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AVP, SBA Closing Officer

Chinatown, Los Angeles, CA, USA Req #615
Tuesday, August 6, 2019

About Cathay Bank 
 
More than half a century ago, we opened our doors at Cathay Bank to serve the growing Chinese American community in Los Angeles. We helped our customers put down new roots with cars and homes, and we supported their businesses, which continue to sustain generations. We remain committed to enriching the journeys of our customers and the diverse communities we serve.

Over time, we’ve expanded along with our customers. Today, we’re a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly held bank holding company. We operate in nine states across the United States, including California, New York, Illinois, Washington, Texas, Maryland,Massachusetts, Nevada, and New Jersey, and we have outposts in Hong Kong, Beijing, Shanghai and Taipei. Forbes named us the #10 Best Bank in America in 2019.

Along with our extensive experience and innovative thinking, we bring an open mind to every interaction and a willingness to work with customers and communities in ways that best suit their needs. Our lines of business include personal banking, home mortgages, business banking, corporate lending, cash management, SBA loan programs, community lending, international banking, foreign exchange, and wealth management.

What’s Next

Are you passionate about a potential career in the financial services industry? Cathay Bank is excited about what’s to come for our company and customers. Our employees are the reason our customers can get where they want to go and aspire to what’s next.

If you bring your best self to work, see opportunities instead of obstacles, and always want to advance in your career, then Cathay Bank may be a great fit for you. We’re excited to offer our employees opportunities to grow and develop in their career journey. We also provide the resources, support and freedom so that employees can best deliver an extraordinary customer experience.

Join Cathay Bank—and be energized by what’s possible for your career!

GENERAL SUMMARY

The AVP, SBA Closing Officer’s primary responsibility is to ensure compliance with SBA requirements, as well as, recognize and proactively resolve problems in the closing process to ensure accuracy and completion of all necessary loan documents. In this role you will work closely with the Closing Manager, attorneys, and other third-parties throughout the closing process to ensure the completeness and accuracy of all information.

ESSENTIAL FUNCTIONS

1. Prepares closing checklists and works directly with borrowers to collect required documents.
2. Communicates regularly with borrowers to answer questions and ensure understanding of loan process.
3. Reviews all documentation collected to ensure all loan requirements are met prior to closing.
4. Reviews and approves settlement statements prior to loan closing.
5. Reviews and documents borrower’s equity requirements.
6. Prepares SBA 7a and GP loan package, obtains SBA approval through ETRAN and prepares SBA 7a authorization to meet bank loan approval requirements.
7. Funds loan draws in accordance with the SBA and bank required documentation.
8. Issues cashier checks to pay all necessary loan related fees and costs. 
9. Generates monthly production reports and prepares the G/L and SBA Bank Control Account Certifications.
10. Tracks loan referrals within the Bank and prepares loan broker referral fee after loan closing with loans involving loan brokers.  
11. Images loan files after closing and ensures all post funding docs are in appropriate files. 
12. Assists manager with testing of system processing and release, documenting and update procedures, and researches complex customer problems and inquiries. Assists manager with eligibility approval process


QUALIFICATIONS

Education: College degree in accounting, finance, or business preferred 

Experience: Minimum 6-7 years independently closing and packaging SBA 7(a) and 504   
                                   loans. 

Skills/Ability: PC proficient and detail oriented.  Working knowledge of the most current version of the SBA Standard Operating Procedures.  Strong verbal and written communication skills. Bilingual (English/ Mandarin or Cantonese) is a plus.



Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Private Policy.

Cathay Bank is an equal opportunity employer. It is the Bank’s policy to provide equal employment opportunities to all qualified applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Cathay Bank endeavors to make www.CathayBank.com  accessible to any and all users.  If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Lori Burquez, VP, Sr. Employee Relations Manager, at (626) 279-3666 or lori.burquez@cathaybank.comThis contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

 

Click here to view the EEO is the Law poster in English. Poster- English

Click here to view the EEO is the Law supplement in English.Supplement- English

 

Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish

Clic aquí para ver la EEO es la Ley suplemento en español.Supplement- Spanish

 

击这里查看EEO是法律海报的中文Poster- Chinese

击这里查看EEO是法律和补充條例的中文"Supplement- Chinese

Other details

  • Pay Type Salary
  • Chinatown, Los Angeles, CA, USA