Loan Documenter IV

• Obtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, borrowing authority documentation, collateral information, request for demand and any additional information as needed to perfect the bank’s position and reflect the terms of the credit approval. Take appropriate action on any issues that arise to meet the requested document due date.
• Prepare loan documents based on knowledge of loan type and of bank and department policies and procedures. Ensure compliance with all federal and state laws and regulations.
• Determine whether standard language can be used or if assistance from the Legal Department is required for the preparation of Supplemental Term Letters and Credit Agreements.
• Audit loan documents (prior to execution by borrower) for adequacy and determine missing, incomplete or incorrect information required by the bank, Federal and State regulations to maintain quality controls. Identify, follow up, and/or escalate exception conditionals to Loan Administration Manager, Credit Manager, Credit Team Leader, Underwriter, or Administrative Manager, as appropriate.
• Audit all loan documents (after execution by borrower) to verify that the documents have been returned, signed, dated, and initiated properly. Ensure that any missing or altered documents are listed on the waiver report, and that proper approval for boarding with deficiencies has been obtained. Follow up on missing documents. Obtain necessary waivers before boarding a loan with exceptions
• Obtain insurance documentation for new loans when required. Ensure that insurance coverage complies with established Bank standards.
• Set up and ensure that all shadow legal files are kept current and in accordance with filing standards and naming convention. Ensure all files are tracked and recorded/maintained in the tracking system
• Ensure requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances, etc.)
• Provides on-going support for compliance with all applicable laws, regulations and administrative duties
• Perform loan closure process.
• Follows up on Monthly documentation and servicing exception reports in a timely manner.
• Duties may include file room maintenance (e.g., archiving, filing, updating, File Tracker, etc.)

Must-Have*

• Five years of experience in documenting commercial real estate loans
• Five years of experience in a commercial bank or financial institution
• Four years of basic computer experience required (e.g. Microsoft Word, Excel, Outlook and Powerpoint)

Skills and Knowledge