Credit Administration Loan Specialist III

Vast Bank•Tulsa, OK

About The Position

Vast Bank is looking to hire a Credit Administration Loan Specialist III About Vast Bank Since February of 1982, we've been a locally-owned and independent financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 35 years, we've built a legacy on personal service, flexibility, strength, and integrity. Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 35 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience. We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package: Comprehensive benefits package & 401(k) match Professional development- opportunities for advancement! Tuition assistance Transit reimbursement Paid time off & more! Summary Of Role The Loan Specialist III is responsible for producing loan documents and reviewing closed loan documents. Individuals in this role are responsible for preparing commercial, consumer, and consumer real estate loan documents to support the legality of the loan transactions. They also ensure the required documentation has been obtained and properly executed for closed loans. In addition, the Loan Specialist ensures that all collateral is properly perfected and that the loan was prepared in accordance with the terms and conditions that were approved. Commercial loan types include real estate secured loans, land trust mortgage loans, asset-based lines of credit, secured term loans, letters of credit and complex credits involving tenants-in-common loans, attorney- prepared loans and syndicated and participated credits

Requirements

3-7 years in banking, with experience in commercial lending
2-4 years’ experience with LaserPro
A high school degree or GED is required.
Courtesy, tact, and diplomacy are essential elements of the job. Work involves personal contact with others inside and/or outside the organization, generally regarding routine matters for purposes of giving and obtaining information, as well as advising or referring, which commonly require shorter discussions.
Ability to plan, organize and prioritize work to meet deadlines.
Strong communication skills to develop good working relationships and to promote cooperation and compromise among various departments.
Ability to develop and maintain effective working relationships at all levels by proactively participating and contributing to a positive work environment, controlling emotions and temperament, and exhibiting courteous, respectful, and professional behavior.
Ability to quickly adapt to changing environments, processes, and technologies. Technological ability and willingness to work remotely from home as required.
Strong organizational skills.
Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.
Ability to maintain personal and work direction when faced with ambiguity.
Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable, and timely attendance.
Must be able to routinely perform work indoors in a climate-controlled shared work area with minimal noise.
Must be able to perform job functions independently or with limited supervision and work effectively either on your own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on both internal and external confidential matters.

Responsibilities

Produces all documents for loans (using LaserPro), ensuring adherence to all approved terms and conditions and proper perfection of all collateral within requested turnaround time.
Reads and interprets approved credit memos to determine type and structure of the loan in order to correctly identify and produce loan documents that accurately represent the loan commitment and terms offered to the borrower.
Prepares early disclosures, renewal/modification documents and payment extension documents, in addition to new loan documents.
Reviews and validates all documentation related to the loan for accuracy, completeness and compliance with lending laws and regulations.
Reviews all documents for adherences to all approved terms and conditions and all monitoring requirements and loan covenants.
Interacts and works with the lending staff to address and identify any discrepancies and/or deficiencies in the closing documents and addresses concerns/questions to develop solutions.
Reviews and validates documentation collected by lending staff (i.e., lien/UCC searches, title searches, titles, certificates of ownership, flood determinations, etc.) to check for accuracy, completeness and compliance with loan approval. Plans, organizes and prioritizes work to meet deadlines and to present completed documents with minimal errors or deficiencies.
Creates appropriate exceptions for omitted documents and those with errors.
Determines if policy exceptions and/or regulatory exceptions exist and creates the appropriate exception.
Creates recurring monitoring schedules for applicable documents and ticklers and/or recurring exceptions for loan covenants or special loan terms.
Provides direction, instruction, and guidance to junior credit specialists in the department.
Records security documents to ensure proper perfection of collateral.
Creates processing checklists to release collateral and review paid off loans for commercial transactions, commercial real estate transactions, and consumer and consumer real estate transactions.
Process UCC continuations and terminations.
Performs a variety of imaging duties such as verifying the quality of scanned documents, correcting, indexing, cross referencing and deleting documents.
Reviews and validates recurring monitoring and covenant items related to exception clearing.
Performs Hazard and Flood Insurance monitoring for real estate secured loans and processes force-placed insurance.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.