Documentation Preparation Specialist II

Stride Bank, N.A.; Oklahoma City (OK); On-site; USD 50,000 - 70,000; Full time

Job summary

A regional financial institution in Oklahoma City is seeking a Documentation Preparation Specialist II to support loan production teams. Your tasks will include preparing and reviewing loan documents to ensure compliance with applicable regulations. The ideal candidate will possess a Bachelor's degree in Business Administration or Finance, or equivalent experience, along with 3-5 years in a financial institution's lending sector. Knowledge of loan documentation is essential for this position.

Qualifications

• Bachelor's degree or 5 years' experience in related field.
• 3-5 years in financial institution with lending experience.

Responsibilities

• Support loan production teams with document preparation.
• Verify documentation for underwriting and assess compliance.
• Prepare and review loan documents for accuracy and completeness.
• Identify and communicate loan exceptions as needed.

Skills

Loan documentation criteria understanding

Knowledge of lending practices

Administrative experience

Ability to evaluate loan documents

Education

Bachelor's degree in Business Administration, Finance or related field

5 years’ equivalent work experience

Job description

The Documentation Preparation Specialist II supports the commercial loan production teams through courteous, timely, and accurate preparation and review of loan documents. Gathers, compiles, and evaluates information, as well as obtains documents necessary for timely completion of a loan, up to closing.

Principle Duties And Responsibilities

• Works directly with the loan production officers and assistants to aid in facilitating loan closings.
• Responsible for verifying proper documentation required for underwriting.
• Prepares loan documents in accordance with the Bank’s credit policy and loan approval and in compliance with local, state, and federal regulatory requirements.
• Reviews centrally prepared loan documents prior to closing for accuracy, completeness, and compliance with local, state, and federal regulatory requirements, and the Bank’s credit policy.
• Identifies, tracks, and communicates loan exceptions, as needed.
• Scans and maintains the signed closing documents and all related file documentation.
• Performs other duties as assigned.

Qualifications

EDUCATION AND/OR EXPERIENCE

• Bachelor's degree in Business Administration, Finance, or related field, or minimum 5 years’ equivalent work experience, required.
• 3-5 years’ experience in financial institution producing commercial, agriculture, consumer, and mortgage lending, required.

Knowledge, Skills, And Abilities

• Extensive administrative or professional experience in a relevant field that provides the background and experience necessary to guide the Bank’s commercial lending portfolio servicing activities in a financially safe and sound manner.
• Thorough knowledge of commercial, agriculture, mortgage, and consumer lending practices.
• Thorough understanding of loan documentation criteria and business objectives.
• Ability to read, comprehend, and evaluate detailed and complex loan documents.