Commercial Loan Paralegal

Compensation

: $66,270.00 - $156,310.00 /year *

Employment Type

: Full-Time

Industry

: Legal



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RESPONSIBILITIES:

Kforce has a client in search of a Commercial Loan Paralegal in Brea, CA. Major Responsibilities: 50%: Documentation Preparation:
  • Job responsibilities include review of credit approval and due diligence items and loan documentation preparation to ensure transaction complies with Bank policy and procedures and governing regulations
  • Act as key liaison with account officers, borrowers, title company representatives and attorneys
  • Ensure protection of the Banks interest while working with account officers to provide a high level of customer service
  • Ensure loan documentation complies with Banks operational requirements and can be serviced on Banks system of record
  • Utilizing existing forms, draft standard loan documentation, including loan agreements, promissory notes, guaranties, subordination agreements, intercreditor agreements, subordination, non-disturbance and attornment agreements, default letters, amendment letters, waiver letters, consent letters, demand letters, confidentiality agreements, and amendments
  • Prepare customized drafting for covenants and other credit documentation requirements with guidance from Commercial Banking Group attorney
  • Review organizational documents, preliminary reports, trust documents, leases, customized loan documentation prepared by the Bank's documentation centers, and various other documents in connection with loan transactions
  • Prepare correspondence to borrowers and their counsel
  • Obtain information from borrowers and their counsel
20% Loan Closing:
  • Review of executed loan documents to determine they have been properly signed, initialed and/or notarized
  • Prepare closing instructions and transmission of loan documents for recording to title/escrow, as applicable
  • Determine that all preclosing requirements and exceptions are satisfied or appropriate waivers are obtained


Job Requirements:

REQUIREMENTS:

  • Bachelor's degree preferred
  • Paralegal certificate required
  • Minimum 10+ years of direct and in-depth work experience in commercial loan processing, documenting and funding loans with general knowledge in all areas of Loan Processing and/or Funding processing including experience in syndicated/participated transactions and/or SBA lending
  • In-depth knowledge and understanding of commercial loan documentation and/or business loans, all applicable Federal regulations and requirements and commercial lending guidelines
  • Ability to work in a fast-paced, high-volume environment
  • Ability to work independently and to make informed decisions
  • Strong reasoning and analytical skills
  • Ability to follow instructions with attention to detail
  • Exceptional verbal, written and interpersonal communication skills
  • Strong knowledge of the Microsoft Office suite, including Word, Excel, Outlook and PowerPoint, and Westlaw
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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