Credit Document Specialist

Burke & Herbert Bank & Trust • Alexandria, VA

18d • Onsite

About The Position

Responsible for reviewing commercial pre-closing loan packages to ensure accurate documentation, compliance with regulations, identification of legal issues and adherence to bank policies and department procedures.

Requirements

• Strong data entry skills.
• Detail-oriented and well-organized.
• Highly professional in all written and verbal communications.
• Advanced computer skills with working knowledge of Microsoft Office (Word, Excel, Outlook).
• Able to manage time efficiently and prioritize workloads to meet strict deadlines while handling multiple tasks.
• Thorough knowledge of various types of secured and unsecured commercial transactions, loan products, and legal and regulatory issues related to lending.
• 2 years experience in conventional and government compliance, loan file reviews, or associated processes in the lending industry required.
• In-depth knowledge of all federal, state, and local compliance regulations to include: Truth in Lending; Equal Credit Opportunity laws, Reg Z, Reg B, and Reg X.
• Advanced knowledge of total closing function to include: underwriting condition to closing, closing instructions, and closing procedures.

Nice To Haves

• 4-year college degree or equivalent additional related work experience preferred.

Responsibilities

• Conducts pre-funding review of commercial loans to ensure accuracy and completeness of closing packages.
• Conducts pre-closing review of drafted commercial loan documents to ensure compliance with all Federal, State, and local regulations.
• Acts as an independent reviewer to conduct compliance audits on commercial loans to ensure compliance guidelines have been met.
• Identify areas of deficiency and maintain records, responses, and results of all audits.
• Verify that the terms included in loan documentation match terms approved in the loan request and/or loan presentation.
• Ensure loan closers correct outstanding errors prior to closing.
• Establish and maintain production standards and quality requirements.
• Determine if internal/external parties involved in all aspects of the loan have successfully met the guidelines and responsibility for particular loan programs.
• Assign, manage, and report Quality Control monthly review of production to Director of Loan Operations.
• Work with other department managers in complying with responses and action plans for Quality Control exceptions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree