Lead of Loan Operations
Flushing, NY (on-site)
Fluent in Korean is required
Salary - 90-120k base + bonus
Experience: Minimum of 6 years in a similar role required
Key Responsibilities:
- Loan Application Management: Review and assess loan applications, conducting interviews with prospective borrowers.
- Credit Memo Preparation: Draft and prepare credit memorandums for new loan submissions.
- Loan Closing Activities: Oversee the closing process, including collecting necessary documents from clients, verifying legal documents via LMD, and coordinating the loan closing procedure.
- Collateral Management: Manage collateral by keeping property insurance and real estate tax payments up-to-date.
- Loan Administration: Update credit documents and manage collateral information as needed.
- Annual Review Compliance: Conduct yearly reviews in alignment with the Lending Policy.
- Site Visits: Perform on-site visits as required.
- Loan Modifications: Prepare credit memorandums for loan renewals, extensions, refinancing, and other modifications for maturing loans.
- Loan Monitoring: Follow up on overdue loans and address problem loans.
- Compliance Oversight: Implement and ensure compliance with BSA/AML regulations.
- Customer Verification: Execute Customer Identification Program (CIP) and perform Know Your Customer (KYC) processes, including OFAC Reporting.
