Loan Documentation Specialist
About The Role
The Loan Documentation Specialist prepares accurate, compliant loan documentation in LaserPro based on approved loan terms and conditions. This role reviews and validates borrower, corporate, and collateral information to ensure documentation aligns with credit approvals, internal policies, and regulatory requirements. The Loan Documentation Specialist partners closely with Loan Processors and Relationship Managers to resolve exceptions, obtain missing items, and incorporate updates, while responding to inquiries professionally and promptly. The position also maintains ongoing compliance through required training and adherence to bank procedures and applicable state and federal regulations. This is an on-site position at our Watsonville location.
Job Duties
- Prepares loan documentation in Laser Pro in an accurate and timely manner as loan was approved.
- Reviews and interprets the loan requests, terms, and conditions, to the related Borrower, and collateral documentation to accurately structure and document the loan to ensure adherence to requirements.
- Confers with Loan Processors and/or Relationship Managers, as necessary, for any pending items, corrections and/or revisions, as well as any updated loan information for the file.
- Validates information required for documentation; obtains a thorough review of corporate and collateral documentation, including but not limited to:
- Flood determinations
- Lien searches
- Title searches
- Completeness and compliance with loan approval guidelines and internal policies
- Responds to and resolves Relationship Managers inquiries with professionalism and promptness
Requisite Skills
- Strong organizational skills
- Excellent verbal and written communication skills
- Proficient in Microsoft Office Suite
- Detail oriented
- Familiar with company software and processing procedures
- Knowledge of all bank lending rules and regulations
- Able to work with minimum direction
- Trustworthy and able to act with integrity
Physical Demands
- Regular, predictable attendance is required; including the occasional overtime work as business demands dictate.
- Moderate noise (i.e., business office with computers, phone, and printers, moderate traffic).
- Ability to work in a confined area.
- Ability to sit or stand at a computer terminal for an extended period.
Work Environment
- Moderate noise (i.e., business office with computers, phone, and printers, moderate traffic).
- Ability to work in a confined area.
- Ability to sit or stand at a computer terminal for an extended period.
Benefits
- Medical, dental, and vision plans
- Vacation, sick leave, paid Holidays
- Paid volunteer time
- Employer paid life insurance
- 401(k) with employer matching
- Ongoing training, professional development and career advancement opportunities