What are the responsibilities and job description for the Commercial Loan Support Specialist position at MRINetwork Jobs?
Job Description
Job Description
Immediate opening for a Commercial Loan Specialist with a very successful regional financial institution.
The Commercial Loan Specialist Administers and coordinates the activities associated with processing loans within assigned business unit, to include regulatory adherence, documentation, support, and loan closing / funding. Responsible for tracking requirements and following through for resolution of issues to ensure efficient processing and a positive client experience. Identifies and ensures borrower’s loan package meets all regulatory requirements applicable to the specific loan type. Ensures loan packages contain the appropriate documentation to support structure and follows for the collection of all pertinent collateral information, as well as any other required documents from the client. Prepares and submits loan documentation request, liaising with loan documentation and closing to resolve key issues associated with package. May participate directly in the documentation process, as assigned by business unit.
RESPONSIBILITIES :
- Reviews initial loan package and is responsible for follow up to ensure critical components have been provided by the lending officer for documentation process. Understands key components related to loan and collateral type in order to ensure all required exhibits are included.
- Identifies, requests and reviews critical documents related to entity searches, UCC searches, flood determinations, etc., or any other required supporting documentation. Resolves key issues related to these pieces.
- Sets up third party engagements or requests appropriate to loan type, including but not limited to escrow, tax service, preliminary title reports, etc. Responsible for timely and accurate completion of duties on transactions related to borrower structure and / or collateral. Must have good knowledge in loan processing and regulatory policy. Independently addresses and resolves issues with minimal supervision.
- Independently monitors borrower’s loan package throughout the process to identify potential risks related to the effective and efficient processing of the loan and to protect the Bank’s interests. May prepare loan documents as required by business unit.
- Oversees and administers procedures required for timely and accurate processing of declined / withdrawn loan applications as required by regulation.
REQUIREMENTS :
For further consideration regarding this and / or other opportunities please inquire confidentially to mike@scsacramento.com or call 916-850-2437. All inquiries held in strict confidence. Thank you for your interest.
