Loan Documentation Manager

Fifth Third Bank • Cincinnati, OH

1d • $71,100 - $145,900 • Onsite

About The Position

The Loan Documentation Manager provides support and exceptional service for Commercial Lending divisions by preparing commercial loan documentation which includes real estate secured loans, land trust mortgages and asset-based loan requests as examples. The role is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• High school diploma or equivalent.
• 7+ years of experience in a financial institution with a focus on due diligence and/or loan documentation.
• Commercial loan experience preferred.
• 5+ years of management experience.
• Experience in an automated loan origination environment preferred.
• Exceptional time management and organizational skills evidenced in previous assignments.
• Demonstrates an understanding of applicable bank policies and procedures as they pertain to the satisfaction of loan closing conditions as well as vendor documents and services.
• Exceptional knowledge of commercial lending and loans.
• Thorough understanding of all Commercial loan products.
• Thorough knowledge of Commercial Lending Credit Policy/Guidelines.
• Thorough knowledge of loan documentation, collateral evaluation, lien perfection, local, state and federal regulatory requirements.
• Strong verbal and written communication skills.
• Strong negotiation skills.
• Ability to appropriately escalate issues requiring problem solving and decision making.
• Good interpersonal skills and team orientation.

Nice To Haves

• Bachelor’s degree preferred

Responsibilities

• Daily management of Commercial LaserPro team and volume received.
• Ensures deals are turned around accurately within agreed SLA.
• Conducts weekly team meetings with staff to discuss volume, process, questions, etc.
• Periodically pulls random samples of work from staff to review quality.
• Oversees all aspects of preparing LaserPro documents.
• Responsible for updating and communicating procedure changes.
• Prepares, reviews and provides top quality, error free loan documents in a consistent and timely manner, utilizing LaserPro software, and adhering to pre-determined turnaround time frames and accuracy level percentages.
• The documentation process includes all new loans, amended and restated, renewals, modifications and amendments.
• At times works with internal or external counsel to supplement documentation when needed.
• Advises on documentation decisions.
• Responsible for checking to ensure quality of work completed by Loan Documentation Specialists and Supervisor is to the bank’s standard.
• Trains Loan Documentation Specialists.
• Responsible for working and troubleshooting on the most complex deals.
• Assists management with tracking and reporting of key data
• Develops efficiencies that will add value to the closing process and the loan process system.
• Performs and conducts all necessary due diligence filings, recordings and searches, and regulatory requirements (I.e. FEMA, Reg U, Reg B, etc.) as applicable to ensure loan documents conform to approved approval documents, internal procedures and credit policy, while always protecting the bank's collateral position.
• Assists with funding of a loan by ensuring all regulatory requirements are met prior to funding and with conducting a final review of all due diligence and loan documents presented to specialist.
• Collaborates with Relationship Manager, Portfolio Manager, Credit Analyst, Commercial Banking Associate, and Credit Documentation Analyst/Loan Closer to address and identify any discrepancies and/or deficiencies with any request for a loan; addresses concerns/questions to develop a solution by analyzing information collected.
• Reviews loans system for any ticklers; reviews imaged loan documents in collateral file for missing documentation items pertaining to the loan request and/or the borrowing relationship.
• Issues any documents deemed necessary after reviewing collateral documentation.
• Prepares settlement statement for disbursement.
• Maintain the accuracy of department database and status of the deal at all times.
• Responsible for preparing and reviewing BOLT and Credit Portal documents.
• Complies with all applicable federal and state laws and regulations.
• Other duties will be assigned.
• May be responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

Benefits

• Total Rewards include comprehensive benefits and differentiated compensation offerings
• Eligible to participate in an incentive compensation plan
• Extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: High school or GED