Loan Documentation Specialist

Marquette Bank • Orland Park, IL

3d • Onsite

About The Position

The Loan Documentation Specialist is responsible for completing all activities related to the generation of loan documentation, funding, collateral perfection, exception resolution, and real estate construction project tracking, preparing collateral file and securing loan documentation file.

Requirements

• Bachelor’s Degree preferred or certification in Business Law, Business Finance or Commercial Real Estate Lending.
• Minimum 5 years’ experience with commercial real estate loan documentation, construction loan documentation and commercial loan documentation.
• Working knowledge of bank operations, systems and regulatory guidelines.
• Self-motivated and willingness to implement changes to improve bank performance.
• Strong communication, organization and time management skills.
• Team-oriented.
• Ability to handle and complete multiple tasks under time constraints.
• Good customer service skills.
• Demonstrates an ability to handle difficult and sensitive business situations.
• Good analytical and problem-solving skills.

Responsibilities

• Confirm loan presentation requests adhere to Loan Policy and have the proper approval authority.
• Review and evaluate supporting documents provided by the Commercial Banking origination team (i.e. Entity Formation Documentation, UCC Searches, Flood Zone Determinations, Title Commitments, Appraisals, Surveys, Environmental Audits, Tenant Leases, all other forms required to document or secure the loan).
• Prepare and review loan documents utilizing software.
• When loan documents are prepared by outside counsel, forward supporting documentation to counsel and review documents prepared by counsel.
• Review executed loan documents and verify that the documents are properly executed.
• Set up file monitoring in tickler systems.
• Forward documentation to the proper recording office to record and perfect the Bank’s lien on collateral.
• Resolve documentation exceptions listed in system.
• Process and balance construction draw requests for funding internally or through a title company construction escrow.
• Assist in reviewing loan policies, procedures, strategies and delivery systems utilized in the loan documentation process.
• Participate in Disaster Recovery/Business Continuity initiatives as assigned.
• Prepare monthly department report.
• Actively comply with all applicable laws and regulations to include the Bank Secrecy Act, the Community Reinvestment Act, and all other deposit, lending, or non-deposit service regulations; adhering to the Bank’s internal policies, procedures, and risk management responsibilities contained in the Employee Handbook, the Employee Code of Conduct, and other applicable policies.
• Perform job-related responsibilities that support departmental and organizational goals, consistent with the scope and purpose of the position.

Benefits

• expansive benefits package
• growth opportunities
• gym subsidy
• tuition reimbursement
• community involvement opportunities
• health insurance
• term life and disability insurance
• generous time off
• 401(k) Salary Savings Plan
• Employee Stock Ownership Plan (ESOP)
• FREE FunRewards checking account

What This Job Offers

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