Senior Commercial Loan Doc Specialist

Description Position Summary

The Sr. Commercial Loan Documentation Specialist is responsible for preparing commercial loan documentation for new loans, renewals, and modifications for Commercial Real Estate, Lines of Credit, C&I, Term Loans, Construction Loans, SBA Loans, and Letters of Credit. The specialist ensures that all commercial loan documents are accurate and in accordance with loan approval guidelines and federal regulations.

• Prepares and reviews commercial loan documentation for new loans, renewals, and modifications for various loan types, including Commercial Real Estate, Line of Credits, C&I, Term Loans, Construction Loans, SBA Loans, and Letters Credit.
• Collaborate with lenders to obtain title work, flood determinations and other documents as needed.
• Complete loan-process documents such as closing documents, book/fund loans, and post-closing items.
• Verify lien coverage and collateral positions prior to closing.
• File necessary documentation to secure collateral position at the time of loan closure.
• Ensures all commercial loan documents are accurate and in accordance with the loan approval and federal regulations.
• Reviews all due diligence loan documents, establishes that all compliance requirements are met prior to releasing final loan documents.
• Partners and communicates with lenders, admins, attorneys, title company personnel, and various other vendors to close every commercial loan type in a timely manner.
• Reviews document checklist and requirement waivers if applicable; works with Lenders and Admins to ensure that appropriate approvals are received prior to disbursing the loan.
• Conveys to Lenders and Admins the need for key documents to fund/book transactions accurately, timely, and consistently, according to Bank policies.
• Assesses all pertinent borrower, property/collateral, and documentation information and verifications related to documenting complex commercial loan transactions.
• Reviews any and all entity documentation to determine ownership and identify signers.
• Possesses the ability to interpret and understand Credit Approvals, due diligence, title commitments, formation documents, etc.
• Consults management to resolve issues or to seek approval for exceptions or waivers.
• Provides problem resolution and service to internal customers.
• Ensures document requests have proper approval authority.
• All other duties as assigned.

Ensures compliance with applicable regulations, investor requirements, credit policies and procedures and meets customer service standards. Adheres to all State and Federal Banking Regulations. Receives and researches new regulations, policies and procedures and implements them. Stays current on compliance and regulations by attending seminars and reading available information. Ensures necessary changes or recommendations have been implemented as directed.

Adheres to all bank policy and procedures as well as complying with legal and regulatory requirements. Familiar with and abides by all bank regulations including but not limited to BSA and OFAC.

Working conditions:

No particular working hazards. No unusual physical exertion required. Ability to travel to work at different locations with short notice or as scheduled. Ability to sit for long periods of time, stoop, bend, twist and lift up to 50 pounds occasionally.

• Ability to work independently.
• Ability to retain confidential information.
• Outstanding communication and listening skills.
• Good interpersonal skills including listening, verbal and written communication between co-workers and customers.
• Exemplary customer service skills.
• Ability to follow directions and be attentive to details and accuracy.
• Exemplify professional appearance guidelines as stated within the company policies.
• Professional phone etiquette required for both internal and external communication.

Education &

Work Experience:

Associate’s degree in Business Management, Business Administration, Finance or equivalent combination of education and experience. Strong knowledge of CRA requirements. 4+ years of banking experience, primarily commercial loan preparation experience or…