Job Description

Senior Loan Coordinator

The Senior Loan Coordinator will work with Commercial Loan Processing, Relationship Officers, Relationship Managers, Directors and Division Managers to obtain necessary documents from clients to prepare a complete and accurate set of loan documents. The level of experience varies based on prior work experience, both inside and outside of the Company.

Senior Loan Coordinators provide operational support to Commercial Banking Officers in the ongoing management of WaFd Bank's portfolio of commercial loans as it relates to loan origination and funding, construction draw administration, compliance monitoring, regulatory adherence, collateral perfection, recordation and valuation, as well as general loan administration.

WaFd Bank is proud of the high value that we all place on simply being kind when serving our co-workers and clients.

• Builds and maintains productive relationships with existing clients.
• Prepares correspondence to prospective clients.
• Initiates credit and title reports, and appraisal orders for review by the Department.
• Responsible for processing and closing loans according to the Bank's policies and procedures and regulatory guidelines.
• Participates in business development and referral activities.
• Coordinates with Commercial Loan Processing to provide all required loan documents necessary to perfect our security interest, as required by Credit Administration.
• Delivers excellent customer service to the internal customers in the execution of all assigned business processing duties and within service level standards.
• Opens escrow with title/escrow companies and sets up escrow files; orders payoffs.
• Coordinates and facilitates initial loan booking/funding; reviews and approves loans and documents and resolves any title or other issues prior to loan closings
• Coordinates with in-house experts or outside legal counsel on technical transactions.
• Sets up the loan file, including preparation of loan documentation.
• Coordinates closing with the escrow company.
• Prepares boarding instructions.
• Follows up on funding requirements and on any post-closing required loan documentation.
• Follows the Bank's Information Security policies, ensuring that all customer information and confidential bank information is processed and handled in a secure manner and environment.
• Completes special projects, as assigned by Manager.
• Provides administrative and operational support to lending personnel, including clerical duties, related to loan closing and funding, weekly construction draw administration with subsequent loan advances and borrowing base tracking.
• Responsible for loan (relationship) exception tracking, identifying, curing and evidencing with proper file documentation.
• Manages local online file storage and document management (i.e., OnBase).
• Maintains corresponding insurance files for all borrowers and loans (including, but not limited to, Builder's Risk and General Liability policies).
• Assists with field audits as it relates to collateral monitoring, as requested.
• Reviews and balances HUD-1 closing statements for verification of accuracy; approves funding disbursements and initiates initial funding wires, etc.
• Reconciles, verifies and implements monthly unit interest billings for applicable Guidance Lines of Credit.
• Prepares annual property tax payment audit.
• Reviews, balances and maintains record-keeping for all legal and professional billings, including timely submission for payment, and obtaining appropriate approval documentation for all expenditures.
• Facilitates recommendations to divisional management for policy inconsistencies and recommends revision implementation.
• Communicates status of loan portfolio to management, including level of exception reporting, past due collections and loan maturity management.
• Oversees daily teller drawer; loan disbursement balancing and management.
• Adhere to bank policies and procedures designed to comply with federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations. To that end, ensure timely and accurate preparation of Currency Transaction Reports, Suspicious Activity Reports and other recordkeeping requirements.

Qualifications

Education/Skills/Training:

• Bachelors Degree, or High School equivalent plus relevant experience
• A strong understanding of business lending terminology is required.
• Ability to comprehend business loan supporting data and related data, including appraisals, environmental reports, title reports, borrower structures, leases.
• Ability to organize and prioritize work assignments in a consistent manner to ensure timely and efficient production.
• Ability to deal effectively and professionally with internal and external customers.

• Preferred five to seven years of experience in business loan processing and documentation.

Benefits

At WaFd Bank you get all of these great benefits!

• Paid time off for vacation, sick days and holidays
• Health insurance
• Stock options
• Bonus programs
• Generous 4% 401(k) matching plus a generous 3% annual contribution, 7% total employer contribution
• Paid Parental Leave
• Life and AD&D insurance
• Long-term disability
• Tuition Reimbursement
• Employee assistance programs
• Pre-tax health and dependent-care spending plans

EEO Statement

We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and/or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375

EEO Policy Statement - WaFd Bank

Know Your Rights: Workplace Discrimination is Illegal - click here for more information

California Consumer Privacy Act- CCPA 2025

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