Loan Documentation and Funding Specialist II

Midland States Bank; Effingham (IL); On-site; USD 45,000 - 60,000; Full time

Job summary

A leading bank is seeking a Loan Documentation and Funding Specialist II to ensure timely preparation of loan documentation and compliance with regulations. The role involves cross-training and supporting team members while providing exceptional service to clients. Ideal candidates will possess relevant educational qualifications and experience in banking, alongside strong decision-making and adaptability skills.

Benefits

Comprehensive healthcare

Paid family leave

Generous paid time off

Employee Stock Purchase Plan

401K plan with company match

Qualifications

• Bachelor’s Degree or Associate’s Degree with 3-5 relevant banking experience.
• Practical experience in loan documentation or compliance is a plus.

Responsibilities

• Prepare quality documentation for consumer and commercial loans.
• Ensure compliance with loan policies and regulatory requirements.
• Provide exceptional customer service to customers and business partners.

Skills

Business insight

Cultivates innovation

Drives results

Makes sound decisions

Flexible and adaptable

Education

Bachelor’s Degree

Associate’s Degree

Tools

Microsoft Office Suite

Job description

Loan Documentation and Funding Specialist II

Join to apply for the Loan Documentation and Funding Specialist II role at Midland States Bank

Loan Documentation and Funding Specialist II

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Join to apply for the Loan Documentation and Funding Specialist II role at Midland States Bank

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

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. This role will cross-train, assist and support other job functions as needed in order to foster and sustain a strong team environment.

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. Seen as the expert and point of expertise both within and outside the department.
• 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.
• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• 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. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

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 [e-mail].

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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