Loan Documentation Specialist

DFCU Financial • Tampa, FL

1d • Hybrid

About The Position

Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of the largest and best managed credit unions in the country. Do you have extensive experience with commercial loan documentation and the attention to detail needed to support complex loan transactions? As a Loan Documentation Specialist, you will review commercial loan approvals, determine documentation and due diligence requirements, and coordinate the preparation and closing of commercial loan transactions. This role plays a key part in mitigating risk, supporting regulatory and policy requirements, and ensuring a smooth and efficient closing process. Strong knowledge of commercial lending, loan documentation requirements, and business entity structures, along with the ability to manage multiple priorities and deadlines, are essential for success in this role.

Requirements

• Associate degree or equivalent work experience.
• 5 + years’ experience in processing commercial loans.
• Strong knowledge of commercial loan documentation and requirements.
• Knowledge of commercial banking and lending credit policy and guidelines.
• Ability to handle multiple priorities and meet deadlines.
• Commitment to delivering exceptional service.
• Proficient in Microsoft 365.
• Demonstrated analytical and problem-solving skills.
• Able to initiate and embrace change.
• Excellent interpersonal skills, including written and verbal communication and ability to work in a team environment.

Nice To Haves

• Bachelor's degree preferred.
• Experience processing commercial construction loans and SBA (504) commercial loans, preferred.

Responsibilities

• Receive, review and analyze credit approvals to determine the appropriate loan documentation and due diligence requirements.
• Verify that sufficient lending authority was obtained on the loan approval.
• Maintain knowledge of business entity structures, and obtain and review entity documents to determine the parties that are authorized to bind the entity to the loan transaction.
• Produce and obtain appropriate documentation in compliance with the terms of loan requests, including title commitments, title searches, UCC searches, evaluations or real estate appraisals, environmental reports, flood determinations, proof of insurance, surveys and entity documents.
• Apply credit policy and procedures to transactions to mitigate risk.
• Maintain knowledge of business compliance regulations.
• Coordinate effort to engage and finalize preparation of loan documents by internal and external counsel.
• Ensure that loan documents prepared in LaserPro or by outside counsel are accurate and in accordance with the approved terms.
• Develop and maintain subject matter expertise in preparing loan documents using Laser Pro.
• Determine when underwriting approval conditions for the loan closing have been satisfied.
• Obtain funding information and create/review the settlement statement providing direction for loan proceeds.
• Determine appropriate loan coding needed for portfolio and regulatory reporting purposes.
• Work with lending operations to ensure loans are properly booked and managed in DNA.
• Meet expected service levels related to due diligence, closings and periodic review requirements.

Benefits

• Potential for a hybrid work schedule
• 401k plan match, dollar for dollar up to 4%
• 401k additional employer contribution after one year at 5%
• Employee bonus program
• Medical, dental and vision insurance effective date of hire
• Health savings account (HSA)
• Flexible spending accounts for medical and dependent care expenses
• Adoption assistance for qualified expenses maximum $10,000 per child
• Wellness initiatives and reimbursements
• Pre-paid legal services plan
• Identity protection plan
• Accident supplemental plan
• Short & long term disability plans paid for by company
• Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child
• Pet Insurance
• Free financial planning assistance
• Numerous fun employee events throughout the year
• Volunteer and community engagement opportunities
• Employee loan discounts (closed-end loans)
• Service / anniversary awards
• Employee discounts for company logo wear
• Employee referral payouts for recruiting your friends and family
• Paid lunch time
• Tuition reimbursement / Education assistance
• Ongoing training opportunities
• Leadership development program
• Paid time off
• Paid holidays (13 per year)
• Flexible scheduling for students

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree