Sr. Commercial Loan Documentation Specialist

Sr. Commercial Loan Documentation Specialist

Join Us in Making an Impact At OneAZ Credit Union, our success is measured only by yours. We're here to create lasting change in the lives of our members, our communities, and our team. If you're looking for a career with purpose, where your work truly mattersyou've found it!

Who You Are You're impactful, compassionate, and fearless, ready to embrace new challenges and shape the future of financial well-being. You take accountability for our success and thrive in an environment where curiosity is celebrated. If this sounds like you, let's build something great together.

What You'll Do This position will be located at our Corporate Office.

The Sr. Commercial Loan Documentation Specialist is responsible for the preparation of all commercial loan documents through the Credit Union's loan documentation system. The role administers processes required to support the creation, closing, review, perfection, and securing of loan documentation and collateral for the commercial loan portfolio. The Senior Loan Documentation Specialist works closely with internal/external stakeholders, including title companies and legal counsel, to ensure that loans comply with state and federal laws, regulations, and Credit Union lending policies and procedures.

• Review and understand commercial real estate loan terms, conditions, and financial components as detailed in credit approval documents.
• Identify potential problems and solutions.
• Verify that title work and uniform commercial code (UCC) filings are clear and firmly support the Credit Union's lien position.
• Create loan documentation package for each approved loan that complies with the loan's approved terms and conditions.
• Documentation may include, but is not limited to, notes, security agreements, deeds of trust, guarantees, assignments, account holds, UCC filings and subordination agreements, and closing instructions.
• Demonstrate a level of expertise of loan documentation language and interact with borrowers and legal counsel to review potential changes.
• Perform final review of closing packages to ensure all tasks and conditions have been addressed.
• Transmit loan closing packages to loan officers or closing office to ensure closing date commitments are met.
• Review completed documents after closing to ensure proper execution.
• Identify any exceptions and notify appropriate parties of actions needed to address exceptions.
• Create additional documents such as, loan modifications, partial lien releases, hold changes or releases, guarantor changes or releases, extensions, subordinations, renewals, etc., as requested, and with evidence of appropriate approval.
• Engage legal counsel as appropriate to provide guidance on loan documentation.
• Ensure steps are taken to obtain perfection on any collateral, including all filing or recording processes needed for UCC, assignments, deeds of trust or titled collateral, etc.
• Perform final audit of loan data prior to transfer from loan documentation system to host system.
• Resolve discrepancies, as appropriate.
• Authorize and ensure disbursement of loan funds in accordance with federal and state regulations and Credit Union policies and procedures.
• Act as a resource for Business Bankers and other associates within the organization for commercial/business loan document and entity structure guidance.
• Coordinate and attend commercial loan closings with borrowers.
• Receive, approve, and process vendor invoices; balance appraisal general ledger (GL) monthly.
• Provide guidance and training to co-workers as necessary.
• Establish and maintain strong working relationships and open communication with credit administration and business banking teams.
• Ensure compliance with NCUA, and other federal and state regulations.
• Support audits and regulatory examinations.
• Maintain collateral files and is responsible for verifying completeness of files with all necessary documents and signatures required.
• Complete annual compliance training in accordance with regulations and internal policies and procedures.
• Track and report commercial loan production and documentation pipeline.
• Create and maintain effective processes and…