Consumer Loan Documentation Specialist

MidFirst Bank; Los Angeles (CA); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Paid holidays

401(k) plan

Job summary

A financial institution in Los Angeles seeks a Loan Documentation Specialist to prepare loan documentation for consumer loans according to the bank's approval process. Responsibilities include coordinating with title companies, ensuring document completeness, and performing due diligence. Candidates must have 5-7 years of documentation experience and strong communication skills. Benefits include medical coverage and paid time off. Salary ranges from $65,000 to $90,000 depending on experience.

Qualifications

• 5-7 years of documentation experience in a financial institution.
• Experience with loan servicing consumer loans and loan documentation preparation.
• Excellent verbal and written communications skills.

Responsibilities

• Prepare loan documentation for consumer loans.
• Order UCC searches and corporate searches.
• Ensure loan document packages are complete for funding.

Skills

Documentation experience

Verbal communication

Written communication

Education

High school diploma or equivalent

Tools

LaserPro Documentation preparation software

Job description

1st Century Bank, a division of MidFirst Bank, is a full service bank with a vision of unparalleled client service in Los Angeles. The Bank's core principles are flexibility, responsiveness, and the ability to create tailored solutions, coupled with its commitment to provide exceptional client service. Our bankers work in a team effort to develop a deep understanding of their clients, and work with and on their behalf to develop solutions tailored to meet their needs. Nothing is overlooked. Everything is considered.

The Loan Documentation Specialist will be accountable and responsible for preparing loan documentation for consumer loans in accordance with the Bank's loan approval process. Ensure timely disposition and control of legal documentation, collateral and documentation records as well as that the documents requested comply with Bank's policy.

Responsibilities

• Accountable and responsible for preparation of loan documentation for consumer loans in accordance with the loan approval process.
• Order UCC searches, corporate searches and other due diligence as required.
• Ensure loan document packages are complete and ready for funding and boarding including coordination with title and/or escrow companies for closing, obtaining pay off demand statements and appropriate insurance coverage, when required.
• Coordinate final preparation of loan documents and closing procedures with applicable parties.
• Perform credit and public record information searches.

Position Requirements

• 5-7 years of documentation experience in a financial institution
• Work related experience of loan servicing consumer loans and loan documentation preparation.
• High school diploma or equivalent
• Excellent verbal and written communications skills
• Experience with LaserPro Documentation preparation software is a plus

Salary Range: $65,000.00 - $90,000.00. Exact offers will be determined based on job-related knowledge, skills, experience, and location. Benefits: The bank offers a comprehensive benefits package including medical, dental, and vision coverage; paid holidays, vacation, and sick leave; and a 401(k) plan. Hours of paid leave may vary based on position.