May Xiong
SeaTac,WA
Overview
30
30
years of professional experience
Work History
Commercial Legal Documentation Administrator
Boeing Employee’s Credit Union- WA
05.2013 - Current
- Establishes legal parameters for requested alterations to BECU’s standard commercial loan language
- Manage outside legal counsel’s involvement in large dollar, complex or outer market loan requests, including all communications and process management of credits between the business unit and external legal representation
- Review for accuracy all outside legally prepared loan documents and work with the Business Team to ensure the loan is properly boarded into the core system
- Oversees legality of new commercial loan programs (e.x.: SBA, Construction and C&I lending expansion) to ensure proper legal and operational compliance, coordinating across business lines and with the Director of Business Lending Operations to ensure legal and operational set up is efficient and appropriate
- Manages test updates of business loan documentation platform
- Review contracts to assess requested changes to Standard SNDA language, negotiation potential changes directly with borrower
- Reviews and maintains managerial reports regarding approved loan documentation changes that should be monitored by legal, credit risk and the business unit
- Review all commercial leases to determine if there is language in the leases that can exposes intuition to undue risk
- Manages potential risk by responding and negotiation with external parties
- Serve as primary contact with internal credit review partners in regard to credit review exams directly related to Loan Administration functions.
Manager, Production Support
BECU
- Manage operational aspects of the department and lead efforts related to employee development, system enhancements and process improvements
- Provide ongoing coaching, mentoring and training of direct reports to develop and encourage employee performance
- Meet with direct reports on a timely basis for the purposes of conducting performance evaluations and feedback sessions
- Discuss and review job growth planning with team
- Manage departmental file achieving processes while adhering to compliance and retention policies
- Ensure compliance with the various federal, state and other regulatory agencies that relate to areas of responsibility and coordinate with other credit union personnel, departments and interested third parties as needed
- Provide support for audit related inquiries as well as assist with ongoing review and maintenance of department records in compliance with their respective agencies
- Work directly with Relationship Managers and customers
- Review and monitor tickler reports for timely receipt of required financial information and covenant measurements
- Ensure commercial banking files are complete and accurate and customer’s needs are met
- Demonstrate compliance with bank policies, regulations and job responsibilities.
Lead Quality Assurance
Washington Federal – WA
04.2012 - 05.2013
- Act as liaison between loan documentation staffs and Relationship Managers to ensure timely perfection of loan documentation
- Perform quality control of all loan documents prior to release for Borrower signatures
- Examine executed loan documentation for perfection prior to submission for loan booking
- Packaging and submission of SBA 7a packages for SBA’s secondary review/approval
- Coordinate with Borrowers, Loan Documentation, Third Party Vendors and Participant Banks for loan processing, execution of documents and closing of credit facilities.
Supervisor - Loan Documentation / Operations
WASHINGTON FIRST INT’L BANK – WA
10.2010 - 06.2012
- Supervise four loans documentation staff members while assisting Relationship Managers with loan portfolio management and underwriting
- Act as liaison between loan documentation staffs and Relationship Managers to ensure timely perfection of loan documentation
- Perform quality control of all loan documents prior to release for Borrower signatures
- Examine executed loan documentation for perfection prior to submission for loan booking.
Supervisor - Loan Documentation / Operations
FIRST INDEPENDENT BANK – WA
06.2008 - 03.2010
- Assist Relationship Managers with excess of $70 million in total loan portfolios with various analyses including but not limited to tax returns, income analysis, financial statement analysis, sensitivity analysis, business analysis, budget reviews, projections and accounts receivable analysis
- Process loans and generate loan documents for consumer and commercial loans
- Perform Deed of Trust reconveyances (full, partial and without satisfaction reconveyances), release of assignments, mortgage warehouse line management, UCC and loan document management.
Commercial Loan Documentation/Supervisor
BANK OF AMERICA – WA
06.1992 - 03.2010
Timeline
Commercial Legal Documentation Administrator
Boeing Employee’s Credit Union- WA
05.2013 - Current
Lead Quality Assurance
Washington Federal – WA
04.2012 - 05.2013
Supervisor - Loan Documentation / Operations
WASHINGTON FIRST INT’L BANK – WA
10.2010 - 06.2012
Supervisor - Loan Documentation / Operations
FIRST INDEPENDENT BANK – WA
06.2008 - 03.2010
Commercial Loan Documentation/Supervisor
BANK OF AMERICA – WA
06.1992 - 03.2010
Manager, Production Support
BECU
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