Loan Documentation Specialist. LilyLifestyle

Benefits

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Loan Bud is seeking a Loan Documentation Specialist to assist Business Lending Officers and borrowers in processing and closing SBA and other commercial loans in New York, NY. The role requires attention to detail, strong process workflow skills, and experience in banking, loan processing or loan review.

• Collaborate with internal staff, including Business Lending Officers, to process and close loans in a timely manner.
• Review the loan file and prepare a list of items required to close and fund the loan.
• Communicate requirements and loan status clearly and concisely.
• Prepare loans for submission in accordance with lender guidelines and requirements.
• Calculate business and/or global debt service coverage ratios.
• Open Title and order preliminary title reports as required; review title reports and make changes as necessary.
• Review and accept entity documentation such as articles, by‑laws, partnership and LLC documents.
• Ensure compliance with SBA Standard Operating Procedures (SOP) and lender credit policy.
• Determine insurance requirements and obtain hazard/flood/liability insurance as required.
• Review loan applications and determine initial eligibility.
• Prepare and complete loan document requests; ensure that loans are documented correctly to meet lender approvals and conditions.
• Coordinate closings with borrowers, referral partners and business lending officers.
• Maintain accurate pipeline reports; meet monthly loan closing and pipeline goals.
• Perform other duties as assigned.

• Deadline oriented with a sense of urgency to prioritize and meet required deadlines.
• Analytical skills to synthesize complex or diverse information.
• Problem‑solving ability to identify and resolve problems on time and analyze information skillfully.
• Strong communication skills; clear oral and written communication, customer service, and business communication.
• Leadership qualities that inspire and motivate others, accept feedback.
• Quality management focus; accuracy, thoroughness, and proofreading skills.
• Judgment; willingness to make decisions, sound and accurate judgment, timely decisions.
• Planning and organizing skills; prioritize and plan work activities, use time efficiently, develop realistic action plans.
• Safety and security awareness; observe procedures and use data and materials properly.

• Associates degree or higher.
• Four years’ experience in loan processing or combined professional experience and education in a related field.
• Knowledge of SBA loans or prior lending experience.
• Proficient use and understanding of MS Office products (Word, Excel, Outlook).

Loan Bud values its employees and provides equal employment opportunities to all individuals regardless of race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.

$50,000.00 - $60,000.00 per year