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3 days old
2017-12-142018-01-12

Loan Documentation Specialist

Los Angeles, CA
  • Job Code
    10018
Job Title: Loan Documentation Specialist
Company: Midfirst Bank
Jobid: 10018
Salary:
Job Type:
Location: Los Angeles, CA 90001

Description:

Position Description:





This position is primarily responsible for preparing and ensuring proper documentation is in place to establish a legally binding contract with borrowers, including Loan Estimates and Closing Disclosures. Position is also responsible for securing liens on collateral, and ensuring loans comply with internal bank policies, as well as federal and state regulations.

Ensures loan documents are prepared in accordance with the terms and conditions per the credit approval and in compliance with regulatory requirements as related to local, state and federal guidelines.
Ensures work is completed on time and accurately by planning, coordinating and monitoring daily activities.
Communicates with underwriters and loan officers for any additional information needed to prepare loan documents and close loans.
Orders UCC searches, corporate searches and other due diligence as required.
Ensures loan document packages are complete and ready for funding and boarding including coordination with title and/or escrow companies for closing, obtaining pay off demand statements and obtaining appropriate insurance coverage, when required.
Responsible for security of loan documents, promissory notes and valuable assets, including the perfection of the Bank’s interest in collateral and protection of documents which represent the Bank’s security interest (such as securities, recorded deeds, vehicle registration, UCC-1 forms, insurance coverage and other forms of collateral.)
Miscellaneous duties as assigned.















Position Requirements:





Additional Requirements:
- Minimum 3 years of loan documentation preparation experience, consumer experience preferred.
- Working knowledge of credit agreement covenants, loan documentation in multiple states.
- Comply with Article 9, UCC, Regulations B, C, Z, RESPA, Fair Credit Reporting Act, TRID and other federal and state laws and regulations.
- Working knowledge of complex consumer transactions, understanding of title reports and exceptions, and familiarity with Loan Estimates and Closing Disclosures.
- Working knowledge of commercial and consumer lending policies.
- Excellent interpersonal, written and oral communication skills are required.
- Ability to make sound decisions and produce great work under general or limited supervision.
- Highly proficient PC skills including MS Word, MS Excel, and programs used to generate loan documents (knowledge of LaserPro is a plus).
- Ability to adjust priorities to changing circumstances and maintain quality in fast paced atmosphere.
- Great organization skills, very detailed oriented.







We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.



Job ID:10018

Categories

  • Financial Services
  • Law Enforcement/Security

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Loan Documentation Specialist

MidFirst Bank
Los Angeles, CA

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Loan Documentation Specialist

MidFirst Bank
Los Angeles, CA

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