Loan Documentation Specialist

DFCU Financial • Tampa, FL

15h • Hybrid

About The Position

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.

What This Job Offers

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