Commercial Loan Operations Specialist II

Republic Bank•Louisville, KY

15h•Onsite

About The Position

The Commercial Loan Operations Specialist II is responsible for accurately documenting each file according to the Bank’s policy, procedures, guidelines, and compliance requirements as well as the creation, coordination, compliance, and review of commercial loan documents to the Bank’s policies and procedures. In addition, this position will process complex commercial transactions that will include the review and negotiation of attorney prepared loan documents as well as coordination of closings with Bank approved attorneys. As well, this position will assist with the completion of the disbursements and quality review before and after closing as needed.

Requirements

Two year of commercial loan document experience required.
Proficiency in Microsoft Office products and internet applications.

Nice To Haves

Three years of commercial loan processing experience preferred.
Paralegal preferred.

Responsibilities

Setup and analyze all incoming loan files on the Bank’s loan operating system for all due diligence items needed to accurately document the loan according to the Bank’s guidelines and compliance standards.
Coordinate internal activities with the lending team to work toward an anticipated closing date.
Coordinate external activities with the title companies, attorneys, surveyors and other pertinent parties.
Work with the lending team to ensure all necessary documentation is collected and stored on the Bank’s loan operation system according to the Bank’s guidelines and compliance standards. Make decisions involved in the negotiation of the loan documents within approval limits and escalate any language that requires additional approval.
Review business & trust documentation to determine authorized signers and entity information.
Complete daily workflow on files to ensure receipt of all necessary documentation by using the commercial loan operating system.
Coordinate with closing attorneys all the necessary information to complete a closing package accurately and timely.
Demonstrate understanding of all loan products, lending authority, and Bank policy and procedures as they pertain to commercial lending.
Determine and clear documentation exceptions and track for trailing items in the commercial loan operating system.
Review loan for proper approval and processing completion; knowledge of proper commercial loan documentation necessary to protect the Bank.
Prepares all documentation for extension, modifications, renewals, and new commercial loans.
As needed, assist with the proper disbursement of loan funds and the quality review of loan packages to ensure all items are returned as needed and collateral is secured.
Ensure all loans are being delivered within department set SLA’s
Ensures that all loans are being disbursed properly, meet compliance guidelines, and all collateral is secured.
Provide backup to teams leads with the tracking of documents for trailing items; which must be cleared within designated time period.
Assist with the Lereta (Tax Service) system, including reviewing the bill for accuracy.
As new processes, procedures and software updates are introduced, serves as a department resource to provide continued education to team.
Assist with all department reporting, including research that may be needed and the management of ongoing reports.
Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
Model and foster behaviors that support the Bank’s values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
Willingly perform all other duties and projects as assigned.