Loan Preparation Specialist 1/2/3

Overview

The purpose of this job is to prepare accurate and complete loan, security, and compliance documents and related correspondence for the less complex commercial OR consumer loans in accordance with the application, legal and compliance requirements, and bank policy and procedures.  This job requires the ability to proficiently prepare documents for one or more market areas.

Responsibilities

• Examine and interpret loan applications and other source documents for completeness and accuracy of data essential for appropriate categorization of loan transaction and document preparation
• Identify missing or incomplete information necessary to prepare loan and request needed information from lender
• Utilize image system and/or the collateral folder to obtain additional information needed for loan preparation
• Prepare loan, security, and compliance documents and related correspondence within established time frames based on application and supporting source documents by utilizing Laser Pro automated document preparation system and Word application and deliver complete loan package to lender for closing utilizing email or DocuSign
• Perform additional duties as assigned.

Qualifications

• Associate's degree in Business Administration, Finance, Accounting or related field.  May substitute two years of relevant experience in data entry, loan preparation, lending, or related area in lieu of degree
• Knowledge of commercial OR consumer collateral, security, and lien perfection requirements for one or more of the bank’s market areas
• Knowledge of loan compliance regulations
• Time management principles to prioritize workload
• Strong communication/interpersonal skills
• Organizational skills
• Detail oriented
• Computer skills
  • Word/Excel
  • E-Mail and Internet
• Customer service
• Effective analytical skills
• Ability to use sound judgment

Loan Preparation Specialist II

• At least two years’ experience in commercial AND consumer collateral, security, and lien perfection requirements in multiple market areas
• At least 2 years’ experience in loan compliance regulations
• Knowledge of business entity structures

Loan Preparation Specialist III

• At least 4 years’ experience in commercial AND consumer collateral, security, and lien perfection requirements for ALL market areas
• At least 4 years’ experience in loan compliance regulations
• Knowledge of commercial AND consumer collateral, security, and lien perfection
• Ability to prepare complex lease/purchase tax exempt loans

Physical Requirements/Working Conditions: Must be able to sit for long periods of time and use computer keyboard and/or mouse, while viewing computer screens.

Note: This is a brief description of this position and is not limited to those described herein. Management retains the right to add, delete or modify any of these responsibilities at any time during employment.

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