Loan Origination Specialist III

JPMorgan Chase & Co.; Columbus (OH); On-site; USD 45,000 - 75,000; Full time

Job summary

JPMorgan Chase & Co. in Columbus, OH seeks a Loan Origination Specialist to serve as the primary liaison between the Business Relationship Manager and the Credit Coordinator on collateral, entity and due diligence for commercial loans.

You will review approvals, documentation and due diligence to ensure Small Business loans close per approval and to prepare documentation that protects the bank's interests.

Qualifications

• 1 year of experience preparing commercial loan, SBA, or mortgage loan documents required.
• Experience with collateral and entity due diligence related to commercial loans is preferred.
• Excellent attention to detail, communication skills and PC skills.
• Able to communicate well and work independently in a high volume, production-oriented environment.
• College degree, paralegal, or equivalent work experience.

Responsibilities

• Review commercial credit applications for policy adherence and collateral due diligence.
• Review business entity documents, trust agreements, good standing, and UCC searches.
• Coordinate retrieval/review of equipment valuations and other reports.
• Evaluate collateral reports to determine if credit approval terms are met.
• Prepare loan and compliance documentation to protect the bank's interest.

Skills

Commercial loan documentation

Collateral due diligence

Entity due diligence

Attention to detail

Communication skills

PC skills

Independent worker

Education

College degree, paralegal, or equivalent work experience

Job description

Are you a detailed oriented individual that is interested in commercial loans and other specialized products who would serve as a primary liaison between the Business Relationship Manager and the Credit Coordinator with respect to collateral, entity and other commercial due diligence?

As a Loan Origination Specialist, you will be responsible for the review of approvals, documentation and the due diligence to ensure Small Business loansare closed in accordance with the approval as well as documentation preparation to avoid any risk to the client or the bank.

Job Responsibilities:

• Reviews commercial credit application packages for adherence to credit policy and determination of appropriate due diligence necessary to ensure proper collateral position
• Reviews the following: business entity and organizational documents to include trust agreements, good standing of business entities, and UCC searches, as required
• Coordinates obtaining or ordering and reviews: equipment valuations, as well as other reports and information
• Evaluates all reports and information received with respect to collateral evaluation & verification to determine if terms and conditions of the credit approval will be met.

• Prepares the loan documentation and compliance documentation necessary to protect the bank's interest, as necessary

Required Qualifications, Capabilities, and Skills:

• 1 year of experience preparing commercial loan,SBA, or mortgage loan documents required
• Experiencewith collateral and entity due diligence related tocommercial loans is preferred
• Excellent attention to detail, communication skills and PC skills
• Able to communicate well and work independently in a high volume, production-oriented environment.
• College degree, paralegal, or equivalent work experience