Documentation Specialist Commercial Lending
Peoria, AZ 
Share
Posted 27 days ago
Job Description
Description

This position is primarily responsible for preparing and ensuring proper documentation is in place to establish a legally binding contract with borrowers, including Loan Estimates and Closing Disclosures. Position is also responsible for securing liens on collateral, and ensuring loans comply with internal bank policies, as well as federal and state regulations.

* Ensures 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.
* Ensures work is completed on time and accurately by planning, coordinating and monitoring daily activities.
* Communicates with loan officers for any additional information needed to prepare loan documents.
* Orders UCC searches, corporate searches and other due diligence as required.
* Ensures loan document packages are complete and ready for funding and boarding including coordination with title and/or escrow companies for closing, obtaining pay off demand statements and obtaining appropriate insurance coverage, when required.
* Responsible for security of loan documents, promissory notes and valuable assets, including the perfection of the Bank's interest in collateral and protection of documents which represent the Bank's security interest (such as securities, recorded deeds, vehicle registration, UCC-1 forms, insurance coverage and other forms of collateral.)
* Miscellaneous duties as assigned.

Position Requirements:

Bachelor degree in a business related field with at least one year of loan documentation preparation experience preferred. Three or more years of loan processing experience, including loan document preparation, may be considered in lieu of bachelor degree, consumer experience preferred.

Additional Requirements:

- Working knowledge of credit agreement covenants, loan documentation in multiple states.
- Comply with Article 9, UCC, Regulations B, C, Z, RESPA, Fair Credit Reporting Act, TRID and other federal and state laws and regulations.
- Working knowledge of complex consumer transactions, understanding of title reports and exceptions, and familiarity with Loan Estimates and Closing Disclosures.
- Working knowledge of commercial and consumer lending policies.
- Excellent interpersonal, written and oral communication skills are required.
- Ability to make sound decisions and produce great work under general or limited supervision.
- Highly proficient PC skills including MS Word, MS Excel, and programs used to generate loan documents (knowledge of LaserPro is a plus).
- Ability to adjust priorities to changing circumstances and maintain quality in fast paced atmosphere.
- Great organization skills, very detailed oriented.



Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

MidFirst and its affiliates are Equal Opportunity Employers- M/F/Disability/Vets
A Drug Free Workplace

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
1+ years
Email this Job to Yourself or a Friend
Indicates required fields