JOB SUMMARY
Under minimal supervision, the Loan Documentation Specialist II prepares and reviews all loan documentation of the Banks basic to complex commercial, real estate and consumer loans using primarily the LaserPro loan documentation preparation system. Verifies that the documents prepared conform to the credit approval, the Banks credit policies and all pertinent laws and regulations. Assists with the administration of the LaserPro system. Assists with the ordering of title policies and flood determinations.
PRIMARY FUNCTIONS
1. Analyze entity documentation for borrowers, guarantors and collateral grantors to verify good standing and to ensure loan documents are properly prepared and authorized.
2. Verify that all approved loans conform to the Banks policies and all pertinent governmental laws and regulations. This includes verifying that all Credit Authorizations evidence appropriate approval levels based on the customers total commitments and loan amount and loan type.
3. Interact with appropriate loan assistants and lending unit personnel and review the approved Credit Approval form to determine the loan documentation requirements.
4. Prepare loan documents based on loan due diligence and the approved Credit Authorization, primarily using the LaserPro loan documentation preparation system.
5. Review documents prepared by other documenters in the Note Dept. Managers absence.
6. Assist with the administration of the LaserPro documentation preparation system.
7. Assist with ordering title policies.
8. Assist with ordering flood determinations.
9. Support coordination of the issuance of all trade Letters of Credit via correspondent banking relationships.
10. Accountable to understand and ensure regulatory and policy compliance with state and federal requirements including the following (but not limited to) Bank Secrecy Act, Anti-Money Laundering Act, Community Reinvestment Act, OFAC Regulations and Fair Lending and all applicable bank and government regulations.
11. Attend training and maintain a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities, with an emphasis on the BSA/AML/CIP, Consumer Privacy, Regulation CC, Information Security, Bank Protection Act, FACT-Identity Theft, Information Technology and GLBA.
12. Perform other duties as assigned.
QUALIFICATIONS
Education/Training/Experience:
Required: High School Diploma; and minimum 6 years related experience in loan documentation preparation and closing, or equivalent combination of education and experience. Must be well versed in all lending laws and regulations and LaserPro documentation software
Desirable: Experience in all phases of documentation preparation with emphasis on commercial and real estate lending.
Knowledge:
Good working knowledge of personal computers and software
Proficient in the use of LaserPro documentation software
Basic knowledge of loan accounting systems functions and procedures
Bank marketing, operations and other daily banking functions to maintain understanding of customer management and product delivery in general
Banking laws, policies and procedures, service, and credit products
General accounting and mathematics
Abilities:
Detail oriented, able to multi-task and highly organized
Able to read and comprehend legal documents, procedure manuals and governmental regulations and apply same to job responsibilities as needed
Enter data in personal computer, use a calculator; operate telecommunications equipment and other office equipment
Use word processing, spreadsheet, graphics, and database software applications, as well specialized financial systems software
Plan, organize and prioritize tasks to meet deadlines
Analyze and solve work problems
Follow oral and written instructions
Communicate effectively with co-workers, consultants, regulators, and other parties
Prepare clear and concise reports and other documentation and correspondence
Licenses; Certificates; Special Requirements:
None
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