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- Loan Documentation Specialist
Loan Documentation Specialist
Department: Credit Administration Department / Reports To: VP, Loan Documentation/Collateral Control / Grade: Starting Salary $20.00/hr
- Utica, NY
Summary
Responsible for preparing closing documents for Commercial Loans in accordance with the Bank’s lending policies, procedures, regulatory compliance and secondary market requirements. Verify accurate and complete documentation request received. Must possess knowledge of all applicable consumer compliance regulations.
Essential Duties
- Responsible for preparing, reviewing, and ensuring accurate documents for commercial loans consistent with the loan approval and in compliance with bank policies and procedures
- Develop & maintain, positive relationships with credit analysts, commercial lenders, and closing specialists
- Utilize communication, negotiation, and problem-solving skills
- Maintain proficient knowledge of all laws and regulations applicable to this position
- Review and validate completed loan documentation and completed input sheet for processing for Loan Servicing
- Quality control of legal and credit files
- Collateral review
- Perform time sensitive tasks
- Required to attend or participate in necessary compliance training, including but not limited to BSA, Security, Information Technology, OFAC, Privacy and applicable BVS courses
- Perform duties and responsibilities specific to department functions and activities or as assigned by supervisor
Job Requirements
- Associate’s Degree or equivalent education from a technical or trade school; or 2-3 years related experience and/or training; or equivalent combination of education and experience. Work related experience should consist of a loan documentation background in information, products or services.
- Possess excellent logical/analytical, organizational skills to include significant attention to detail.
- Understanding of regulatory and statutory requirements governing Commercial Loan Products.
- Knowledge of and ability to prepare all closing documents.
- Possess excellent written and oral communication skills.
