What are the responsibilities and job description for the Loan Documentation Specialist position at SW&M LLP?
Summary
Join Our Team! SW&M is on the lookout for a Loan Documentation Specialist with 3 years of experience handling loan documentation preparation, loan documentation maintenance and control, and loan collateral maintenance and control to join our close-knit team. If you thrive in a fast-paced environment and have a keen eye for detail, we want you to be part of our dynamic team.
What Sets Us Apart
At our firm, we offer the best of both worlds – the expertise and professionalism of in-house counsel combined with the supportive, collaborative, and highly knowledgeable environment of a boutique firm. As recognized leaders in the Credit Union and Banking Industry, with a strong national presence and reputation, we focus our practice very similarly to that of in-house counsel, providing transactional advice and counsel to all business units of financial institutions and overseeing litigation.
The Role
In this position, you’ll be accountable and responsible for preparing loan documentation for commercial loans in accordance with the loan approval. Experience with LaserPro Documentation preparation software is required.
Essential Duties & Responsibilities :
- Prepare moderately complex loan document for new commercial loans, renewals, and modifications ensuring compliance and safe and sound practices for various loan types including Commercial Real Estate, Line of Credits, Term Loans, Construction Loans, and SBA Loans
- Ensure the timely completion of all loan documentation requests
- Ensure that loan documents are complete, accurate, compliant and that all regulatory requirements are met
- Gather due diligence, entity documents, insurance, Lender instructions, necessary supporting information, etc
- Perform credit and public record information searches.
- Assure that the correct types of documents are prepared for the type of loan approved and that the approval level complies with the credit authority matrix
- Verify that the borrower / guarantor entity documents match the approved credit risk documents to ensure that the legally binding loan documents are addressed to the proper borrower / guarantor.
- Verify that the loan terms and conditions are properly captured in the documents
- Review the collateral, as appropriate for the loan type and ensure collateral is perfected in accordance with the credit approval.
- Verify that third party fees are accurately described to ensure costs are recouped by the bank.
- Coordinate final preparation of loan documents and closing procedures with applicable parties
- Maintains updated information in all necessary tracking systems to ensure that accurate statuses are communicated to all parties and that all pending items are resolved in a timely manner.
General Attributes
Strong analytical and mathematical skills
Ability to effectively identify, research, and analyze
Ability to work on multiple projects simultaneously, prioritize deadlines, and clearly and professionally
communicate in a fast-paced, deadline-driven environment.
Strong interpersonal skills with an ability to interact and communicate effectively with internal and external
contacts at all levels
Excellent communication and organization skills
Demonstrated PC skills with Microsoft Office (including Word, Excel, and Outlook). Experience with document
management systems a plus
Ability to manage confidential and sensitive information in a professional manner in a fast-paced, deadline driven environment
Ability to issue spot and proactively address regulatory issues
Experience handling customer disclosures and related technology contracts for large financial institutions
Possess a strong work ethic and excellent interpersonal skills.
Qualifications
Education / Experience)
High School Diploma and a minimum of 3 years’ commercial loan documentation experience; Bachelor’s
Degree preferred.
Previous experience in finance, banking and or other related fields
Experience with LaserPro Documentation preparation software required
Familiarity with financial and lending practices
Location : Glendale, CA
Schedule :
Full-time (Monday – Friday); Onsite work required initially, with the potential for a hybrid arrangement upon demonstrated success.
Compensation : $38-$40 / hr
The compensation offered to a candidate selected for employment will be dependent upon various factors, including the candidate's skills, educational and professional background, experience, and overall qualifications.
Other : 401K Profit Sharing Plan, Healthcare Coverage (medical, dental, & vision), Life and Disability Insurance, Paid Parking, Paid Time Off, Paid Sick Time
Additional Perks :
Styskal, Wiese & Melchione, LLP is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status or any other characteristic protected by law.
Salary : $38 - $40