Consumer Loan Documentation Specialist
About The Position
1st Century Bank, a division of MidFirst Bank, is a full service bank with a vision of unparalleled client service in Los Angeles. The Bank's core principles are flexibility, responsiveness, and the ability to create tailored solutions, coupled with its commitment to provide exceptional client service. Our bankers work in a team effort to develop a deep understanding of their clients, and work with and on their behalf to develop solutions tailored to meet their needs. Nothing is overlooked. Everything is considered. The Loan Documentation Specialist will be accountable and responsible for preparing loan documentation for consumer loans in accordance with the Bank's loan approval process. Ensure timely disposition and control of legal documentation, collateral and documentation records as well as that the documents requested comply with Bank's policy. Accountable and responsible for preparation of loan documentation for consumer loans in accordance with the loan approval process. Order UCC searches, corporate searches and other due diligence as required. Ensure loan document packages are complete and ready for funding and boarding including coordination with title and/or escrow companies for closing, obtaining pay off demand statements and appropriate insurance coverage, when required. Coordinate final preparation of loan documents and closing procedures with applicable parties. Perform credit and public record information searches.
Requirements
- 5-7 years of documentation experience in a financial institution
- Work related experience of loan servicing consumer loans and loan documentation preparation.
- High school diploma or equivalent
- Excellent verbal and written communications skills
Nice To Haves
- Experience with LaserPro Documentation preparation software is a plus
Responsibilities
- Preparing loan documentation for consumer loans in accordance with the Bank's loan approval process.
- Ensure timely disposition and control of legal documentation, collateral and documentation records as well as that the documents requested comply with Bank's policy.
- Preparation of loan documentation for consumer loans in accordance with the loan approval process.
- Order UCC searches, corporate searches and other due diligence as required.
- Ensure loan document packages are complete and ready for funding and boarding including coordination with title and/or escrow companies for closing, obtaining pay off demand statements and appropriate insurance coverage, when required.
- Coordinate final preparation of loan documents and closing procedures with applicable parties.
- Perform credit and public record information searches.
Benefits
- The bank offers a comprehensive benefits package including medical, dental, and vision coverage; paid holidays, vacation, and sick leave; and a 401(k) plan.
- Hours of paid leave may vary based on position.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
Number of Employees
1-10 employees
