Loan Documentation Specialist

Description

The Loan Documentation Specialist provides professional support services to the Commercial Loan officer by assembling a completely documented loan file preparing for submission of the loan file for funding. The processor will interact frequently with the lender and other bank staff in preparation of the lending documentation.

• Coordinates consumer, commercial and commercial real estate loan documents for processing to meet scheduled closing timeframes. Reviews third party documents such as title and appraisals. Verifies accuracy of the loan docs
• Obtains information related to the loan origination process including ordering credit reports, appraisals, preliminary title reports, UCC searches, environmental reports, insurance information, flood certificates, Secretary of State filings and various other items
• Prepares and reconciles the loan origination documents for commercial, commercial real estate, construction and consumer loans
• Review outside counsel documentation prior to closing
• Conducts pre-closing review of loan documents
• Review loan packages for compliance with Federal regulations and Credit Policy Guidelines
• Review closed loan packages to ensure required and properly executed documents are on file
• Daily review of critical loan information after previous day’s work
• General knowledge of the type of documentation required for perfected lien
• Knowledge/understanding of the necessary documentation for disclosure and compliance
• Complies with federal and state regulations and all established Bank policies
• Immediately reports and resolves any issue that requires corrective action and meets all regulatory timelines.
• Complete duties by pre-established deadlines when necessary
• Ensures that professional and cost-effective business and trade professionals in a confident professional way
• Ensures all requirements and conditions to close are satisfied before releasing documents for closing
• Utilize technology to solve root causes of issue and to eliminate manual processes
• Gain good knowledge of compliance and regulation procedures
• Working knowledge of Microsoft products such as Excel, Outlook and Word
• Be able to manage multiple projects/duties with accuracy and minimal supervision
• Display a positive team working attitude with associates in all departments
• Have a positive, professional and courteous interaction with associates and customers, when necessary
• Able to work with third party vendors and be familiar with their product reporting

Knowledge, Skills and Abilities

• Knowledge of LaserPro or equivalent loan documentation system
• Advanced knowledge of Microsoft office products and the ability to grasp computer software concepts
• Knowledge of the banking industry including loan accounting
• Knowledge and understanding of commercial and consumer loan documents
• Understanding of corporate structures
• Ability to work in an organized manner and maintain confidentiality
• Ability to understand financial information, including but not limited to income and expense statement, balance sheet, tax documents, corporate annual reports
• Ability to communicate effectively verbally and in writing
• Ability to establish and maintain effective working relationships with employees and customers

Qualifications

Qualifications Required:

• High School Diploma or GED equivalent required
• Associates degree or equivalent work experience preferred
• Excellent communication and interpersonal skills
• Ability to work independently and collaboratively as the situation dictates