Loan Documentation Consumer Spec., Sr.
About The Position
The Senior Consumer Loan Documentation Specialist is responsible for understanding and following regulatory requirements related to our loan products and for preparing loan documentation for all types of consumer loans. This position will be the subject matter expert on loan functions and regulatory requirements, and perform the due diligence needed to ensure complete and accurate documentation. This position will maintain a client focus and will partner with servicing, underwriting, and sales team members to deliver a superior client experience. The person in this position will be self-motivated and will be one of the main contacts for escalations or complexity in the loan operations area.
Requirements
- Associate degree preferred or equivalent work experience
- 5-7 years of experience in the loan documentation field; LaserPro experience preferred
- High level of commitment to accuracy and detail
- Demonstrated ability to manage high volume, time sensitive transactions and situations
- Experience in system management, evaluating and testing system upgrades
- Ability to carry out the work of lending programs and projects, to include training and availability to work after hours to support business needs
- Ability to accept, support and implement continuous change
Responsibilities
- Review loan package for completeness and accuracy prior to preparing loan documents
- Prepare loan documents for consumer loans to include new, renewals, and change in terms
- Order and fund required processing items; interpret and communicate results
- Collaborate with underwriting and sales team members to bring documents to final form
- Complete requests received from internal and external clients to include but not limited to processing of lien perfection requests
- Support and assist internal departments with loan related processing inquires
- Identify and research exceptions. Handle time-sensitive or moderately complex issues and if needed, collaborate with supervisor to resolve
- For CRA and HMDA reportable loans, ensure collection of data is accurate. Input data and assist with quarterly and annual submission
- Create, update, and maintain written procedures in Alerus procedure (R&R) database
- Identify and implement process improvements that enhance the client experience and build scale
- Ability to resolve problems with minimal guidance and make moderate operational escalation decisions in the absence of the supervisor or manager
Benefits
- Competitive compensation including base salary, bonus and/or incentive opportunities.
- Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
- Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
- Learning and development resources for personal and professional career development, and advancement opportunities.
- Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
- Support for the communities we live in through paid volunteer time and a company donation match opportunity.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
Number of Employees
501-1,000 employees
