What are the responsibilities and job description for the Loan Processing and Documentation Specialist position at Encore Bank?
Job Summary: The loan processing and Documentation Specialist works with the Credit Administration Manager and is responsible for an assigned range of Credit and loan document processing duties required to service the bank’s loan portfolio in accordance with the loan policy and regulatory requirements. these duties include: verifying the accuracy and totality of loan credit and collateral underwriting, including supporting documentation, prior to approving and processing the request for loan document preparation and closing. Position requires a thorough knowledge of and experience in loan documentation, with a heavy emphasis on commercial real estate.
- Responsible for reviewing all relevant documentation necessary to ensure loan files are complete prior to loan document preparation.
- Review includes, but is not limited to, ensuring the following documentation is in the file and accurate according to regulatory guidelines and the bank’s lending policy: Real Estate Title Information, Flood Certificates, Appraisals, Surveys, Lien Searches, Insurance, Borrowing Entity and Individual Customer documents.
- Processing and production of complex commercial loan documents in Compliance Systems Loan Documentation System, to include Commercial Security Instruments and Business Loan Agreements with complex financial reporting requirements and covenants
- Assisting with HMDA data entry
- Cross-Training for other Credit Admin functions
- Routine clerical duties as required or assigned
- Completion of all required training
- Performs other related duties as required or assigned
Qualifications and Education Requirements
- A minimum education of a high school degree, college degree preferred
- At least one year of experience in processing commercial loan documents or compliance duties
- General knowledge of loan documentation requirements based on collateral types
- Able to function in a high attention to detail, deadline-oriented environment.
- Strong computer skills are required
- Strong analytical skills, including the ability to organize information
- Must possess excellent communication and interpersonal skills
Preferred Skills
Use of Excel, Word and Power Point
Experience with a core banking solution, loan transactions, document platform, and other systems typically used for Loan Processing.
Job Type: Full-time
Pay: $19.23 - $25.00 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Retirement plan
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Experience:
- processing commercial loan documents or compliance: 1 year (Required)
Work Location: One location