Commercial Loan Documentation Specialist

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

DALLAS COMM LOAN ADMIN OFF Full Time Loan Administrator Plano Operations, Plano, TX, US

30+ days ago Requisition

External Applicants:
Please apply through Prosperity Bank's Career Center at . Applying through any other source may prevent Prosperity from receiving your application.
Internal Applicants:
If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer.

POSITION PURPOSE

Performs the daily functions associated with the preparation and/or review of commercial loan documents. Funds and boards commercial loans while ensuring compliance with state and federal regulations, and Prosperity Bank policies and procedures. Supports Dallas area lending staff (Commercial, Middle Market, Professional & Entrepreneurial, Commercial Real Estate, Energy, and Business Banking). Interacts with lenders, borrowers, underwriters and credit analysts, Community Banking staff, Underwriting, Information Technology, Compliance, Audit, and other departments as well as outside vendors such as title companies, attorneys, and insurance companies.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Maintains a thorough knowledge and understanding of Prosperity policies, procedures, guidelines, and philosophies
• Must be knowledgeable of all aspects of commercial loan documentation, understanding legal entities and loan documents such as Notes, Security Instruments, Loan Agreements, etc.
• Prepares, reviews, and assembles new, renewed, and modified loan documents for commercial and business loan products including secured and unsecured loans, commitments, lines of credit, letters of credit, interim construction, participations/syndications, etc.
• Utilizes Laser Pro software to prepare loan documents internally
• Reviews attorney prepared documents prior to funding & boarding to ensure loan stipulations on the Loan Approval and Credit Memorandum are met
• Works with loan officers, borrowers, title companies, and/or attorneys in closing and funding of loans
• Reviews title policies to ensure accurate legal description, loan amount, and acceptable exceptions
• Determines proper loan system coding (product type, collateral codes, call codes, etc.) and boards loans on the core system
• Funds loans accurately and ensures financial transactions balance each day
• Provides top quality service to lenders and lending staff, while meeting service guarantees for documentation processing
• Follows all compliance policies and procedures, OCC rules and regulations, state and federal laws governing responsibility area of lending
• Completes annual compliance testing/training/certification on time
• Performs other duties, tasks and special projects as required, assigned, or directed

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.

SUPERVISORY RESPONSIBILITIES:

This role has no supervisory duties.

QUALIFICATIONS

Education/Certification: High School graduate, GED or equivalent

Experience Required: Minimum of three years’ current loan administration and/or related work experience.

Skills/Abilities: Ability to read, interpret, and respond professionally to internal and external customer correspondence.

Ability to speak effectively and clearly in response to internal and external customer requests and inquiries.

Ability to calculate figures and amounts such as rates, interest, and percentages.

Abilit…