Loan Origination Specialist III

Aumni; Houston (TX); On-site; USD 55,000 - 85,000; Full time

Job summary

Chase is seeking a Loan Origination Specialist to serve as a primary liaison between the Business Relationship Manager and the Credit Coordinator for collateral, entity and other commercial due diligence. You will review approvals, documentations, and due diligence to ensure Small Business loans close in accordance with approvals and prepare documents to mitigate risk.

The role requires attention to detail and collaboration in a high-volume environment, with opportunities to contribute to policy

Qualifications

• 1 year of experience preparing commercial loan, SBA, or mortgage loan documents.
• 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

• Reviews commercial credit application packages for adherence to credit policy and determination of appropriate due diligence necessary to ensure proper collateral position.
• Reviews business entity and organizational documents including trust agreements, good standing, and UCC searches as required.
• Coordinates obtaining or ordering and reviews equipment valuations and other reports and information.
• Evaluates all reports to determine if terms and conditions of the credit approval will be met.
• Prepares the loan documentation and compliance documents to protect the bank's interests.

Skills

Loan documentation

Collateral due diligence

Attention to detail

Communication skills

Independence

Education

College degree or paralegal

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 loans are 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
• 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

Chase is a leading financial services firm, helping nearly half of America’s households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility.

These benefits include

• comprehensive health care coverage
• on-site health and wellness centers
• a retirement savings plan
• backup childcare
• tuition reimbursement
• mental health support
• financial coaching and more

Equal Opportunity Employer/Disability/Veterans

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

Equal Opportunity Employer/Disability/Veterans

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We’re proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions – all while ranking first in customer satisfaction.

Our business bankers work in the Consumer Bank to provide financial solutions to small business owners across the U.S. Customers turn to us for financing and advice as they start, run and grow their businesses. We partner with clients throughout the process, investing in our communities and people for the long-term.

Interested in commercial loans and other specialized products to help serve our clients?