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Commercial Loan Documentation Specialist

FIRST STATE BANK
Posted 13 days ago, valid for 21 days
Location

St. Clair Shores, MI, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The Commercial Loan Documentation Specialist position at First State Bank requires a minimum of two years of related job experience and offers a full-time role located in Saint Clair Shores, MI.
  • The primary responsibilities include preparing commercial loan closings, reviewing loan files, and ensuring compliance with bank policies and due diligence requirements.
  • Candidates should possess strong written and verbal communication skills, with experience in construction loan monitoring and familiarity with software like Laserpro preferred.
  • The position offers competitive benefits such as health, dental, vision insurance, a 401K match, and an incentive program based on performance.
  • Salary details are not explicitly mentioned in the job description, but the role is classified as non-exempt and falls within the banking category.

Job DetailsLevel: ExperiencedJob Location: Operation Center - Saint Clair Shores, MI 48080Position Type: Full TimeJob Shift: DayJob Category: BankingFIRST STATE BANK – JOB DESCRIPTION JOB TITLE:      Commercial Loan Documentation Specialist STATUS:        Non-Exempt DEPARTMENT:     Loan Documentation REPORTS TO:     Loan Documentation       PRIMARY PURPOSE OF THE JOB: The Documentation Specialist is responsible for the preparation of Commercial Loan closings and  Letters of Credit. ESSENTIAL DUTIES: •  Perform initial loan file review, compile checklist, and communicate to Lender’s items needed  for pre-closing review •  Order and review title work, surveys, flood determinations, UCC’s, appraisals and any other due  diligence required to perfect the bank’s lien position •  Prepare actual closing packages in accordance with Bank approval and policy •  Review Attorney prepared loan packages to ensure they meet the banks approval and due diligence  requirements •  Scan closed loans to the loan documentation folders and ensure all requirements are met to  fund •  Fund loans and submit documentation package to loan servicing for booking •  Once loan is booked scan closing files to Director •  Maintain a work in process log •  Prepare Letters of Credit •  Prepare Participation Agreements •  Prepare and monitor construction draws •  Help maintain vault as necessary •  Create and maintain a courteous and professional relationship with co-workers while maintaining  timely and prompt daily attendance OTHER DUTIES: •  Review loans pre-closing to ensure approval requirements have been met and all fees have been  collected •  Back up post close review as necessary •  Other duties as assigned REQUIRED EXPERIENCE/SKILLS: •  Two years minimum related job experience •  Experience in construction loan monitoring preferred •  Experience with Laserpro preferred •  Experience with Navigator and Director preferred •  Strong written and verbal communication skills •  Experiencing SBA lending preferred REQUIRED EDUCATION: •  High school diploma or equivalency (GED) WORKING CONDITIONS: •  Office environment with little exposure to physical hazards or conditions •  Ability to enter data into a computer and work with computer programs: Microsoft Word and  Excel •  Ability to stand and/or sit for long periods of time •  Ability to reach with hands and fingers, touching computer buttons/adding machine buttons for  extended periods of time •  Ability to use fingers and hands to answer telephone repeatedly WHAT CAN WE OFFER YOU: •  Working with an energetic team focused on making our customers financially successful! •  An opportunity to grow your career and do amazing things! •  Collaborative and energetic work environment •  Incentive program based on performance •  Paid Time Off (PTO) and Paid Holidays for Full Time/Part Time Employees •  Paid time to support your community! •  Health, Dental, Vision (Full Time) •  401K match and Life Insurance (Full Time/Part Time Employees) •  Educational Assistance Program (Full Time/Part Time Employees) •  Employee Assistance Program Employees are expected to comply with all laws, regulations, bank policies and procedures,  including specifically First State Bank’s Bank Secrecy Act and Anti-Money Laundering Policy and  procedures, and it’s Customer Identification Program. Failure to comply with either the letter  and/or spirit of these laws may result in disciplinary action, up to an including termination. This job description does not list all the duties of the job. You may be asked by supervisors or  managers to perform other instructions and duties. You will be evaluated in part based on your  performance of the tasks listed in this job description. Management has the right to revise this job description at any time. The job description is not a  contract for employment, and either you or the employer may terminate employment at any time, for  any reason.   Qualifications




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