Commercial Loan Documentation Specialist II

Bank of Utah • Ogden, UT

2d • 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 instruction letters, and authorizes loan package release and funding. It also provides backup support for booking, appraisals, participations, and other departmental areas.

The position prepares documentation for complex, secured or unsecured loans involving entities as borrowers, grantors, or guarantors, with limited assistance or supervision. It reviews loan files for compliance with bank policy and federal regulations, assesses documentation and collateral, verifies loan structure and signing authority, and identifies documentation deficiencies or potential legal weaknesses. It examines signed and booked loans, confirms required signatures and closing conditions, and records outstanding items.

The role is based at the Ogden Branch and works Monday through Friday, 8 a.m. to 5 p.m. Attendance is an essential function. Other duties may be assigned.

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.
• Ability to identify the proper structure of loan requests from lending teams.
• Ability to determine legal entity structure from entity documentation and identify proper signing authority for corporate, limited liability company, partnership, and individual borrowers, grantors, and guarantors.
• Good analytical, oral, and written communication skills, with 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.
• Regular attendance; attendance is an essential function of the job.

Nice To Haves

• Some SBA experience is preferred.

Responsibilities

• Evaluate individual loan requests for compliance with underwriting requirements and bank policies.
• Prepare commercial loan documents and ensure documentation is complete and accurate when sent to branches.
• Prepare loan documentation for loans involving entities as borrowers, grantors, or guarantors, including unsecured, collateralized, and complex loans.
• Review loan files for compliance with bank policy and federal regulations.
• Evaluate the completeness and accuracy of loan documents, 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, signing authority, legal names, appraisals or collateral evaluations, approval authority, and loan structure and terms.
• Identify documentation deficiencies and potential legal weaknesses in credits; make adjustments or recommend corrective actions.
• Review completed loan packages for accuracy and completeness, prepare loan closing instruction letters as needed, and authorize release of 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 file documents, and compliance with loan closing instructions.
• Identify and record documentation deficiencies or pending items.
• Provide backup support for booking, appraisals, participations, and other departmental areas.
• Perform other duties as assigned.

Benefits

• 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 living the bank’s values.
• Great work-life balance with a Monday–Friday schedule.

What This Job Offers

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