Loan Documentation Specialist III

Bank of Bird-in-Hand; Paradise (PA); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

401(k) Retirement Plan

Company Paid Life Insurance

Health Savings Account (HSA)

Flexible Spending Account (FSA)

Paid Time Off (PTO)

12 Holidays

Tuition Reimbursement

Company Events

Job summary

Bank of Bird-in-Hand in Paradise, PA is seeking a Loan Documentation Specialist III to join our community banking team. This role focuses on quality control review and documentation of Commercial and Agricultural loans, ensuring accuracy of collateral, lien information, and HMDA reporting.

You will coordinate with lenders, title companies, insurance agents, and outside vendors to resolve discrepancies, manage documentation workflows, and prepare payoffs and funding worksheets.

Qualifications

• Five or more years of experience in preparing commercial loan documentation.
• Problem solving and decision-making skills.
• Moderately complex math skills
• Knowledge of MS Excel, MS Word, and Adobe Acrobat.
• Ability to create written materials.
• Ability to communicate effectively with co-workers and customers.

Responsibilities

• Review Credit Presentation Summary, Credit Quest Memos, and Closing Request Form.
• Review property search or preliminary title and HUD-1 settlement statements for accuracy of ownership of collateral and lien information.
• Review customer identification for accuracy, including business entity documentation.
• Review loan file for HMDA reportability and complete the HMDA Worksheet as applicable.
• Review hazard insurance for adequate coverage and mortgagee/loss payee clause(s) and collaborate with Lenders Assistants, Lenders, and insurance agents to resolve discrepancies.
• Verify all Bank requirements for flood insurance are met.
• Organize documents in efile per guidelines, removing duplicate items.
• Prepare loan payoffs, assess applicable satisfaction fees to loans, restrict and set lines of credit to close at a zero balance, place alert messages on loans.
• Prepare documentation and letters of credit.
• Maintain collateral swap loan modifications in OnBoard Loans or LaserPro.
• Calculate loan fees and prepare a Funding Worksheet.
• Complete the Pre-closing Checklist and Document Checklist.
• Maintain a Loans in Process spreadsheet for loan tracking.
• Print loan disbursement checks and review loan settlement packages.
• Communicate with outside vendors including settlement agents and title companies, insurance agents, attorneys, and property search vendors.
• Train Loan Documentation Specialists II.
• Perform other duties as assigned.

Skills

Problem solving

Written communication

Communication

Math skills

Decision making

Tools

MS Excel

MS Word

Adobe Acrobat

Job description

Position:Loan Documentation Specialist III

Location: Paradise, PA

Job Id:477

# of Openings:1

We are seeking a Loan Documentation Specialist III to join our team in Paradise, PA. This role is responsible for the quality control review and documenting of Commercial and Agricultural loans. This is a great opportunity to join a wonderful team and make in an impact in community banking!

• Review Credit Presentation Summary, Credit Quest Memos, and Closing Request Form.
• Review property search or preliminary title and HUD-1 settlement statements for accuracy of ownership of collateral and lien information.
• Review customer identification for accuracy, including business entity documentation.
• Review loan file for HMDA reportability and complete the HMDA Worksheet as applicable.
• Review hazard insurance for adequate coverage and mortgagee/loss payee clause(s) and collaborate with Lenders Assistants, Lenders, and insurance agents to resolve any discrepancies.
• Verify all Bank requirements for flood insurance are met.
• Organize documents in efile per guidelines, removing duplicate items.
• Prepare loan payoffs, assess applicable satisfaction fees to loans, restrict and set lines of credit to close at a zero balance, place alert messages on loans.
• Prepare documentation and letters of credit.
• Maintain collateral swap loan modifications in OnBoard Loans or LaserPro.
• Calculate loan fees and prepare a Funding Worksheet.
• Complete the Pre-closing Checklist and Document Checklist.
• Maintain a Loans in Process spreadsheet for loan tracking.
• Print loan disbursement checks and review loan settlement packages.
• Communicate with outside vendors, including but not limited to settlement agents and title companies, insurance agents, attorneys, and property search vendors.
• Train Loan Documentation Specialists II.
• Perform other duties as assigned.

Experience:

• Five or more years of experience in preparing commercial loan documentation.
• Problem solving and decision-making skills.
• Moderately complex math skills
• Knowledge of MS Excel, MS Word, and Adobe Acrobat.
• Ability to create written materials.
• Ability to communicate effectively with co-workers and customers.

Here at Bank of Bird-in-Hand, we have a comprehensive benefit package for those who qualify. Below are the range of benefits we offer to meet the needs of our employees:

• 401(k) Retirement Plan
• Company Paid Life, STD, and LTD
• Health Savings Account (HSA) & Flexible Spending Account (FSA)
• Paid Time Off (PTO), Volunteer Time Off (VTO), and Birthday PTO
• 12 Paid Holidays
• Tuition Reimbursement
• Company Events and Picnics

Equal Opportunity Employer

No employee or applicant for employment will be discriminated against because of race, color, religion, creed, sex, pregnancy, national origin, ancestry, age, physical or mental disability, genetic information, military, and/or veteran status, or any other Federal or State legally protected classes.