East West Bank

Loan Operations Supervisor

East West Bank$71K — $110K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, Business Administration, or Economics.
  • 5+ years of experience in the loan operations industry.
  • 1+ years of management experience.
  • Strong knowledge of loan operations rules, regulations, and compliance requirements.
  • Demonstrated customer service skills.
  • Proficient analytical and problem-solving abilities.
  • Excellent verbal and written communication skills.
  • Familiarity with FIS, BlackKnight, Synergy, and Cash systems preferred.
  • Advanced proficiency in Microsoft Excel.

Responsibilities

  • Supervise loan operations team, including hiring, training, and performance management.
  • Direct activities to meet regulatory turnaround times for loan processing.
  • Assist staff in resolving complex loan servicing issues.
  • Ensure compliance with loan agreements and regulatory requirements.
  • Adapt processes in response to new laws and regulations, such as BSA/BO and TRID.
  • Deliver customer service support to both internal and external clients.
  • Handle audit requests and remediate noncompliant processes as needed.
  • Oversee loan purchase and sale activities in coordination with various departments.

Benefits

  • Comprehensive health benefits package.
  • Retirement savings plan with employer match.
  • Opportunities for professional development and continuing education.
  • Flexible work hours when possible.
  • Generous paid time off policy, including sick and vacation days.
Full Job Description
Overview

The Loan Operations Supervisor is responsible for the day to day supervision within a Loan Operations Team. Direct supervision and processing include but are not limited to; customer complaints and research, payment processing and other financial activities, Demands & Payoffs, Adjustable Rate Management, Investor Reporting, Syndication, SBA processing. Responsibilities also include Loan Monitoring relative to Escrow, Tax & Insurance, Covenant, Collateral, etc. Oversight to all applicable regulatory compliance relative to Loan Operations, GL Reconciliation and Quality Control of the department is part of this role.

Responsibilities
  • Responsible for the direct supervision of the loan operations team including but not limited to; interviewing candidates, coaching, training, setting performance requirements and goals, developing and delivering scorecards, metrics, and conducting performance reviews.
  • Direct loan operations activities to meet established goals and appropriate turnaround time to meet regulatory requirements for time sensitive activities.
  • Assist loan operations staff with servicing of loan by performing research to resolve complex issues ensuring timely updates are provided.
  • Ensure Risk Mitigation in the processing of Loan Activities ensuring compliance with Business Loan Agreement, Promissory Note and Regulatory Compliance requirement and timely reconciliation of General Ledger Accounts and Maintenance of Legal Documents and electronic files.
  • Implement necessary changes within the Loan Operation Unit to comply with any new or changed laws. Included in this process are: BSA/BO,TRID, RESPA, SCRA, FACTA, GLBA, FDCPA, USAP, CRA, etc.
  • Provide customer service to internal and external customers.
  • May respond to internal and external audit request and findings and work to remediate any identified noncompliant processes or areas of concern.
  • May process loan operations activities in absence of staff members or peak volume
  • Process & Supervise Loan Purchase and Sold Activity and support manager in collaboration with Treasury Dept., Accounting, Leverage Lending, Syndication and other lines of business.
  • Provide updates and training to staff on new and upcoming regulation changes and process improvements including documented procedures.
  • Ensure that Loan Operations complies with all federal, state, local laws and internal Bank policies.
  • Document all procedures for functions and activities within the Unit
  • May create Management reports as requested
  • May provide User Acceptance Testing on the loan System based on new products and/or processes
  • May work on special projects as assigned by Manager related to the Data Accuracy and accurate compliance requirements.
  • Perform other duties as assigned.
Qualifications
  • Bachelor Degree in Finance, Accounting, Business Administration, or Economics.
  • Minimum 5 years of experience in the loan operations industry
  • Minimum 1 years management experience
  • Strong knowledge of rules, regulations and compliance requirements concerning loan operations specific to the areas of oversight
  • Strong Customer service skills required
  • Strong analytical and problem solving abilities
  • Excellent verbal and written communication skills
  • Firm understanding of current best practices in the Loan Operations Industry
  • FIS, BlackKnight, Synergy, Cash system knowledge preferred
  • Proficient in Microsoft Office with advanced Excel skills required
  • Ability to build effective relationships as needed to effectively address issues and obstacles
CompensationThe base pay range for this position is USD $71,000.00/Yr. - USD $110,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

About East West Bank

East West Bank is a bank based in California that provides personal and commercial banking services. The bank was founded in 1973 and has grown to become one of the largest banks in the United States. East West Bank has over 120 locations in the United States and China, and offers a range of financial products and services to its customers. The bank is committed to providing excellent customer service and helping its customers achieve their financial goals.
Learn more about East West Bank
Size
3,100 employees
Market Cap
$9 billion
Industry
Net Income
$567.8 million
Founded
1998
5 Year Trend
+7.3%
NASDAQ

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