What are the responsibilities and job description for the Loan Documentation Specialist position at Banco Popular Puerto Rico?
Date : Feb 18, 2025
Location :
New York, NY, US, 10004
Company : Popular
Workplace Type : Hybrid
Loan Documentation Specialist
US Loan Closers
We are currently sourcing for a Loan Documentation Specialist. This position will be responsible for closing due diligence and documentation of commercial loans in the Loan Documentation team in Popular Bank.
In this position, you will :
Receive and review requests for closing commercial, real estate, construction, SBA, and franchise loans.
Responsible for effectively processing loan requests under minimum level of supervision, by obtaining, verifying, completing and maintaining all necessary loan documentation.
Review and research lit / lien, title searches and title commitments and work with loan officer to clear all exceptions.
Ensure that all formation documentation such as Articles of Incorporation, Filed LP-1 (for Limited Liability Companies, Limited Liability Partnerships), Partnership Agreements, Operating Agreements, Certificates of Trust, Certificates of Good Standing, etc., is included in the loan package, as applicable.
Review types of collateral being taken by the Bank, for appropriate documentation and to ensure Bank’s ability to perfect its position.
Upload documentation requests onto LaserPro application to produce loan documents for closing.
Coordinate closings with title companies for real estate transactions.
Funding : Review loan documentation packages to ensure that all required documentation is signed and included.
Funding : Ensure the accuracy of wire instructions, obtain insurance certificates, verify CD holds, verify checking account openings, obtain proof of UCC filing, , and obtain any other documents as required.
Maintain and update in-house loan tracking system on a timely basis.
Maintain a specialized knowledge of the documentation department’s function, terminology, policies and procedures, and related laws and regulations at the local, state and federal levels.
To be considered, you will need :
Have strong analytical / math skills to identify and resolve problems.
Provide service excellence by identifying key client business issues, determining client needs by supplementing the standard assessment techniques and tools with innovative approaches, evaluating and validating analysis and developing recommendations for the business.
Strong oral and written communication skills including presentation skills.
Detail-oriented and able to take initiative in owning multiple projects.
Must be proficient with Microsoft Office.
High school diploma or general education degree (GED) with a minimum 2 to 4 years prior banking / lending experience and / or training.
LaserPro knowledge a must.
Metavante experience is highly preferred.
Base Salary & Benefits
Our base salary for this position located in New York generally ranges between $31.83and$37.14 hourly, depending on business need and on your qualifications and experience. Base salary does not include incentive compensation, commission, or any other type of remuneration or benefits.
In addition to salary, Popular's well-rounded benefits package for regular full-time and part-time employees includes a comprehensive health plan, flexible time off options, and savings and investment plans. Seasonal / temporary employees are not eligible for these benefits.
Important : The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.
ABOUT US
Popular is Puerto Rico’s leading financial institution and have been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.
As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.
We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and / or natural disasters. Popular’s employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.
If you have a disability or need more information about requesting an accommodation, please contact us atasesorialaboral@popular.com.This email inbox is monitored for such types of requestsonly. All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.
Are you ready for a rewarding career?
Popular is an Equal Opportunity Employer
Learn more about us at www.popular.com and keep updated with our latest job postings atwww.jobs.popular.com.
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Salary : $32 - $37
