Loan Operations & Documentation Specialist

Millennium Bank; Des Plaines (IL); On-site; USD 52,000 - 67,000; Full time

Job summary

The Millennium Bank is seeking a Loan Administration Specialist in Des Plaines, IL to support the commercial lending process from origination through booking. You will organize loan documentation, collateral records, and third-party reports to keep loan files accurate and complete.

Reporting to lending leadership, you will coordinate documentation requirements, conduct due diligence reviews, and assist with loan processing, closing, and boarding while maintaining regulatory compliance and

Qualifications

• High school diploma or equivalent required.
• Associate's or Bachelor's degree in Business, Finance, Accounting, Banking, or related field preferred.
• Equivalent combination of education and banking experience may be considered.

Responsibilities

• Review corporate documentation to verify borrower information and ensure required entity documents have been received and maintained.
• Verify EIN documentation and supporting borrower records.
• Order and review OFAC searches for business entities.
• Perform UCC searches and provide results to appropriate lending and documentation personnel.
• Review flood determinations to verify collateral information is accurate and complete.
• Assist with collecting and organizing documentation required for loan processing and closing.
• Communicate with Loan Officers and Portfolio Managers regarding outstanding documentation requirements.
• Assist with preparing complete loan files for documentation, closing, and booking.

Skills

Attention to detail

Communication skills

Organizational skills

Customer service

Teamwork

Education

High school diploma or equivalent

Associate's or Bachelor's degree preferred

Tools

FISERV banking systems

Document imaging systems

Microsoft Office

Job description

The Millennium Bank is seeking a Loan Administration Specialist in Des Plaines, IL to support the commercial lending process from origination through booking. You will organize loan documentation, collateral records, and third-party reports to keep loan files accurate and complete.

Reporting to lending leadership, you will coordinate documentation requirements, conduct due diligence reviews, and assist with loan processing, closing, and boarding while maintaining regulatory compliance and