Commercial Loan Doc Processor

FIRST STATE BANK; Saint Clair Shores (MI); On-site; USD 32,000 - 42,000; Full time

Benefits offered by this job

Paid Time Off

Paid Holidays

Health, Dental, Vision

401K match

Educational Assistance

Employee Assistance Program

Job summary

FIRST STATE BANK – Commercial Loan Documentation Processor role based at the Operation Center in Saint Clair Shores, MI. This entry-level, full-time position sits in the Loan Documentation department and reports to the Loan Documentation lead.

Responsibilities include pre-closing file review, title and lien perfection due diligence, and preparation of closing packages in compliance with bank policies. Strong communication is essential for internal coordination.

Qualifications

• High school diploma or GED required.
• Six months to one year related work experience preferred.
• Experience with LaserPro preferred.
• Experience with Navigator and Director preferred.
• Strong written and verbal communication skills.

Responsibilities

• Perform initial loan file review, compile checklist, and communicate items needed for pre-closing review.
• Order and review title work, surveys, flood determinations, UCCs, appraisals and other due diligence to perfect the bank's lien position.
• Prepare actual closing packages in accordance with bank approval and policy.
• Review Attorney prepared loan packages to ensure they meet the bank's approval and due diligence requirements.
• Scan closed loans to the loan documentation folders and ensure all requirements are met to fund.
• Fund loans and submit documentation package to loan servicing for booking.
• Maintain a work in progress log.
• Create and maintain a courteous and professional relationship with co-workers while maintaining timely attendance.

Skills

Communication skills

Attention to detail

Loan documentation

Education

High school diploma or GED

Tools

LaserPro

Navigator

Director

Microsoft Word

Microsoft Excel

Job description

Job DetailsLevel: EntryJob Location: Operation Center - Saint Clair Shores, MI 48080Position Type: Full TimeJob Shift: DayJob Category: Banking

FIRST STATE BANK – JOB DESCRIPTION

JOB TITLE: Commercial Loan Documentation Processor

STATUS: Non-Exempt

DEPARTMENT: Loan Documentation

REPORTS TO: Loan Documentation

PRIMARY PURPOSE OF THE JOB:

The Documentation Processor is responsible for the preparation of Commercial Loan closings.

ESSENTIAL DUTIES:

• Perform initial loan file review, compile checklist, and communicate to Lender's items needed for pre-closing review


• Order and review title work, surveys, flood determinations, UCC's, appraisals and any other due diligence required to perfect the bank's lien position


• Prepare actual closing packages in accordance with Bank approval and policy


• Review Attorney prepared loan packages to ensure they meet the banks approval and due diligence requirements


• Scan closed loans to the loan documentation folders and ensure all requirements are met to fund


• Fund loans and submit documentation package to loan servicing for booking


• Once loan is booked scan closing files to Director


• Maintain a work in process log


• Help maintain vault as necessary


• Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance

OTHER DUTIES:

• Back up post close review as necessary


• Other duties as assigned

REQUIRED EXPERIENCE/SKILLS:

• Six months to one year related job experience preferred


• Experience with Laserpro preferred


• Experience with Navigator and Director preferred


• Strong written and verbal communication skills

REQUIRED EDUCATION:

• High school diploma or equivalency (GED)

WORKING CONDITIONS:

• Office environment with little exposure to physical hazards or conditions


• Ability to enter data into a computer and work with computer programs: Microsoft Word and Excel


• Ability to stand and/or sit for long periods of time


• Ability to reach with hands and fingers, touching computer buttons/adding machine buttons for extended periods of time


• Ability to use fingers and hands to answer telephone repeatedly

WHAT CAN WE OFFER YOU:

• Working with an energetic team focused on making our customers financially successful!


• An opportunity to grow your career and do amazing things!


• Collaborative and energetic work environment


• Incentive program based on performance


• Paid Time Off (PTO) and Paid Holidays for Full Time/Part Time Employees


• Paid time to support your community!


• Health, Dental, Vision (Full Time)


• 401K match and Life Insurance (Full Time/Part Time Employees)


• Educational Assistance Program (Full Time/Part Time Employees)


• Employee Assistance Program

Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Bank's Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and it's Customer Identification Program. Failure to comply with either the letter and/or spirit of these laws may result in disciplinary action, up to an including termination.

This job description does not list all the duties of the job. You may be asked by supervisors or managers to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.

Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

Qualifications