Loan Documentation and Funding Specialist

Midland States Bank; Effingham (IL); On-site; USD 27,552 - 33,062; Full time

Job summary

A regional financial institution in Effingham, IL, is seeking a Loan Documentation and Funding Specialist. The role involves preparing quality loan documentation, ensuring compliance with banking policies, and providing exceptional customer service. Candidates should have a degree and relevant experience in banking. A competitive hourly wage of $20-$24 is offered.

Qualifications

• Bachelor's Degree or Associate's Degree with relevant banking experience.
• Practical experience in loan documentation or compliance is a plus.
• Ability to learn new software and programs.

Responsibilities

• Prepare quality documentation for consumer and commercial loans.
• Validate and complete complex loan documentation.
• Provide exceptional customer service to customers and partners.
• Train and mentor new team members.

Skills

Microsoft Office Suite

Loan documentation

Customer focus

Effective communication

Decision-making

Education

Bachelor’s Degree

Associate’s Degree with 3-5 relevant banking experience

Job description

Loan Documentation and Funding Specialist

At Midland, we’re proud to be a little different. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.

For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Position Summary

Responsible for the timely preparation of quality documentation as well as the centralized funding and quality control/audit functions for consumer, small business and commercial loans once the executed documents have been imaged. The Loan Documentation and Funding Specialist must ensure that the bank is consistently adhering to loan policies and guidelines in addition to meeting all legal, regulatory and compliance requirements.

Primary Accountabilities

• Receives, validates and completes complex loan documentation, funding and quality control research requests.
• Consistently demonstrates a comprehensive understanding of the bank’s underwriting and documentation platforms.
• Prepares timely, accurate consumer/commercial loan documents which meet the requirements as outlined in the credit approval, the bank’s loan policy and regulatory guidelines for new loan transactions, renewals, extensions and modifications.
• Performs a timely check of loan documents created by other Loan Documentation Specialists before they are released to the Markets.
• Escalates questionable transactions and reoccurring issues to management in a clear and timely manner.
• Verifies data held on the bank’s core application and any auxiliary systems to ensure all coding agrees with the credit approval and the supporting documentation held in the bank’s imaging system.
• Performs all tasks related to the controlled distribution of loan funds and collateral perfection on Consumer and Commercial Loans
• Observes all security, privacy, and compliance requirements.
• Consistently meets SLA timeframes.
• Identifies and electronically pulls documents from the bank’s underwriting platforms into the bank’s archive system as needed.
• Provides exceptional customer service to our customers and business partners.
• Trains others in the performance of Loan Documentation and Funding and acts as a mentor to new team members.
• Assists with the development and execution of onboarding and cross-training plans.
• Displays exceptional teamwork and contributes to a positive culture.
• The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
• May require work in a Midland office to ensure collaboration and support of internal and external customers.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
• Other duties as assigned.

Position Qualifications

Education/Experience:

• Bachelor’s Degree or Associate’s Degree with 3-5 relevant banking experience and/or knowledge within a specific service/product line.
• Practical experience in loan documentation, loan compliance, lending, or a closely related field is a plus.
• Demonstrated ability to learn and use new software and programs.
• Proficient in Microsoft Office Suite.

Competencies:

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer.

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at [e-mail].

We offer a competitive salary range of $20-$24 per hour.