Loan Documentation Specialist
About The Position
The purpose of this job is to prepare loan documentation within the loan platform system and review loan documents for compliance, accuracy, and completeness. This role involves preparing loan documents in accordance with policy and loan approval, and reviewing centrally prepared loan documents prior to closing for accuracy, completeness, and compliance with laws, regulations, and bank policy. The specialist will work directly with Commercial Relationship Managers to facilitate loan closings, maintain accurate reports for loan policy waivers, loan-to-value exceptions, and HMDA reportable transactions. Additionally, the role provides assistance to lending staff with compliance questions, scanning and indexing documents, loan advances, payments, research, and booking/selling secondary market loans. The position also involves tracking exceptions and performing other duties as assigned.
Requirements
- General knowledge of lending compliance laws and regulations, with a willingness to gain in-depth knowledge as needed
- Working knowledge of the principles of loan documentation and perfection of security interests
- Strong decision-making and analytical skills
- Excellent interpersonal, verbal, and written communication skills
- Extremely detail oriented with good organizational skills
- Computer literate with the ability to learn to use specialized lending software programs
- Commitment to policy and regulatory adherence
- Bachelor’s degree in business, finance, or a related field; or equivalent professional experience or education.
- Minimum of three to five years of experience working in a financial institution setting.
Nice To Haves
- Ability to use specialized lending software programs
Responsibilities
- Prepare loan documents in accordance with policy and loan approval
- Review centrally prepared loan documents prior to closing for accuracy, completeness, and compliance with laws, regulations, and bank policy
- Work directly with the Commercial Relationship Managers to aid in facilitating loan closings
- Maintain an accurate loan policy waiver report
- Maintain an accurate loan-to-value exception report
- Maintain an accurate tracking of HMDA reportable transactions to be reported on the bank’s LAR
- Assist lending staff, at all levels, with compliance questions
- Assist in Scanning and Indexing documents into Synergy
- Assist with loan advances, loan payments, and research
- Assist with booking and selling secondary market loans
- Assist with tracking exceptions
- Performs other duties as assigned and directed by management
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
