Loan Documentation Specialist 5

About the Role

Coordinates the preparation of loan/lease packages in compliance with policies and procedures, regulatory guidelines, and investor standards by gathering and reviewing necessary documents and information within designated time frames. Communicates with staff, customers/clients, realtors, brokers, counsel, title companies, etc., to respond to inquiries, resolve problems, and obtain additional documents needed to complete the file. Ensures compliance with internal policies, regulatory and investor requirements, and customer service standards. May coordinate the closing and funding of assigned loan packages, calculating final closing costs, and disbursing funds.

Responsibilities

• Gather and review necessary documents and information for loan/lease packages within designated time frames.
• Communicate with various stakeholders to respond to inquiries, resolve problems, and obtain additional documents.
• Ensure compliance with internal policies, regulatory and investor requirements, and customer service standards.
• Coordinate the closing and funding of assigned loan packages, including calculating final closing costs and disbursing funds.

Qualifications

• High school diploma or equivalent.
• Typically six to eight years of relevant experience.

Skills

• Thorough knowledge of legal documents used to support applicable loan/lease processing.
• Ability to work with legal staff to solve complex documentation needs.
• Ability to apply critical thinking for all elements of loan documentation construction.
• Ability to master the bank’s documentation software.
• Advanced knowledge of closing policies and procedures, funding policies, underwriting requirements, governmental and agency requirements, terminology, and automated processing systems.
• Advanced knowledge of applicable credit policies and approval processes for assigned product(s).
• Ability to work effectively and accurately in a fast-paced, high-production, professional environment.
• Strong organizational skills.
• Effective verbal and written communication skills.

Location Expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

Pay

The salary range for this role is $24.18 - $32.21, based on the primary location. The actual range may differ based on the location of the role.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year (unless otherwise provided by law)