Loan Documentation Specialist II

Description

Position Summary:

The Loan Documentation Specialist II position primary responsibility is to prepare various types of new, modified, and renewed loan documentation requests. This position works collaboratively with loan assistants and loan officers to facilitate smooth and timely closings.  

Major Duties and Accountabilities: 

• Takes part and embraces the Legacy Culture and gives outstanding customer service to internal and external customers.
• Responsible for coordinating the loan documentation process. 
• Comply with all bank policies and procedures regarding areas of assignment and responsibility.
• Mentor less experienced Loan Documentation Specialist in larger, more complex transactions.
• Must be knowledgeable in loan administration department processes.
• This position must process loan documents for the bank’s most complicated commercial, agricultural, consumer and TILA/RESPA credit. 
• Uses the Bank’s loan platform system to create loan documents according to approval, collateral, and additional documentation. Communicates lending staff regarding status of loan requests, missing information needed from the lender/borrower.
• Utilize bank’s software systems to work efficiently to complete the loan process as well as upload all relevant loan documents.
• Prepare, review, and assemble loan documentation to ensure accuracy and compliance with bank policy and federal banking regulations. 
• Prepare funding documentation as needed.
• Reviews imaging system for documentation deficiencies for renewals and modification requests. 
• Formulate professionally written responses to incoming internal and external customer emails with accurate information and within the established timelines. 
• Other responsibilities as assigned.  

Requirements

Required:

• A high school diploma or GED equivalent.
• 5 years banking experience OR 
• 1 year loan operations and bachelor’s degree in accounting, finance, or related area.  
• Previous experience in Loan Administration.  
• Strong computer skills. 
• Excellent written and verbal communication skills.

Preferred:

• Knowledge of Farmer Mac, FSA, and SBA guarantee loan products.
• Knowledge of TILA RESPA Integrated Disclosure rule.  
• Knowledge of loan terminology and elements/process required to close a loan.
• Knowledge of general banking principles and federal and/or state regulatory lending laws.