Loan Documentation Specialist

Kforce Inc; Marshall (MN); On-site; USD 42,000 - 68,000; Full time

Job summary

Kforce is seeking a Loan Documentation Specialist for a client in Marshall, MN. The role centers on coordinating the preparation of loan and lease packages in compliance with policies, regulatory guidelines, and investor standards.

You will gather and review documents within set timeframes and communicate with staff, customers, realtors, brokers, counsel, and title companies to resolve issues. Strong organizational skills and clear verbal and written communication are essential as you ensure

Qualifications

• Basic knowledge of legal documents used to support loan/lease processing.
• Ability to work with legal to solve complex documentation needs.
• Ability to apply critical thinking for all elements of loan documentation construction.
• Proficiency with Banki.1/2s documentation software.
• Knowledge of closing policies and procedures, funding policies, underwriting requirements, governmental and agency requirements, terminology and automated processing systems.
• Knowledge of applicable credit policies and approval processes for assigned product(s).
• Ability to work effectively and accurately in a fast paced, high production, professional environment.
• Strong organization skills.
• Effective verbal and written communication skills.

Responsibilities

• Coordinates the preparation of loan/lease packages in compliance with policies and procedures, regulatory guidelines and investor standards by gathering and reviewing necessary documents and information within designated time frames.
• Communicates with staff, customers/clients, realtors, brokers, counsel, title companies, etc., to respond to inquiries, resolve problems and obtain additional documents needed to complete the file.
• Ensures compliance with internal policies, regulatory and investor requirements and customer service standards.
• May coordinate the closing and funding of assigned loan packages; Calculating final closing costs and disbursing funds.

Skills

Legal document knowledge

Collaboration with legal

Critical thinking

Banki.1/2s documentation software

Closing/funding policies

Underwriting requirements

Automated processing systems

Credit policies knowledge

Work under pressure

Organizational skills

Communication skills

Tools

Banki.1/2s documentation software

Job description

Responsibilities

Kforce has a client in Marshall, MN that is seeking a Loan Documentation Specialist. Responsibilities:

• Coordinates the preparation of loan/lease packages in compliance with policies and procedures, regulatory guidelines and investor standards by gathering and reviewing necessary documents and information within designated time frames
• Communicates with staff, customers/clients, realtors, brokers, counsel, title companies, etc., to respond to inquiries, resolve problems and obtain additional documents needed to complete the file
• Ensures compliance with internal policies, regulatory and investor requirements and customer service standards
• May coordinate the closing and funding of assigned loan packages; Calculating final closing costs and disbursing funds

Requirements

• Basic knowledge of legal documents used to support applicable loan/lease processing
• Ability to work with legal to solve complex documentation needs
• Ability to apply critical thinking for all elements of loan documentation construction
• Ability to master the banki.1/2s documentation software
• Some knowledge of closing policies and procedures, funding policies, underwriting requirements, governmental and agency requirements, terminology and automated processing systems
• Some knowledge of applicable credit policies and approval processes for assigned product(s)
• Ability to work effectively and accurately in a fast paced, high production, professional environment
• Strong organization skills
• Effective verbal and written communication skills

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

• We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees.
• Salaried personnel receive paid time off.
• Hourly employees are not eligible for paid time off unless required by law.
• Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.