Loan Documentation Specialist Job Description
Loan documentation specialist
provides content for, create, and/or maintain job aids, programs, videos, and other training materials used by Regional Loan Processing Training Specialists and corporate production staff about system requirements, policies, and procedures.
Loan Documentation Specialist Duties & Responsibilities
To write an effective loan documentation specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included loan documentation specialist job description templates that you can modify and use.
Sample responsibilities for this position include:
Prepare commercial and commercial real estate in-house loan documentation using LaserPro document preparation module
Coordinate with Bank's counsel for preparation of commercial and commercial real estate loan documentation on requests not suitable for LaserPro, order title, documentation review
Ensure compliance with Bank policies and procedures state and federal regulations
Prepares loan documentation for all commercial loans types including but not limited commercial real estate, lines of credit, aircraft, preferred mortgages, SBA 7a, Express & 504’s for new loan loans, renewals, and modifications.Ensure loan documents are prepared in accordance with the terms and conditions per the credit approval and in compliance with regulatory requirements as related to local, state and federal guidelines
Prepares and distributes to affiliate bank customers accurate loan documentation on approved loans
Create, renew, modify and extend complex commercial loan documentation packages
Ensure the timely completion, quality, and accuracy of the service are in alignment with the SLA Perform services in accordance with policies and procedures
Coordinates the attorney review and documentation preparation process for highly complex commercial, real estate and SBA loans Provides in-depth review and analysis of loans and loan structures to identify specific documentation and lien perfection needs to protect the bank's position and mitigate potential risk
Reviews commercial credit application packages for adherence to credit policy and SBA requirements and determination of appropriate due diligence necessary to ensure proper collateral position
Evaluates all reports and information received with respect to collateral evaluation & verification to determine if terms and conditions of the credit approval will be met
Loan Documentation Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Loan Documentation Specialist
Typically a job would require a certain level of education.
Employers hiring for the loan documentation specialist job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and High School Degree in Business, General Education, Associates, Paralegal, Finance, Education, Legal, Accounting, Communication, Administration
Skills for Loan Documentation Specialist
Desired skills for loan documentation specialist include:
Applicable credit policies and approval processes for assigned product
Terminology and automated processing systems
Governmental and agency requirements
Underwriting requirements
Legal documents used to support applicable loan/lease processing
Closing policies and procedures
Funding policies
Loan documentation
Policies and procedures
Departmental functions
Desired experience for loan documentation specialist includes:
Reviews use of proceeds, orders SBA Number, prepares SBA Authorization and is responsible for ensuring all changes to the SBA Authorization are processed according to the SBA Servicing Matrix
Prepares the loan and compliance documentation necessary to protect the bank's interest
Conduct and order UCC searches per the requirements and tier placement of the loan conditions
Familiarity with the filing and search guidelines for the numerous states with respect to charges and locations respectively
Adherence to the conditions set forth by the underwriting staff to insure proper loan closing and lien position must be closely followed
Gather and review credit actions, third party reports including appraisals, UCC searches, environmental reports and title reports various lender required documents
Loan Documentation Specialist Examples
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Loan Documentation Specialist Job Description
Job Description Example
Our growing company is hiring for a loan documentation specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan documentation specialist
- Assist Lenders and loan closers with various customer service requests related to commercial loan documentation
- Communicates and discuss loan transactions with commercial lending officers or other office personnel, in-house attorneys, and Credit Supervisors as necessary
- May draft language to be inserted into the documents on non-standard credit requests and work with the legal department to finalize and approve
- Review Entity documents to understand the business structure and identify authorized signers
- Review documentation post closing for propriety and completeness, prior to funding loan proceeds
- Perform UCC searches and property searches
- May assist manager in the training of new associates and special projects
- Work in multiple bank systems to gather needed information to solve problems and mitigate risk
- Communicate with the multiple bank departments (Loan support, Underwriting, Legal, Retail support, IT), for support when needed and to resolve issues prior to releasing the closing package
- Complete thorough review of supporting documents critical to the documentation request, including real estate due diligence
Qualifications for loan documentation specialist
- Close attention to detail and good organizational skills
- Knowledge of documentation required on commercial and commercial real estate loans
- Proficient in LaserPro document preparation module, Microsoft Word and Excel
- Able to work with confidential materials and meet moving deadlines
- Ability to interact professionally with peers, attorneys and Bank's management
- Ability to work without close supervision, set priorities and be responsive to change, make independent decisions and interact with associates at all levels
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Loan Documentation Specialist Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of loan documentation specialist. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for loan documentation specialist
- Ensure documents generated meet all regulatory, compliance requirements and policy guidelines
- Work with the documentation team to cover service hours
- Deliver exceptional customer service to Old National’s internal and external customers
- Contribute to special projects and other duties as assigned
- Contribute to team success with a positive attitude
- Performs and conducts all necessary due diligence filings, recordings and searches, and regulatory requirements
- Interacts and works with officers, administrative assistants, credit officers, and counsel if applicable to address and identify any discrepancies and or deficiencies with any request for a loan
- Conducts quality control reviews of incoming document order requests, as assigned by department manager, for accuracy and compliance with the selected product
- Develops and maintains a working knowledge of banking laws and regulations by reading various publication and circulars
- Prepare documentation for all types of loans, to include new and renewed, purchase and sale transactions going through Escrow, commercial, consumer and gather supporting documents necessary to complete such process
Qualifications for loan documentation specialist
- Good computer skills (Microsoft Word, Microsoft Excel)
- Ability to get along with coworkers
- High School Diploma or GED and a minimum of four years commercial and commercial real estate loan document preparation or related experience
- Education generally equivalent to a High School Diploma, or General Education Degree (GED)
- Knowledge of various consumer loans (i.e., HELOC and consumer loans, ) and related documents
- Working knowledge of various consumer regulations (i.e., HMDA, RESPA, TRID, Reg
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Loan Documentation Specialist Job Description
Job Description Example
Our innovative and growing company is hiring for a loan documentation specialist. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for loan documentation specialist
- Maintain a specialized knowledge of the documentation department’s function, terminology, policies and procedures, and related laws and regulations at the local, state and federal levels
- Prepare and/or track various information for reporting
- File UCCs, Deeds of Trust for recording via automated system or county
- May confirm that all required coding and risk management information is present
- Communicates to lender any issues affecting loan closing
- Utilizes intranet-based DAC Tracking tool to track productivity and workflow
- Prepare loan documents upon receipt of request from the Lender
- Work with Bank's (Medici) software and other related programs to create documents
- Produce and review departmental reports submitted to lenders and senior management
- Supervise work of Documentation Clerk
Qualifications for loan documentation specialist
- 2-4 years of loan preparation and processing experience
- Strong aptitude to identify and resolve problems in a timely manner
- Ability to handle various multiple daily tasks
- Intermediate-to-advanced skill-level in and knowledge of various computer software applications, including internet access, database management, and Microsoft spreadsheet, word processing, and electronic mail, software applications
- Basic computer knowledge is essential
- Ability to handle large volumes of work while meeting deadlines
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Loan Documentation Specialist Job Description
Job Description Example
Our innovative and growing company is hiring for a loan documentation specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan documentation specialist
- Prepare loan documentation for all commercial loans types including but not limited commercial real estate, lines of credit, aircraft, preferred mortgages, SBA 7a, Express & 504’s for new loan loans, renewals, and modifications
- Encourage, support, and lead team members in day to day tasks to ensure service level agreements are met or exceeded
- Compile statistical and informational reports for use by senior leadership
- Support and drive division and organizational goals and directives
- Own and resolve escalations from team members, and exercise proper escalation to senior leadership
- Assist in the preparation and facilitation of daily huddles and weekly team meetings
- Produce documents in a timely manner with minimal errors
- Create and review loan files ensuring accuracy and completeness
- Review loan to ensure appropriate collateralization
- Monitor and process transactions for all loans in the portfolio
Qualifications for loan documentation specialist
- Requires High School Degree or Equivalent and 4+ years banking, lending processes and procedures or other directly related experience
- Advanced knowledge of lending systems, specifically the Laser Pro loan system
- Advanced knowledge of computer software programs such as Word and Excel
- Must have excellent audit, data entry and customer service skills
- Ability to resolve and research moderately complex problems
- Must be able to handle stress well under high demand work flow
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Loan Documentation Specialist Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of loan documentation specialist. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan documentation specialist
- Review other team mates preparation of documents for accuracy
- Understand and apply regulatory guidelines and rules to the creation of the document packages
- Validate information received against core applications and Communicate with the Closing Specialist as required
- Read source loan documents and enter data in specific data fields on the dedicated system or technology platform
- As required, provide quality assurance for completed services
- Provide timely response to all internal and external queries
- Maintenance of Documentation Log
- Prepare Amortization Schedules for existing loans when requested by Loan Servicing or Lenders
- Prepares files for Documentation and documents assigned loan requests
- Interaction with carried internal departments such as appraisal, environmental and Bank's Servicing Departments
Qualifications for loan documentation specialist
- Requires experience preparing loan documents
- Ability to handle large volumes of loans
- Ability to review and analyze Commercial Real Estate legal documents
- Experience with loan production systems, Microsoft Word, Microsoft Excel, Outlook, and Internet research
- Ability to comprehend and interpret financial services policies
- Two - Four years of loan preparation and processing experience