Commercial Loan Documentation Specialist

First Mid; Champaign (IL); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health, dental & vision with HSA match

401(k) with employer match

Employee Stock Purchase Plan

Generous PTO, holidays & parentalleave

Tuition reimbursement & bonuses

Job summary

First Mid-Illinois Bancshares, Inc. seeks a Commercial Loan Documentation Specialist in Champaign, IL to analyze and finalize loan documentation for complex commercial and CRE loans.

You will minimize risk by ensuring accuracy and timely delivery while communicating status with loan teams. The role requires 3+ years in banking or loan processing, strong Excel and policy knowledge, and the ability to train others.

Qualifications

• Requires 3+ years in banking, clerical, or loan processing.
• Thorough knowledge of loan documentation, internal policies and applicable regulations.
• Ability to identify non-compliance and resolve deficiencies in loan files.
• Experience with complex commercial and CRE loan documentation.
• Proficient in Microsoft Office; advanced Excel.
• Excellent communication and organizational skills.
• Willingness to work extended hours when needed.

Responsibilities

• Identify and report incidences of non-compliance in loan files and analyze regulatory compliance.
• Develop and maintain understanding of regulatory and policy exceptions.
• Review entity documents, confirm authorization to borrow, determine approved signers.
• Review loan write-ups and apply terms to document production.
• Coordinate with loan officers/processors to resolve discrepancies and communicate status.
• Provide training for complex loans including SBA, trusts, and multi-collateral structures.
• Coach Loan Processors and identify control weaknesses.
• Handle complex customer issues and diverse projects.
• Coordinate collateral verifications (UCC searches, title commitments).
• Maintain documentation checklists for compliance and procedural changes.
• Share subject-matter knowledge with staff on loan documentation.
• Review monthly analytics reports for data integrity.
• Assist in conversion mapping with Fiserv; participate in validation.
• Backup for related roles; complete required training.

Skills

Loan documentation

Compliance knowledge

Microsoft Excel

Communication skills

Analytical thinking

Mentoring

Education

High School diploma

Associates preferred

Tools

PREMIER system

Microsoft Office

Job description

Position:Commercial Loan Documentation Specialist

Location: Champaign, IL

Job Id:4882

# of Openings:0

At First Mid, base salary is one component of our Total Rewards program.Exact compensation is determined by factors such as (but not limited to) education, skills,internal equity,and experience.This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

The Commercial Loan Documentation Specialist is responsible for analyzing loan documentation, including complex commercial and commercial real estate loans, ensuring the accurate and timely delivery of loans while minimizing documentation and collateral risk factors to the bank.

Responsibilities include, but are not limited to:

• Responsible for identifying and reporting incidences of non-compliance to procedures, policy and regulations in completed commercial loan files. Completes an analysis of compliance with regulations, internal policies and procedures and works with processors/loan officers to clear deficiencies.
• Develop and maintain an understanding of updated regulatory and policy exceptions.
• Reviews and understands business entity documents, confirms authorization to borrow/guaranty, determines approved signers, and ensures resolutions and loan documents are drafted appropriately.
• Reviews and analyzes loan write-ups and applies the approved terms and conditions to loan document production.
• Executes and leads communication with loan officers/loan assistants/credit administration/loan processors to identify solutions for any discrepancies and to obtain missing information &/or documentation. Delivers constant communication of the loan processing status.
• Provides training for complex loans including the preparation of required documents for complex entity structures, multi-cross collateralized loans, SBA loans, government guarantees, out-of-state collateral, documentation perfection, trusts and complex real estate structures.
• Coaches and mentors Loan Processors and Loan Processor Specialist. Proactively identifying control weaknesses to Loan Operations Officer with recommendations for skill development based on recurring issues identified while analyzing completed loans.
• Handles complex customer issues and works on projects of diverse complexity and scope.
• Analyzes, investigates and coordinates collateral verifications through Uniform Commercial Code (UCC) searches, title commitments and appraisals. Initiates/creates/ensures lien perfection based on type of collateral, law, regulations and geographical location.
• Responsible for reviewing and updating the input and documentation checklists for compliance, procedural changes and to maintain standards for the loan documentation process.
• Provides subject matter expert knowledge to the loan officers and branch loan personnel answering questions regarding loan documentation, and loan documentation status.
• Reviews various monthly business analytics reports for system data integrity, determines corrective action and maintains the system for any errors identified.
• Implements new processes and procedures.
• Serves as a member of the conversion mapping and validation team for conversions. Will be responsible for ensuring coding of target banks loans is completed in an accurate manner. Works closely with Fiserv in the writing and testing of the conversion program.
• Backup for Consumer Loan Documentation Specialist and Loan Operations Coordinator.
• Completes required training associated with job function.
• Performs other related duties as assigned.

Qualifications

Education

• High School diploma or equivalent, Associates preferred.

Experience

• 3+years banking, clerical or loan processing experience.

Skills

• Extensive knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure all loans meet necessary requirements.
• As a subject matter expert, provides recommendations to leadership and guidance to staff members. Promotes the development of effective team relationships and functions in various capacities to ensure the success of team efforts.
• Broad knowledge of loan documentation, including commercial and commercial real estate, loan provisions/terms, and compliance.
• High level of interpersonal skills to interact professionally with processors, loan officers, regional presidents and Chief Credit Officer.
• Must be able to work with a significant amount of detailed information in an accurate, timely and confidential manner.
• Proficient in Microsoft Office products. Advanced working knowledge of excel.
• Thorough understanding of the loan processing and PREMIER systems.
• Strong communication, organization and time management skills.
• Occasionally be required to work earlier or later than the normal workday.

Total Rewards

• Competitive health, dental & vision coverage with HSA match
• 401(k) with employer match + Employee Stock Purchase Plan
• GenerousPTO, paid holidays & parental leave
• Tuition reimbursement & performance-based bonuses

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT