Commercial Loan Documentation Specialist

Farmers Logo 2022 • Canfield, OH

1d • Onsite

About The Position

To assist in all phases of the Commercial Loan Department, to include support for all Commercial Lenders, Special Accounts Manager, Portfolio Managers and branches. This role involves preparing and reviewing commercial loan documents, ensuring compliance with bank policies and regulatory requirements, and managing loan files. The specialist will also be responsible for researching public records, processing loan payoffs, and completing all mandatory training.

Requirements

• High School diploma or General Education Degree (GED)
• Minimum of three (3) years commercial loan related experience
• Knowledge of loan documentation systems (e.g. Laser Pro) a plus
• Ability to prioritize and multi task
• Strong attention to detail and effective time management are required
• Knowledge of Word, Excel, Internet navigation/research, and Outlook is expected
• Ability to clearly and effectively communicate both verbally and in writing

Nice To Haves

• title company experience preferred

Responsibilities

• Prepare and input commercial loan documents to include commercial C&I loans, commercial real estate, construction loans, ABC lines of credits, standby letters of credits, modifications and renewals to represent the structure of the approval.
• Review loan documents for accuracy and compliance of bank policies in order to meet all lien perfection requirements, policy requirements, financial and non financial conditions and any regulatory requirements pertaining to the loan.
• Review all outside supporting documentation including but not limited to Articles of Incorporation, By Laws, Trust Agreements, Operating Agreements, Searches, Appraisals, Insurance Policies and Flood Certifications to ensure compliance with loan approval.
• Research governmental and public records to assess borrowing entity, guidelines for lien perfection, purchase money notifications and authorizations of signers associated with LLC, LLP and Trust.
• Review executed loan documents for accuracy, forward documents for recording, follow-up for filing information and prepare disbursements.
• Accurately record and file liens, titles and UCC Statements.
• Accurately process paid-off commercial loans, release appropriate liens and disburse final documents to the clients.
• Organize loan files; make required copies and forward file to Loan Servicing for set-up on the core system.
• Request files from the vault in order to process loan documents.
• Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures.
• Maintain compliance with all appropriate rules and regulations.
• Complete other duties as assigned.

Benefits

• E-Verify is used to confirm the identity and employment eligibility of all newly hired employees.

What This Job Offers

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