Loan Documentation Administrator
About The Position
The Loan Documentation Administrator position is responsible for preparation of LaserPro loan documentation and the file review of commercial lending transactions. Additionally, this position reviews same transactions post-closing ensuring that all due diligence and executed loan documents are present, identify trailing documentation exceptions and prepare the file for Servicing. Appropriately enforce all corporate due diligence and compliance requirements. Communicate effectively with lender and/or lending support staff regarding issues, questions or additional information needed during the documentation preparation and/or attorney review stage to ensure that Loan Operations and the lending staff are working together to meet borrower needs. Seek guidance of Bank’s Credit Officers at appropriate times to assist in clarification of loan transactions. Complete post-closing review of documentation to ensure due diligence document requirements have been completed and executed loan documents are present. Identify trailing documentation exceptions for entry by Collateral team. Prepare the final file for booking and funding. Complete analysis of real estate tax bills to determine monthly escrow payments as well as beginning balance for real estate transactions. Review corporate entity documents pertaining to assigned transactions. Effectively communicate post closing exception items. Initializing UCC Filing request.
Requirements
- Minimum 1-3 years of experience preparing/reviewing very complex and high dollar commercial and commercial real estate loan transactions
- Familiar understanding of commercial lending concepts
- Experience in a loan operations environment handling and supporting commercial lending staff
- Familiar knowledge and understanding of collateral perfection requirements
- Familiar knowledge and understanding of commercial loan documents
- Familiar knowledge and understanding of corporate credit policy
- Familiar knowledge and understanding of approval levels
- Familiar knowledge and understanding of the workings of a larger loan operations group
- Some basic loan accounting knowledge and audit controls
- Superior communication skills (both written and verbal)
- Ability to partner with commercial lenders and support staff
- Ability to determine appropriate level of flexibility in procedures and policies to assist lenders in closing loan transactions
- Strong use of common-sense approach to assisting lending staff
- Team player
- Adaptability
- Desire to learn and grow
Responsibilities
- Preparation of LaserPro loan documentation
- File review of commercial lending transactions
- Review transactions post-closing ensuring all due diligence and executed loan documents are present
- Identify trailing documentation exceptions and prepare the file for Servicing
- Enforce all corporate due diligence and compliance requirements
- Communicate effectively with lender and/or lending support staff regarding issues, questions or additional information needed
- Seek guidance of Bank’s Credit Officers at appropriate times
- Complete post-closing review of documentation
- Identify trailing documentation exceptions for entry by Collateral team
- Prepare the final file for booking and funding
- Complete analysis of real estate tax bills to determine monthly escrow payments
- Review corporate entity documents pertaining to assigned transactions
- Effectively communicate post closing exception items
- Initializing UCC Filing request
Benefits
- Medical Insurance
- Dental
- Vision
- Life insurance
- Accidental death and dismemberment
- Short-term and long-term Disability Insurance
- Parental Leave
- Employee Assistance Program (EAP)
- Traditional and Roth 401(k) with company match
- Flexible Spending Account (FSA)
- Employee Stock Purchase Plan at 5% discount
- Critical Illness Insurance
- Accident Insurance
- Transportation and Commuting Benefits
- Banking Benefits
- Pet Insurance
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
