What are the responsibilities and job description for the Commercial Loan Document Specialist III position at b1BANK?
Summary
The Commercial Loan Document Specialist III is responsible for timely and accurate productions of all types of commercial loan documentation, including but not limited to large complex credits, participations, and lease transactions; additional responsibilities include ensuring credits are documented in accordance with loan approvals, loan policy and applicable laws and regulation.
Specific Job Functions
- Produce standard loan and collateral documents for all types of commercial loans which comply with bank policy and all federal and state laws.
- Prepare and/or review documentation for both purchased and sold participation loans.
- Review existing loan and collateral documentation to ensure any existing errors or deficiencies are resolved when processing renewals or originating new loans secured
by existing collateral.
- Engage and collaborate with outside counsel, as needed, for loan closings
- Obtain and review all supporting documentation for loans prior to closing, including but not limited to:
- Credit approval and adherence to loan policy.
- Financial reporting requirements and adherence to loan policy.
- Organizational documents for all borrower types to ensure proper borrower authorization.
- Lien searches and Real Estate title documents to ensure the bank’s ability to prefect their lien position.
- Flood determinations and applicable flood insurance to ensure compliance with federal flood regulations.
- Other various insurance types to ensure the bank’s collateral is protected.
- Environmental due diligence documents to ensure policy requirements are met.
- Real Estate appraisals and reviews to ensure policy and regulatory requirements are met.
- Assist with second reviews of loan documentation packages prior to closing.
- Assist with loan documentation personnel in the due diligence and preparation of their loan packages.
Minimum Job Requirements
- Bachelor’s degree in a business or finance related field required.
- Four (4) years of commercial loan documentation experience can be used in lieu of a degree.
- Six (6) – Eight (8) years commercial loan documentation experience required.
- Two (2) years of Laser Pro experience required.
- Strong knowledge of state and federal banking regulations, including but not limited to, HMDA, Fair Lending, Community Reinvestment Act, and the Flood Disaster Protection Act preferred.
- Strong knowledge of real estate documents (Title Opinions, Title Insurance Documents, Mortgages, Appraisals, etc.) preferred.
- Strong knowledge of UCC rules and regulations preferred.
- Strong knowledge of other departments, as they relate to loan operations.
- Strong interpersonal communication.
- Strong organizational and time management skills.
- Strong computer, keyboard, and software application (Microsoft Word and Excel) skills.
Equal Opportunity Employer/Veterans/Disabled
