Our client, a leading bank, is looking for an experience Loan Documentation Specialist to join their growing team.
07th June, 2021
Job Description & Synthesis
The Loan Documentation Specialist III is responsible for reviewing and preparing legal loan documentation according to the approval package provided for Commercial or Small Business and/or Consumer loans that are moderately complex to complex loans/lines of credit including real estate transactions.
Ensures file and documents meet all applicable bank and compliance requirements.
Uses knowledge of type of loan/collateral required to determine which documents to prepare.
Confirms all required wait periods are met based on proposed closing date.
Communicate and respond to internal customers within 2 hours.
Confirms that documents are prepared within established turn times and consistently meet deadlines.
Completes a minimum of files per day based on department standards.
Verifies and inputs loan information accurately into loan origination system.
Verifies Prior to Document conditions have been signed off.
Verifies the following information is correct, but not limited to: subject property address, wire information, insurance policy information, all fees, & the correct set-up of any impounds if applicable.
Collaborates with Settlement Agent to finalize loan fees.
Complete reviews independently for complex, multiple collateral and difficult real estate loans of large dollar amounts.
Interacts with customers, outside counsel, title companies, escrow companies, insurance agencies, government agencies and other lending institutions to obtain information and/or request documents.
Other duties as/or assigned by management.
H.S. Diploma REQUIRED WORK EXPERIENCE
Minimum 3 - 5 years recent closing/funding experience
Minimum 3-year basic computer experience (e.g. Microsoft Word, Excel, Outlook) required.
Ability to identify and resolve problems in a timely manner.
Strong attention to detail and accuracy.
Ability to maintain high levels of performance, especially in stressful situations.
Strong knowledge of federal/state regulatory policies and procedures. (TRID experience required)
Excellent written and verbal skills.
Excellent organizational skills.
Ability to multi-task and work in a deadline-driven environment.
Proficient PC skills, including Microsoft Office and Loan Origination systems.