Loan Documentation Specialist

Marquette Bank • Orland Park, IL

7d • $60,000 - $70,000

About The Position

The Loan Documentation Specialist is responsible for activities related to generating loan documentation, funding, perfecting collateral, resolving exceptions, tracking real estate construction projects, preparing collateral files, and securing loan documentation files. The position reviews loan requests and supporting materials for policy compliance and approval authority, prepares or reviews loan documents, verifies execution, monitors files, and coordinates recording and lien perfection. It also processes construction draw requests, supports improvements to loan documentation processes, participates in assigned continuity initiatives, prepares monthly reports, and complies with applicable laws, regulations, and bank policies.

The role requires experience with commercial real estate, construction, and commercial loan documentation, along with working knowledge of bank operations, systems, and regulatory guidelines. The employee works in an office environment with generally moderate noise and regularly uses a computer and office equipment. The posted pay range is $60,000–$70,000.

Requirements

• 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 willing 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.
• Ability to handle difficult and sensitive business situations.
• Good analytical and problem-solving skills.

Nice To Haves

• Bachelor’s degree or certification in Business Law, Business Finance, or Commercial Real Estate Lending preferred.

Responsibilities

• Confirm loan presentation requests comply with Loan Policy and have proper approval authority.
• Review and evaluate supporting documents from the Commercial Banking origination team, including entity formation documentation, UCC searches, flood zone determinations, title commitments, appraisals, surveys, environmental audits, tenant leases, and other loan documentation or collateral materials.
• Prepare and review loan documents using software.
• Send supporting documentation to outside counsel and review documents prepared by counsel when applicable.
• Review executed loan documents and verify proper execution.
• Set up file monitoring in tickler systems.
• Send documentation to the appropriate recording office to record and perfect the Bank’s lien on collateral.
• Resolve documentation exceptions listed in the system.
• Process and balance construction draw requests funded internally or through a title company construction escrow.
• Assist in reviewing loan policies, procedures, strategies, and delivery systems used in the loan documentation process.
• Participate in Disaster Recovery/Business Continuity initiatives as assigned.
• Prepare the monthly department report.
• Comply with applicable laws and regulations, including the Bank Secrecy Act and Community Reinvestment Act, and follow the Bank’s internal policies, procedures, and risk-management responsibilities.
• Perform job-related responsibilities that support departmental and organizational goals within the scope and purpose of the position.

Benefits

• Health insurance
• Term life insurance
• Disability insurance
• Generous time off
• 401(k) Salary Savings Plan
• Employee Stock Ownership Plan (ESOP)
• Gym subsidy
• Tuition reimbursement
• Community involvement opportunities
• FREE FunRewards checking account
• Variable pay may include performance-based incentives, commissions, target bonus, and discretionary bonus, depending on position eligibility

What This Job Offers

• Job Type: Full-time
• Education Level: No Education Listed