
BankingFinanceFinancial Services
Responsibilities
Function as a liaison between portfolio managers, underwriters, escrow, title, closing agents, attorneys, and all interested parties to coordinate closing and funding activities
Coordinate with loan documentation department and loan funding department throughout the process
Collaborate with customers, outside counsel & Portfolio Managers/Underwriters to obtain all necessary documents needed for closing and funding
Communicate with commercial lending officers, portfolio managers/underwriters or other office personnel, attorneys
Ensure all pre-funding requirements are met
Collaborate with Outside Counsel, lending staff, credit supervision, and compliance, to ensure compliance with all applicable policies and procedures in support of Loan Closing
Ability to troubleshoot closing related issues
Read loan documents to ensure consistency with our approval
Set up loan documentation and funding request onto the Bank’s internal loan closing/funding system
Prepare outside counsel consistency letter
Coordinate the receipt and distribution of due diligence items
Maintain and manage the closing checklist to ensure that closing counsel and internal parties have received all required documents to review and close the loan
Maintain a critical schedule and monitor all parties involved in the closing/funding process to ensure deadlines are met
Maintain checklists of client requirements
Coordinate with portfolio managers/underwriters, borrowers, third party agencies and internal departments to make sure items are submitted in a timely manner related to closing
Maintain loan files during the closing process
Call back loan folders to ensure files are completed post-closing
Provide necessary items and loan documents to loan closing department post-closing
Provide necessary items for law firms to prepare closing binders
Pursue the resolution of various issues during the due diligence/closing process
Communicate East West Bank’s due diligence requirements with borrowers such as insurance requirements
Prepare internal closing fee schedule as applicable
Provide information needed to funders and our Escrow agents for closing statements
Ensure proper internal approvals obtained during each phase of the closing/funding process
Follow-up on receipt of the original executed loan documents, as well as any other post-closing obligations
Monitor internal third-party costs throughout the closing process
Ensure payment of third-party consultants (including legal) at closing
Perform other duties as assigned
Qualification
Required
Bachelor's degree in finance or accounting preferred or equivalent experience
2+ years of related experience in commercial loan documentation, funding and closing
Strong data entry skills and accuracy required
Working knowledge of rules, regulations and policies concerning banking services, particularly with commercial lending and related loan documentation
Ability to prioritize and multi-task in a high-pressure fast paced environment
Knowledge of and ability to interpret LaserPro or outside counsel-prepared commercial loan documents is a plus
Proficient in Microsoft Excel
Knowledge of all aspects of loan documentation specifically those prepared by Attorneys
Effective Professional interpersonal, written, and verbal communication skills
Company
East West Bank
East West Bancorp is a publicly owned company with $22 billion in assets. The Company’s wholly owned subsidiary, East West Bank, is one of
1001-5000 employees
H1B Sponsorship
East West Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (42)
2024 (41)
2023 (37)
2022 (57)
2021 (47)
2020 (59)
Funding
Current Stage
Public CompanyTotal Funding
unknown1999-02-08IPO
Leadership Team
Christopher J. Del Moral-Niles
EVP & Chief Financial Officer
Diana Liu
Executive Assistant and Project Manager
Recent News
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