Specialist I, Commercial Loan Operations, South Bend, IN

1st Source Bank•South Bend, IN

3d•Onsite

About The Position

Responsible for preparing business loan documentation, ensuring the bank has collateral perfection, and performing post-closing loan servicing to adhere to the credit approval and the bank's policies and procedures.

Requirements

Good PC skills--proficiency in Microsoft Word and Excel essential.
Good communication and organizational skills.
Ability to handle multiple tasks in a fast-paced environment.
Detail oriented.
Regular and predictable attendance is an essential requirement of the position.

Nice To Haves

One (1) to three (3) years of related experience preferred.
Prior commercial loan documentation and perfection of lien experience for titled, non-titled and real estate collateral preferred.
Bachelors Degree preferred.

Responsibilities

Reviews and determines the appropriate documentation and perfection requirements according to the credit approval within service standard agreements.
Examines loan documentation for accuracy, completeness, and properly executed signatures.
Ensures appropriate due diligence requirements are completed.
Works closely with relationship managers and documentation staff in processing loan and lease transactions.
Boards loan to loan system and performs a 2 day verification of financial data.
Follows up directly with internal and external customers for pending items.
Performs monthly review of various reports to ensure accuracy including financial and regulatory data and perfection of bank’s lien.
Performs necessary follow up and updates to ensure compliance.
Manages various reports clearing exceptions and performs collateral audits working with relationship managers and customers to gather required documentation or information to clear the exceptions.
Responsible for the completion of all compliance training related to the position.
Must understand all applicable laws and regulations that apply to the position and complies with the requirements.