Loan Administration Specialist (75595)

TEXAS SECURITY BANK•Dallas, TX

11h

About The Position

Commercial Loan Administrator III supports Relationship Managers, Commercial Lending Assistants and the Credit Administration Department in preparing loan documentation and maintaining effective communication with internal and external stakeholders. This role is responsible for ensuring the accuracy and uniformity of all attorney prepared and internal prepared loan documents in accordance with the credit approval. The Commercial Loan Administrator III ensures that all loans are closed and maintained in accordance with state and federal regulations and adheres to Bank policies and guidelines. The candidate must be a team player, efficient and detailed oriented and have the knowledge required for obtaining and reviewing loan documents and compliance related documents for loans.

Requirements

Associates or 4 Year College Degree.
4-7 years of Commercial and Consumer loan documentation experience.
Laser Pro Experience.
High attention to detail and knowledge of policies and regulations relating to loan documentation

Nice To Haves

Fiserv-Precision (core system).
Fiserv-Director Unity (document imaging).
Microsoft Office (Excel, SharePoint, Work and PowerPoint, etc.).
nCino/Sales Force.
LaserPro.
Knowledge of SBA loan documentation

Responsibilities

Preparing loan documentation for commercial and consumer loans using Laser Pro and the coordination with attorneys on attorney prepared loans.
Reviewing documents for proper vesting, legal descriptions, closing dates and signatures.
Create documentation checklist of required documents needed to close the loan.
QC of prepared documents for accuracy and consistency with approval requirements.
Order and manage various loan-related searches, including UCC, OFAC, good standing, flood, EDR, SBA CAIVRS, SAMS.GOV, and real property title abstracts.
Review of Appraisal and Environmental Reports
Review insurance obtained at closing to ensure the required insurance was obtained
Board and fund loans onto the bank’s core accounting system, including new loans, renewals and modifications.
Assist with Quality control of loan boarding.
Post Collateral review and exception creation in the banks ticker system.
Support the implementation of process improvements.
Assist team members with various department tasks as directed by the manager.
Processing and reviewing construction advances, participation advances, C&I advances with and without borrowing bases.
Post Loan payments and loan payoffs
Participation Sold loans: post payments, wire funds to participants, send rate change notifications when applicable
Participation purchased loans: post payments, wire funds for advances to participant after review of the documents to back up the draw request, process rate changes
Provide support to the loan processors
Monitor Capps car rental line of credit: add vehicles, releasing vehicles, maintaining spreadsheet and post payments and advances to the loan.
Order Credit Reports
Prepare Adverse Actions notifications
Request appraisal bids and engage with appraiser
Order title reports
Run UCC searches
Order Environmental Reports and EDR reports
Verify outgoing wires
Update exception report when trailing documents are received from loan closings.
Force place insurance when needed, review of weekly reports, upload weekly report and send insurance to the insurance company on new loans and insurance received in the mail.
Perform loan research
Perform loan maintenance when needed
Run flood searches
Board and fund loans onto the bank’s core computer system
Imaging and properly indexing credit and collateral documents for storage which includes daily work and loan files.
Perform QC on loan files indexed to ensure all documents are scanned before shredding.
QC of loans boarded into Precision
Create loan perfection file to be retained after imaging.
Tracking and reporting approved and funded transactions
Setup real estate property tax tracking in Accumatch or send monthly report for Accumatch to load.
Process Paid Loans
UCC Monitoring through Ilien
UCC Business Alert Monitoring through Ilien
Other duties as assigned by Loan Administration/Operations Manager