Commercial Loan Documentation Specialist II

Bank of Utah • Ogden, UT

3d • Onsite

About The Position

The Commercial Loan Documentation Specialist II evaluates individual commercial loan requests for compliance with underwriting requirements and bank policies, prepares commercial loan documents, and ensures documentation is complete and accurate before it is sent to branches. The role conducts pre-signing and pre-funding reviews, prepares loan closing letters, and authorizes funding. It also provides backup support for booking, appraisals, participations, and other department areas.

The position prepares documentation with limited assistance or supervision for loans involving entities as borrowers, grantors, or guarantors; secured and unsecured loans; loans within policy; and complex loans. It reviews loan files for compliance with bank policy and federal regulations, evaluates documentation, collateral positions, and risk grading, and examines signed and booked loans for accurate signatures, required documents, risk ratings, and satisfaction of closing-letter conditions. The role identifies documentation deficiencies and potential legal weaknesses and makes adjustments or recommends corrective actions. Attendance is an essential function, and other duties may be assigned.

The position is based at the Ogden Branch and works Monday through Friday, 8 a.m. to 5 p.m.

Requirements

• At least 5 years of experience preparing loan documents.
• Good computer skills in a Windows environment, with proficiency in Word, Access, and Excel.
• Proficiency in LaserPro, DNA, and Sageworks.
• High confidence and ability to prioritize risk management needs while understanding lenders’ priorities.
• Demonstrated ability to identify the proper structure of loan requests from lending teams.
• Demonstrated ability to determine legal entity structure from entity documentation and identify signing authority for borrowers, grantors, and guarantors that are corporations, limited liability companies, partnerships, or individuals.
• Good analytical, oral, and written communication skills, including the ability to present information clearly and concisely.
• Ability to develop and work in a team setting.
• Advanced understanding of loan documentation, regulations, and credit issues.
• Demonstrated understanding of HMDA, flood insurance requirements, and appraisals.
• Working understanding of loan policies and procedures.

Nice To Haves

• Some SBA experience preferred.

Responsibilities

• Prepare commercial loan documentation with limited assistance or supervision for loans involving entity borrowers, grantors, or guarantors; secured or unsecured loans; loans within policy; and complex loans.
• Review bank loans to ensure loan files comply with bank policy and federal regulations, and evaluate document completeness and accuracy, collateral position, and risk grading for loans over $25,000.
• Conduct detailed pre-documentation reviews of commercial loans, including reviewing underwriting documentation and verifying loan details, signatory authority, legal names, appraisal or collateral evaluation compliance, approval authority, and system compatibility of the loan structure and terms.
• Identify documentation deficiencies and potential legal weaknesses in credits, make necessary adjustments, or recommend corrective actions.
• Review completed loan packages for accuracy and completeness, prepare loan closing instruction letters as needed, and authorize release of loan packages for customer signature.
• Conduct pre-funding reviews of loans over $250,000 and authorize disbursement of funds.
• Examine signed and booked loans over $25,000; verify risk ratings, signatures, required documents, compliance with loan closing instructions, and record deficiencies or pending items.
• Provide backup support for booking, appraisals, participations, and other department areas.
• Attend work regularly; attendance is an essential job function.
• Perform other duties as assigned.

Benefits

• Great work-life balance with a Monday–Friday schedule.
• Competitive pay and benefits, including medical, dental, and vision plans.
• 401(k) plan and match up to 5 percent in the employee stock ownership program, subject to eligibility requirements.
• 12 paid bank holidays and paid time off, including paid parental leave.
• Volunteer opportunities in the communities where employees work and live.
• Awards and recognition for employees and colleagues who live the bank’s values.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed