What are the responsibilities and job description for the Commercial Quality Control Specialist I position at Trustmark National Bank?
Overview
The purpose of this job is to perform pre-closing reviews of documents prepared by central document preparation. This includes reviewing real estate, multiple collateral commercial, security, compliance and related correspondence for completeness and accuracy while also ensuring all documentation is in accordance with the loan application. Additionally, this position will ensure all documents are prepared in compliance with all applicable state and federal laws. This job requires the ability to proficiently review loans for one or more market areas and communicate necessary changes to Commercial Document Preparation Specialists.
Responsibilities
- Review and interpret loan applications and related data to determine collateral classifications and to ensure appropriate documents are prepared to perfect lien.
- Review CDP prepared commercial loans, including all real estate, security, and compliance documents for accuracy, completeness, adherence to perfection, compliance guidelines of applicable state and federal laws and bank policy and procedures.
- Determine if deed of trust/mortgage is prepared in accordance with vested ownership of real property.
- Determine appropriate repayment and rate language in non-standard documents prepared by CDP.
- Determine type of security agreement needed based on type of collateral.
- Determine appropriate filing locations for UCCs based on collateral and entity type.
- Deliver prepared loan documents to Lenders and/or attorneys for closing via email or electronic signature.
- Input data into various bank systems to facilitate the document preparation and loan booking process.
- Perform other duties as assigned.
Qualifications
- High school diploma or GED required with two-year college education preferred
- One year work experience in a document quality control role preferred
- Knowledge of real estate, multiple types of commercial collateral, security and lien perfection requirements preferred
- Knowledge of loan compliance regulations preferred
- Knowledge of business entity structures preferred
- Display strong attention to detail skills
- Ability to effectively manage time and prioritize workload in a fast-paced environment
- Display strong communication, interpersonal and organizational skills
- Provide excellent customer service skills
- Ability to effectively use Microsoft Office and other document management type software