Loan Documentation Specialist

Saint Louis Bank • Ladue, MO

3d • Onsite

About The Position

The Loan Documentation Specialist is responsible for preparing the loan documents for all commercial and consumer loans (excluding SBA loans) originated by the Bank. This role involves interacting with commercial and consumer lenders and loan coordinators from loan approval through closing and funding to ensure approval conditions are met, document content is complete, compliance with federal/state regulations and internal policies is maintained, and the bank’s security interest is properly perfected.

Requirements

• Experience using LaserPro
• Minimum 1-3 years’ experience in examining/preparing collateral documentation
• Knowledge of various collateral types including ‘perfection’ requirements
• Knowledge of legal contracts, the Uniform Commercial Code, regulations governed by the Federal Reserve System, and regulations imposed by state and local governing authorities
• Able to prioritize workflow and handle shifting priorities
• Excellent written and verbal communication skills
• Detail oriented, well organized and demonstrates flexibility, versatility and good judgement
• Has a proactive problem solving attitude, professionalism and effective communication skills
• High School education or GED equivalent

Responsibilities

• Coordinates with commercial and consumer lenders and loan coordinators to ensure loan transactions close accurately and timely.
• Reviews all pre-closing due diligence information gathered by loan coordinators (i.e. title work, flood letters, UCC searches, entity information, etc.) to ensure completeness and accuracy.
• Prepares the legal loan documents for consumer and commercial loans (utilizing LaserPro) in compliance with federal/state regulations and internal policies, and ensuring all approval & closing conditions have been met.
• Reviews executed documents for proper signatures/completeness and follows up with lenders/coordinators on missing/incomplete items deemed critical for booking the loan.
• Perfects the Bank’s security interest by recording/filing documents online (or mailing out) including Deeds of Trust, UCCs, NOLs, acknowledgements, etc.
• Creates and assists in maintaining the physical loan files, including uploading all loan documents & due diligence information into Nautilus (the Bank’s document retrieval system).
• Follows up and obtains outstanding loan documents needed to complete the loan file (i.e. recorded deeds/mortgages, final title policies, signed acknowledgements, etc.).
• Monitors monthly reports and prepares UCC continuations timely to ensure Bank’s security interest is maintained.
• Ensures proper customer/collateral information is provided to Loan Administration to facilitate the booking process and ensure accurate system information.
• Assists in resolving documentation questions, concerns and/or service in a timely, professional, and courteous manner.
• Identifies and reports all collateral documentation exceptions, as well as obtains proper exception authority approvals, as required by Bank policy.
• Completes special projects assigned by management.

What This Job Offers

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