Loan Lease Servicing Specialist I

Summary: This position is primarily responsible for partnering with team members and providing production/administrative support to the Operations/Equipment Finance Dept. while learning service standards towards Third-Party Originators and Bank Clients. Entry-level processor position training with bank regulated guidelines and procedures, preparing documentation for Third-Party Originated (brokers/lessors) and bank referred transactions, performing reasonable due diligence with respect to all transactions discounted/assigned, and verifying lease and loan assignment documents for advances, under approved guidelines of credit. Begin training processes for Funding and Booking procedures as Documentation responsibilities are strengthened.

Salary Range: The salary range in CA for this position is $46,200/yr to $62,900/yr and represents the Company's good faith minimum and maximum range for this role at the time of posting.

The Company also offers a full range of benefits, including medical, dental, vision, and 401K match. Other rewards may include annual performance-based bonuses and wellness days.

Duties and Responsibilities:

• Understands and complies with requirements of all laws and regulations applicable to the position
• Upon approval, prepare documents for Third-Party Originators and otherwise coordinate the documentation process
• Review transaction details in the front-end system to ensure accuracy of borrower and guarantor information
• Submit complete document package to Operations Manager for review
• Review documentation for submission by brokers, lessors, and internal transactions to verify accuracy and completeness of package – check for approval exceptions, errors, and support documentation
• Work with Operations Manager to determine if documentation is sufficient to fund a transaction
• Process each assigned transaction for funding, pre-funding, or progress payment request; according to approval guidelines for both borrower/ lessor and by type of transaction (e.g., term, contract type, guideline or borrowing baseline, etc.)
• Process additional information as received, processed, stored, and distributed as required in a paperless, electronic format
• Perform due diligence procedures for each transaction assigned, including a review of prior contracts assigned, limits per borrower, lien perfections status, warehouse time limits, and any other parameter related to a particular contract or borrowers
• Confirm calculations of contract payments and repayment amounts according to guidelines for the type of transaction
• Prepare funding documents for each advance
• Submit the funding package to the Operations Manager for review and funding
• Communication with Third-Party Originators and/or First Foundation Bank Referral Source throughout the documentation and funding process
• Prepare and submit booking packages to the third-party service provider
• Submit missing items for tickler follow up
• Follow up with broker/lessor for all missing items, including recorded UCCs and tickler follow-up on open items as required
• Coordinate efforts to provide necessary data to the service provider to properly record and begin the appropriate billing process. Perform other duties as assigned (i.e., booking to service provider)
• Maintain familiarity with the transactions and activities for which the group is responsible

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education and/or Experience:

• High School Diploma or equivalent required; Bachelor’s degree in a related field preferred
• 1-3 years of related experience preferred
• Must be familiar with finance-related industry and applications

Skills

• Must be able to handle workflow and data processing and assist in developing and implementing appropriate controls and safeguards
• Must be able to work independently with minimum supervision and instruction
• Must be able to perform work at a pace appropriate to a given workload
• Exceptional judgment skills are needed for assuring accurate documentation and compliance
• Must possess excellent problem solving, decision making, and organizational skills
• Must be detail-oriented while effectively multitasking to meet deadlines
• Must be a strong team player; work well with others
• Must possess a high degree of professionalism
• Visible supporter of the mission, vision, and values of the bank
• Excellent written and verbal communication skills are required
• PC proficiency in Microsoft Word and Excel (including reading/writing formulas) or the demonstrated ability to transfer skills developed in competitive applications

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

While performing the duties of this job, the employee is regularly required to sit for long periods of time; use hands to operate controls on the computer; reach with hands and arms for phone and computer work; to communicate on the phone while wearing a headset for extended periods. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. This job description is subject to change at any time.

First Foundation is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.