Life Equity Lending Docs Expert: Close Deals with Precision

Busey Bank; Leawood (KS); On-site; USD 40,000 - 52,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical

Dental

Vision

Company-paid life insurance

Long-term disability

Wellness incentives

Employee assistance program

Pre-tax health savings accounts

Flexible spending accounts

Job summary

Busey Bank in Leawood, KS seeks a Life Equity Lending Documentation Specialist to prepare consumer and commercial loan documents per approvals, policy and regulatory requirements. You will analyze approvals and supporting documents to determine required paperwork, ensure legal lien position and collateral coverage, and draft final documents in Laser Pro and the bank's systems.

This role also collaborates with Loan Coordinators, Relationship Managers and Credit to verify content and adherence to

Qualifications

• Strong oral and written communication skills.
• Extensive knowledge of consumer and commercial loan documentation parameters.
• Understanding of regulatory requirements for consumer and commercial loans.

Responsibilities

• Prepare loan documents in accordance with loan approval: loan amounts, pricing (interest rates, index plus spreads, floors, ceilings, and fees), repayment (term and amortizations), collateral including advance rate adherence, and other requirements and conditions precedence.
• Review deal submission and supporting documentation provided through bank's proprietary workflow system to determine the documentation parameters and required contents of the final loan package for closing.
• Collaborate with internal Loan Coordinator, Relationship/Portfolio Manager, and Credit associates on deal structure, supporting documentation and to obtain additional items needed to prepare documents and perfect our security interest.
• Confirm supporting documents adhere to Bank's Policies (CDD, OFAC, and USA Patriot Act) and Regulations (B, O, U and Z), as well as Beneficial Ownership.
• Demonstrate proficiency within the Laser Pro system for doc prep, as well as bank's core system for research purposes and workflow system used for queue assignment and individual deal flow.
• Responsible for meeting and maintaining Service Level Standards, metrics as assigned and individual accountability measures.

Skills

Communication skills

Loan documentation knowledge

Regulatory knowledge

Education

Associate degree in business, Finance, Accounting, Economics or relevant discipline

Tools

Laser Pro

Microsoft Office

Job description

Busey Bank in Leawood, KS seeks a Life Equity Lending Documentation Specialist to prepare consumer and commercial loan documents per approvals, policy and regulatory requirements. You will analyze approvals and supporting documents to determine required paperwork, ensure legal lien position and collateral coverage, and draft final documents in Laser Pro and the bank's systems.

This role also collaborates with Loan Coordinators, Relationship Managers and Credit to verify content and adherence to