Commercial Loan Documentation Specialist - St Clair Shores, United States - First State Bank

Description

First State Bank Job Description

Job Title:
Commercial Loan Documentation Specialist

*Status:

• Non-Exempt

Department:
Loan Documentation


Reports To:
Loan Documentation


Primary Purpose of the JOB:
The Documentation Specialist is responsible for the preparation of Commercial Loan closings and Letters of Credit.


Essential DUTIES:
Perform initial loan file review, compile checklist, and communicate to Lender's items needed for pre-closing review
Order and review title work, surveys, flood determinations, UCC's, appraisals and any other due diligence required to perfect the bank's lien position
Prepare actual closing packages in accordance with Bank approval and policy
Review Attorney prepared loan packages to ensure they meet the banks approval and due diligence requirements
Scan closed loans to the loan documentation folders and ensure all requirements are met to fund
Fund loans and submit documentation package to loan servicing for booking
Scan closing files to Director after loan is booked
Maintain a work in process log
Prepare Letters of Credit
Prepare Participation Agreements
Prepare and monitor construction draws
Help maintain vault as necessary
Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance


Other DUTIES:
Back up Documentation Manager to review loans pre-closing to ensure approval requirements have been met and all fees have been collected
Back up Documentation Manager to assign loans to Processors on Work in Process Log
Back up post close review as necessary
Other duties as assigned


Required Experience/SKILLS:
Two years minimum related job experience
Experience in construction loan monitoring preferred
Experience with Laserpro preferred
Experience with Navigator and Director preferred
Strong written and verbal communication skills
Experiencing SBA lending preferred


Required EDUCATION:
High school diploma or equivalency (GED)


Working CONDITIONS:
Office environment with little exposure to physical hazards or conditions
Ability to enter data into a computer and work with computer programs: Microsoft Word and Excel
Ability to stand and/or sit for long periods of time
Ability to reach with hands and fingers, touching computer buttons/adding machine buttons for extended periods of time
Ability to use fingers and hands to answer telephone repeatedly

Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Bank's Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and it's Customer Identification Program.

Failure to comply with either the letter and/or spirit of these laws may result in disciplinary action, up to an including termination.

This job description does not list all the duties of the job. You may be asked by supervisors or managers to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.

Management has the right to revise this job description at any time.

The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.