Job Details: Job Location: Downtown - Edmond, OK, Position Type: Full Time, Education Level: 4 Year Degree, Salary Range: Undisclosed, Travel Percentage: None, Job Shift: Day, Job Category: Banking,
Job Title: Loan Documentation Specialist
Department: Loan Operations
Reports to: VP of Loan Operations
Status: Exempt
Job Summary
The purpose of this job is to prepare loan documentation within the loan platform system and review loan documents for compliance, accuracy, and completeness.
Knowledge, Skills, and Abilities
General knowledge of lending compliance laws and regulations, with a willingness to gain in- depth knowledge as needed
Working knowledge of the principles of loan documentation and perfection of security interests
Strong decision-making and analytical skills
Excellent interpersonal, verbal, and written communication skills
Extremely detail oriented with good organizational skills
Computer literate with the ability to learn to use specialized lending software programs
Commitment to policy and regulatory adherence
Essential Job Functions
Prepare loan documents in accordance with policy and loan approval
Review centrally prepared loan documents prior to closing for accuracy, completeness, and compliance with laws, regulations, and bank policy
Work directly with the Commercial Relationship Managers to aid in facilitating loan closings
Maintain an accurate loan policy waiver report
Maintain an accurate loan-to-value exception report
Maintain an accurate tracking of HMDA reportable transactions to be reported on the bank’s LAR
Assist lending staff, at all levels, with compliance questions
Assist in Scanning and Indexing documents into Synergy
Assist with loan advances, loan payments, and research
Assist with booking and selling secondary market loans
Assist with tracking exceptions
Performs other duties as assigned and directed by management
Equipment Operated
Calculator, fax, copier, telephone, computer printer, and a PC with the following computer software: LaserPro, CreditQuest, DecisionPro, Silverlake, Synergy, Teslar, Adobe Acrobat, Word, and Excel.
Work Environment
Work is performed primarily at a desk. The position requires regular contact with employees and occasionally customers/vendors, both in person and on the phone. The noise level in the work environment is usually moderate.
Physical Demands
While performing the duties of this job, the employee is required to communicate effectively with others, sit, stand, walk, and use hands to handle keyboard, telephone, paper, files, and other equipment and objects. The position requires the ability to create and review detailed documents and read computer screens. Reasonable accommodation While performing the duties of this job, the employee is required to communicate effectively with others, sit, stand, walk, and use hands to handle keyboard, telephone, paper, files, and other equipment and objects. The position requires the ability to create and review detailed documents and read computer screens. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job responsibilities.
Employee Acknowledgement
This job description describes the general nature and level of work performed by employee assigned to this position. It does not state or imply that these are the only duties and responsibilities assigned to the job. The employee may be required to perform other job-related duties as requested by the supervisor. All requirements are subject to change over time, and to possible modification to reasonably accommodate individuals with a disability.
Employee Signature: Date:
(EOE)Qualifications: Job Qualifications
Bachelor’s degree in business, finance, or a related field; or equivalent professional experience or education.
Minimum of three to five years of experience working in a financial institution setting.