Job Details

Legal Staff Paralegal in San Diego, CA

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Company name

BofI Federal Bank

Organization Type

In-House

Job Type

Legal Staff

Practice Area

Finance - Banking
Real Estate

Years of Experience

Min 5 yrs required

Location

San Diego, CA

Date Last Verified

Jun 12,2018

Posted on

Mar 15,2018

98 hits

Profile

CRE Loan Operations Manager The candidate will review of closing checklists and needs lists associated with commercial and real estate loan products. Assist with collection of documents required from borrowers including, borrower and guarantor tax returns, personal financial statements, tax verifications and Environmental Questionnaires. Creation of borrower and guarantor profiles within banking systems of record; work with customer service bank personnel to establish requisite deposit accounts, and interest reserve accounts. Obtain and review borrower and guarantor entity documents including Articles of Incorporation and Organization (Corporations and LLCs), Bylaws and Operating Agreements, organizational charts, and internal bank forms requiring borrower signatures; obtain and/or work with outside counsel to order Good standing certifications within required timelines. Perform required compliance on all borrower/ guarantor entities and individuals, including OFAC Searches, tax identification verification. Confirmation of Borrower collateral location; ordering and tracking of third party reports including: Preliminary Title reports, Proformas and Title Commitments, Flood Certifications, Environmental Assessments (Phase I and II reports)Review of Title reports. Understanding of title exceptions and title policy coverage including required endorsements. File management; checklist management and legal document control. Continuous communication with team members including loan officers, loan underwriters, in-house counsel and analysts regarding status of documents and closing status. Onboarding of preliminary information into various bank systems for pre-closing, closing, and funding. Review of Loan Approvals ("CAM") forms, including reviews of covenants required to close, loan documentation exceptions, required covenants for financial reviews and calendaring of specific target dates (for loan administration purposes). Review of loan documents to insure compliance with bank policies, procedures and approvals. Assist with department development and training. Compliance with all internal procedures and policies; understanding of banking regulations and completion of compliance modules on an annual basis. Should have 5+ years experience as a commercial real estate loan administrator, loan operations administrator, real estate paralegal or related commercial or real estate experience. Undergraduate degree or equivalent experience is essential.

Additional info

Job ID: 2018-2165

Company info

Hiring Coordinator
BofI Federal Bank
4350 La Jolla Village Drive
Suite 140
San Diego, CA 92122