Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.
We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank's 401k Plan.
Position Summary:
The Loan Documentation Specialist I receives and performs a review of loan packages submitted by loan administrators when requesting in-house loan documents. Loan documents must be prepared in accordance with loan approvals, regulatory requirements, and Bank policies and procedures. The Loan Documentation Specialist conducts a review of prepared loan documents to ensure all terms and conditions match what was approved. Once a review is conducted, final loan documents may be released to the loan administrator and/or Relationship Manager. To achieve success, an individual must be able to perform each essential duty listed below with a high degree of proficiency and understanding of loan documentation requirements.
Essential Duties & Responsibilities:
- Prepare in-house loan documentation for new loans, extensions, renewals and modifications
- Accurately analyze loan structure for loan requests as per Presentation for Approvals (PFA)
- Analyze pre-closing checklists and documentation provided by the Loan Administrator
- Review type of collateral being taken by the Bank for appropriate documentation and ensure Bank's ability to perfect its required lien position
- Ensure all formation documentation such as Articles of Inc., Certificate of Formation (for LLC's), Files LP-1 (for Limited Liability Partnerships), By-Laws, Operating Agreements, Partnership Agreements and Certificates of Trust, etc., is provided in the loan file, as applicable
- Input information to Compliance One Lending platform per Presentation for Approvals, New Loan Pre-Closing Checklist and Entity Formation Documents
- Prepare legal documentation for internally prepared loan documents as indicated to perfect security interests for all commercial loan closings to ensure compliance with State Laws and Bank Policy
- Review draft loan documents prepared by co-worker for accuracy and completeness
- Provide final approved loan documentation packages to the Loan Administrator and/or Relationship Manager for execution
- Research outstanding items listed on the Collateral Exception Report as time allows
- Any additional duties as assigned
Job Requirements
- Two- or four-year college degree or prior legal background in a loan closing environment
- Minimum of three years lending experience and training
- Knowledge of current bank regulatory compliance
- Experience with commercial collateral lien requirements
- Knowledge of Mortgages, Assignments, Subordinations and Entity documents and structure
- Reasoning skills necessary to solve problems and interpret a variety of instructions
- Ability to prioritize and complete multiple tasks within established time frame, concentrating on quality in a fast-paced work environment
- Provide quality service while maintaining, foremost, compliance and the Bank's best interest
- Strong leadership qualities which include the ability to collaborate and work effectively with all levels of the bank.
- Proficiency with Microsoft Word, Excel, and Outlook, with the ability to learn the Bank's computer-based systems
First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.
Job Type: Full-time
Pay: From $50,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Paid time off
- Vision insurance
Physical setting:
Schedule:
- 8 hour shift
- Monday to Friday
Work Location: In person