Loan Documentation Specialist III

Bank of Bird-in-Hand; Paradise (PA); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Medical, Dental, Vision

401(k) Retirement Plan

Company Paid Life Insurance

STD/LTD Insurance

HSA & FSA

Job summary

Bank of Bird-in-Hand in Paradise, PA, seeks a Loan Documentation Specialist III to ensure accurate documentation and quality control for Commercial and Agricultural loans. Your role guides lien information, HMDA compliance, and insurance coordination while collaborating with lenders and vendors.

You will organize documents, prepare payoffs, and manage fees, striving for zero balance lines of credit and clean settlement packages.

Qualifications

• Five or more years of experience in preparing commercial loan documentation.
• Intermediate keyboarding 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 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.

Skills

Problem solving

Decision making

Keyboarding skills

Math skills

Written materials

Communication skills

Tools

MS Excel

MS Word

Adobe Acrobat

Job description

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!

Essential Duties

• 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.
• Intermediate keyboarding 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.

Benefits

• Competitive Medical, Dental, Vision Coverage
• 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 ReimbursementCompany 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.