Consumer Loan Documentation Specialist

MidFirst Business Credit, Inc.; Los Angeles (CA); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Paid holidays

Vacation

Sick leave

401(k) plan

Job summary

A financial institution in Los Angeles is seeking a Loan Documentation Specialist responsible for preparing loan documentation for consumer loans. The ideal candidate will have 5-7 years of experience in documentation within a financial institution and excellent communication skills. Responsibilities include ensuring documentation compliance, coordinating with title companies, and preparing complete loan packages. The position offers a salary range of $65,000-$90,000 and a comprehensive benefits package including medical, dental, and 401(k) plan.

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 according to the Bank's loan approval process.
• Order UCC and corporate searches for due diligence.
• Ensure loan document packages are complete and ready for funding.
• Coordinate closing procedures with title and escrow companies.
• Perform credit and public record information searches.

Skills

Document preparation

Loan servicing

Verbal communication

Written communication

Familiarity with LaserPro

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.

• 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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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