LOAN DOCUMENTATION SPECIALIST

Southwest Bank; Odessa (TX); On-site; USD 52,000 - 78,000; Full time

Job summary

Southwest Bank is seeking a Loan Documentation Specialist to support the Commercial Loan officer by assembling a fully documented loan file for funding. You will coordinate consumer, commercial, and CRE documents to meet closing timelines and review third-party reports for accuracy.

Responsibilities include obtaining origination information, preparing loan packages for various loan types, and ensuring compliance with federal regulations and bank policies.

Qualifications

• High School Diploma or GED required.
• Associates degree or equivalent work experience preferred.
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively as the situation dictates.
• Knowledge of LaserPro or equivalent loan documentation system.
• Knowledge of banking industry including loan accounting.
• Understanding of commercial and consumer loan documents.
• Ability to handle confidential information.
• Strong computer and organizational skills.

Responsibilities

• Assemble and coordinate a fully documented loan file for submission and funding.
• Coordinate consumer, commercial and commercial real estate loan documents to meet closing timelines.
• Review third party documents such as title and appraisals for accuracy.
• Obtain information related to the loan origination process (credit reports, appraisals, title reports, UCC searches, environmental reports, etc.).
• Prepare and reconcile origination documents for various loan types.
• Review outside counsel documentation prior to closing and conduct pre-closing reviews.
• Ensure compliance with Federal regulations and Credit Policy Guidelines; verify all required documents are on file.
• Maintain confidentiality and manage multiple projects with accuracy and minimal supervision.

Skills

Clear communication

Interpersonal skills

Independent work

Collaborative work

Verbal communication

Written communication

Attention to detail

Education

High School Diploma or GED

Associate’s degree or equivalent experience

Tools

LaserPro

Microsoft Excel

Microsoft Outlook

Microsoft Word

Job description

The Loan Documentation Specialist provides professional support services to the Commercial Loan officer by assembling a completely documented loan file preparing for submission of the loan file for funding. The processor will interact frequently with the lender and other bank staff in preparation of the lending documentation.Coordinates consumer, commercial and commercial real estate loan documents for processing to meet scheduled closing timeframes. Reviews third party documents such as title and appraisals. Verifies accuracy of the loan docsObtains information related to the loan origination process including ordering credit reports, appraisals, preliminary title reports, UCC searches, environmental reports, insurance information, flood certificates, Secretary of State filings and various other itemsPrepares and reconciles the loan origination documents for commercial, commercial real estate, construction and consumer loansReview outside counsel documentation prior to closingConducts pre-closing review of loan documentsReview loan packages for compliance with Federal regulations and Credit Policy GuidelinesReview closed loan packages to ensure required and properly executed documents are on fileDaily review of critical loan information after previous day’s workGeneral knowledge of the type of documentation required for perfected lienKnowledge/understanding of the necessary documentation for disclosure and complianceComplies with federal and state regulations and all established Bank policiesImmediately reports and resolves any issue that requires corrective action and meets all regulatory timelines.Complete duties by pre-established deadlines when necessaryEnsures that professional and cost-effective business and trade professionals in a confident professional wayEnsures all requirements and conditions to close are satisfied before releasing documents for closingUtilize technology to solve root causes of issue and to eliminate manual processesGain good knowledge of compliance and regulation proceduresWorking knowledge of Microsoft products such as Excel, Outlook and WordBe able to manage multiple projects/duties with accuracy and minimal supervisionDisplay a positive team working attitude with associates in all departmentsHave a positive, professional and courteous interaction with associates and customers, when necessaryAble to work with third party vendors and be familiar with their product reportingKnowledge, Skills and AbilitiesKnowledge of LaserPro or equivalent loan documentation systemAdvanced knowledge of Microsoft office products and the ability to grasp computer software conceptsKnowledge of the banking industry including loan accountingKnowledge and understanding of commercial and consumer loan documentsUnderstanding of corporate structuresAbility to work in an organized manner and maintain confidentialityAbility to understand financial information, including but not limited to income and expense statement, balance sheet, tax documents, corporate annual reportsAbility to communicate effectively verbally and in writingAbility to establish and maintain effective working relationships with employees and customersJOB SKILLS AND QUALIFICATIONS REQUIRED:High School Diploma or GED equivalent requiredAssociates degree or equivalent work experience preferredExcellent communication and interpersonal skillsAbility to work independently and collaboratively as the situation dictates