Loan Documentation Specialist

POSITION DESCRIPTION :

This position is part of the overall Loan Operations Team that closes, analyzes, books and services loans and attorney approved documentation.

Loan Documentation Specialists are responsible for processing loan applications in compliance with bank policies, meeting investor guidelines and demonstrating lending strategies. A loan document specialist may specialize in AG, Commercial, Consumer, Auto, and Participations.

The position requires the knowledge to perform specialized operational duties, such as System Data Validation of New and Renewed loans, Maintenance Review of system changes, and timely follow-up of any outstanding open items, while meeting a time managed Service Level Agreements.

Working closely with loan officers, loan document specialists may also obtain credit information, coordinate closings, calculate closing costs and disperse funds. They are responsible for monitoring loan processes, reviewing reports, and complying with state and federal regulations

ESSENTIAL DUTIES AND RESPONSIBILITIES :

• Produce multiple loan document packages for all loan products that Bank of Idaho offers.
• Support lenders and customers in their credit requests by completing loan packages for all products the Bank Offers. (Ag, Commercial, Participations, Consumer, Change In Terms / Renewals).
• Conduct thorough reviews of all collateral supporting documentation for accuracy to ensure proper collateral perfection.
• Proactively identify potential risks, and discuss with management contingency plans
• Perform a detailed review of all booked loans to ensure boarding data accuracy and that loans agree with accounting and loan system records as well as in compliance with Bank commitments, lending regulations, Bank policy, and procedures
• Maintain effective working relationships through professional communications with personnel and Bank customers.
• Other duties as assigned.

COMPETENCIES :

Requirements

QUALIFICATIONS :

PHYSICAL REQUIREMENTS :

To fulfill your essential job responsibilities, you must meet these physical requirements.

The above-mentioned job description is not intended to describe, in detail, the multitude of tasks that may be assigned but rather to give the employee a general sense of the responsibilities and expectations of his / her position. As the nature of business demands change so, too, may the essential functions of this position.