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Date : Feb 18, 2025 Location :
New York, NY, US, 10004
display : inline; } 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.
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