Loan Documentation Administrator Sr

Wintrust Financial Corporation; United States; On-site; USD 59,000 - 77,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life Insurance

Disability Insurance

Parental Leave

Employee Assistance Program

401(k) with company match

Flexible Spending Account

Employee Stock Purchase Plan

Critical Illness Insurance

Accident Insurance

Transportation Benefits

Banking Benefits

Pet Insurance

Job summary

Wintrust Financial Corporation in Chicago, IL, is seeking a senior Loan Documentation Administrator to manage LaserPro loan documentation for complex commercial and real estate transactions. You will review attorney-prepared documents, ensure due diligence, and prepare files for funding while coordinating with lenders and counsel.

You will also perform post-closing reviews, identify trailing documents, and support the servicing team.

Qualifications

• Minimum 3-5 years of experience preparing/reviewing very complex and high dollar commercial and commercial real estate loan transactions.
• Strong understanding of commercial lending concepts and experience in a loan operations environment handling and supporting commercial lending staff.
• Excellent knowledge and understanding of collateral perfection requirements, commercial loan documents, corporate credit policy, approval levels, the workings of a larger loan operations group and some basic loan accounting knowledge and audit controls.
• Wide experience level of commercial real estate and the more complex workings of real estate lending and working with title companies.
• Superior communication skills (both written and verbal) and the ability to partner with commercial lenders and support staff to ensure that transactions are completed satisfying both Bank requirements and customer expectations.
• Ability to determine appropriate level of flexibility in procedures and policies to assist lenders in closing loan transactions.
• Strong use of common-sense approach to assisting lending staff.

Responsibilities

• Prepare LaserPro loan documentation and review attorney-prepared documents for complex and multi-million-dollar commercial loan transactions.
• Review post-closing to ensure due diligence and executed loan documents are present.
• Identify trailing documentation exceptions and prepare the file for Servicing Review.
• Ensure the loan structure can be accommodated on loan systems and enforce corporate due diligence and compliance requirements.
• Communicate with lender and lending support staff to resolve issues during documentation preparation and attorney review.
• Seek attorney guidance when needed and request specialized language to protect the Bank’s interests.
• Consult with the Bank’s Chief Credit Officers for clarification when appropriate.
• Complete post-closing review, determine trailing documentation, and prepare final file for booking and funding.

Skills

Commercial lending knowledge

Loan operations experience

Communication skills

Attention to detail

Collateral perfection

Job description

Why join us?

An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years) Competitive pay and discretionary or incentive bonus eligible Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few Family-friendly work hours With 175+ community bank locations, we offer opportunities to grow and develop in your career Promote from within culture Why join this team? We have a culture that encourages an entrepreneurial spirit We offer multiple opportunities for development and upward mobility

What you'll do:

The Loan Documentation Administrator Sr. position is responsible for preparation of LaserPro loan documentation and the review of attorney prepared documents for complex and multi-million-dollar commercial loan transactions including option-based pricing loans, Swaps, Syndications, Participations, First Insurance transactions, Capital Markets, Capital Call Lines, Leveraged Loan Transactions, Institutional loans, Government and Municipal lending, Franchise lending, Wintrust Business Credit monitored loans, international transactions and commercial real estate transactions. Additionally, this position reviews same transactions post-closing ensuring that all due diligence and executed loan documents are present, identify trailing documentation exceptions and prepare the file for Servicing Review complex attorney prepared documents for lending groups ensuring that the structure of the loan can be accommodated on loan systems. Appropriately enforce all corporate due diligence and compliance requirements. Communicate effectively with lender and/or lending support staff regarding issues, questions or additional information needed during the documentation preparation and/or attorney review stage to ensure that Loan Operations and the lending staff are working together to meet borrower needs. Seek attorney assistance on questions/issues arising from both preparation and review of loan documents. Determine when it is necessary to reach out to counsel for guidance and assistance with questions as well as request and utilize specialized language as needed to protect Bank’s interest in the loan transaction. Seek guidance of Bank’s Chief Credit Officers at appropriate times to assist in clarification of loan transactions. Complete post-closing review of documentation to ensure due diligence document requirements have been completed and executed loan documents are present. Identify trailing documentation exceptions for entry by Collateral team. Prepare the final file for booking and funding. Complete analysis of real estate tax bills to determine monthly escrow payments as well as beginning balance for real estate transactions. Assist in providing guidance and training to team members as need arises.

Qualifications

• Minimum 3-5 years of experience preparing/reviewing very complex and high dollar commercial and commercial real estate loan transactions.
• Strong understanding of commercial lending concepts and experience in a loan operations environment handling and supporting commercial lending staff.
• Excellent knowledge and understanding of collateral perfection requirements, commercial loan documents, corporate credit policy, approval levels, the workings of a larger loan operations group and some basic loan accounting knowledge and audit controls.
• Wide experience level of commercial real estate and the more complex workings of real estate lending and working with title companies.
• Superior communication skills (both written and verbal) and the ability to partner with commercial lenders and support staff to ensure that transactions are completed satisfying both Bank requirements and customer expectations.
• Ability to determine appropriate level of flexibility in procedures and policies to assist lenders in closing loan transactions.
• Strong use of common-sense approach to assisting lending staff.

Benefits

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

Compensation

The estimated annual salary range for this role is $59,000-$77,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories. Wintrust provides community and commercial banking, specialty finance and wealth management services, delivering the sophisticated solutions of a large bank through a relationship-focused approach built from our community banking roots. Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here.