Job Details

Legal Staff Paralegal in Kirkland, WA

This job is expired...

Company name

Umpqua Bank

Organization Type

In-House

Job Type

Legal Staff

Practice Area

Real Estate

Years of Experience

Min 8 yrs required

Location

USA Kirkland, WA

Date Last Verified

Apr 02,2018

Posted on

Feb 27,2018

16 hits

Profile

MFD Senior Loan Closing Administrator The candidate will analyze and review various third-party documents and reports, including title insurance, escrow, personal credit, appraisals, environmental, property and liability insurance, and complex borrowing entity structures. In addition, analyze underlying title exception documents with emphasis on impact to lien priority and use of collateral. Identify title, property insurance, zoning, vesting, or other issues that require analysis and resolution prior to approval, documentation and funding of loans. Partner with underwriters to identify credit or property issues that require further investigation and resolution prior to approval. Collaborate with production officers and staff to acquire sufficient information for credit recommendations, to address credit concerns, and to document/close loans. Prepare loan documents, escrow recording instructions and other ancillary documents in form and content that ensures a first lien priority for the Bank's collateral. May conduct peer review of others' loan packages for approval. Complete work in accordance with Umpqua Bank's documented procedures reflected in the Commercial Resource Library and the Multifamily Loan Processing/Closing Procedures. Any exceptions are documented and approved. Demonstrate compliance with all bank regulations that apply to your position, and keep up to date on regulation changes. Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations.

Qualification and Experience

The candidate should have Bachelor's degree or equivalent work experience as a Paralegal or other Real Estate specialty. Should have 8+ years of Multifamily and commercial real estate experience. May be a combination of processing, underwriting, originating, or brokering sales of loans for commercial real estate but must include experience providing a strong knowledge of real estate loans, loan documentation requirements, and state real estate regulations and requirements. Extensive knowledge of standard concepts, practices, and procedures within the multifamily and commercial real estate (investor owned income property) lending field is needed. Extensive knowledge of real estate legal principles, including lien priority law and regulations, pertaining to multifamily and commercial real estate is essential. Proven ability to analyze preliminary title reports, credit reports, flood maps, survey and other land development reports. Experience with large commercial properties is a plus. Advanced skills in database, spreadsheet and word processing software (Microsoft Office Suite preferred) is needed.

Additional info

Req Number: 18-63

Company info

Hiring Coordinator
Umpqua Bank
230 Main Street Kirkland Square
Kirkland, WA 98033