Loan Documentation Specialist – Chicago

Job Title: Loan Documentation Specialist Department: Loan Operations

Reports To: Loan Operations Manager FLSA Status: Non-Exempt

Primary duty is documenting all commercial loans and processing paid off loans. Must be reliable, organized and capable of multi-tasking on a daily basis. Must be able to communicate well with staff and customers.

• Prepare and supply information on HMDA reportable loans processed to management
• Order all Flood Certificates, UCCs and COGS, Title Work, etc.
• Complete documentation checklist by reviewing commercial loan file
• Identify and clear compliance issues
• Type all commercial loan documentation – New, Renewals, Extensions, Letters of Credit, etc.
• Receive and review loan package after closing for completeness and facilitate correction of deficiencies
• Receive requests for payoffs
• Recordation of Collateral Instruments
• Prepare instrument and forward to County or State for recording FIB collateral
• Print Paid Note Audit report, identify and process all paid off loans
• Prepare Paid Note Audit Collateral Release Forms
• Prepare and process all necessary discharges of liens and ticklers
• Act as liaison for deals requiring services from title companies, attorneys, borrower(s)/guarantor(s) and lender
• Commercial loan documentation and laser-pro background preferred
• Perform all other duties and projects assigned

• High School diploma or equivalent.
• Minimum of 2 years’ experience in a loan documentation role.
• Familiar with loan file structure and loan origination software.
• Computer skills and knowledge of Word and Excel programs.
• Extraordinary attention to detail.

First Independence Bank is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identification, age, sex, marital status, national origin, disability, genetic information, height or weight, veteran status, or other category protected by local, state, or federal law.

First Independence Bank offers competitive compensation and benefits which include: health, dental, vision, life, and disability insurances. Also, 401(k) and paid time off.