Commercial Loan Documentation Specialist

FIRST STATE BANK • Saint Clair Shores, MI

1d • Onsite

About The Position

The Documentation Specialist is responsible for the preparation of Commercial Loan closings and Letters of Credit. This role involves performing initial loan file reviews, ordering and reviewing due diligence items, preparing closing packages, and ensuring all requirements are met for funding and booking loans.

Requirements

• Two years minimum related job experience
• Strong written and verbal communication skills
• High school diploma or equivalency (GED)
• Ability to enter data into a computer and work with computer programs: Microsoft Word and Excel
• Ability to stand and/or sit for long periods of time
• Ability to reach with hands and fingers, touching computer buttons/adding machine buttons for extended periods of time
• Ability to use fingers and hands to answer telephone repeatedly

Nice To Haves

• Experience in construction loan monitoring preferred
• Experience with Laserpro preferred
• Experience with Navigator and Director preferred
• Experiencing SBA lending preferred

Responsibilities

• Perform initial loan file review, compile checklist, and communicate to Lender’s items needed for pre-closing review
• Order and review title work, surveys, flood determinations, UCC’s, appraisals and any other due diligence required to perfect the bank’s lien position
• Prepare actual closing packages in accordance with Bank approval and policy
• Review Attorney prepared loan packages to ensure they meet the banks approval and due diligence requirements
• Scan closed loans to the loan documentation folders and ensure all requirements are met to fund
• Fund loans and submit documentation package to loan servicing for booking
• Once loan is booked scan closing files to Director
• Maintain a work in process log
• Prepare Letters of Credit
• Prepare Participation Agreements
• Prepare and monitor construction draws
• Help maintain vault as necessary
• Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance
• Review loans pre-closing to ensure approval requirements have been met and all fees have been collected
• Back up post close review as necessary
• Other duties as assigned

Benefits

• Paid Time Off (PTO)
• Paid Holidays
• Paid time to support your community!
• Health, Dental, Vision (Full Time)
• 401K match and Life Insurance (Full Time/Part Time Employees)
• Educational Assistance Program (Full Time/Part Time Employees)
• Employee Assistance Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED