Business Services - Senior Loan Documentation Specialist

Golden 1 Credit Union • Sacramento, CA

3d • $34 - $42

About The Position

The Senior Commercial Loan Documentation Specialist performs reviews of commercial loans to ensure compliance with established policies and standards. Reviews small- to mid- size loans of standard complexity. Analyzes and advises lenders on modification to loan structure as needed to mitigate risk/loss. Prepares and reviews commercial loan documentation in accordance with legal enforceability requirements, Golden1s credit policy and procedures and regulatory statutes.

Requirements

• Successful completion of High School curriculum is required. Associates degree is preferred.
• Minimum 8 years of experience in loan documentation required.
• Maintain knowledge of commercial lending requirements, all commercial loan products, commercial loan fulfillment, credit union policies and all applicable federal and state laws and regulations.
• Current working knowledge of Commercial Real Estate and Commercial and Industrial lending.
• Exceptional member service and member relations skills.
• Exceptional oral and written communication skills.
• Ability to manage multiple tasks and demands, to work independently with minimal supervision, and to meet deadlines and effectively adjust to changing priorities.
• Strong analytical, organizational skills and attention to detail.
• Understand the use of the automated loan origination system.
• Operate on standard Microsoft programs and other computer operations.
• Demonstrated ability to work independently and interact collaboratively and cultivate partnerships across the organization.
• Effective oral and written communication skills required to interact with members, staff, vendors, servicers, and various regulatory agencies.
• Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone.
• Prolonged sitting throughout the workday with occasional mobility required.
• Corrected vision within the normal range.
• Hearing within normal range.

Nice To Haves

• Associates degree is preferred.

Responsibilities

• Prepare loan documentation completely and accurately consistent with approval terms and conditions.
• Under supervision draft ancillary agreements/documents outside of the documentation program as necessary to mitigate risk.
• Under supervision analyze proposed loan and modify loan structure/requested documentation as necessary to mitigate Credit Union risk and loss.
• Ensure adherence to commercial credit policy, Credit Union underwriting and regulatory compliance.
• Identify documentation risks and make recommendations as needed based on specific loan transactions.
• Work with branch personnel/title company/insurance agents/appraisal/portfolio administration to address any problems discovered during the file review.
• Partners with the supervisor to perform secondary review of the larger loan files and more complex loan documents.
• Maintains a working knowledge of Entity/Collateral/Title documentation and concepts.
• May assist with loan funding and quality control reviews after loan boarding.
• Performs other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees