Bank of Tennessee
Loan Document Closing Specialist
Bank of Tennessee, Johnson City, Tennessee, United States, 37603
As the Loan Documentation Closing Specialist, you are responsible for activities related to the preparation, review and processing of loan documentation for Consumer, Business, Commercial, Commercial Real Estate and Home Equity Lines of Credit (HELOC) loans. The Loan Documentation Closing Specialist ensures the documents requested comply with bank policy as well as applicable state and federal laws while maintaining integrity of all information related to the documentation process for privacy, reporting and audit purposes. As a representative of the Bank, you are required to present a positive and professional image at all times.
JOB REQUIREMENTS
High school diploma or equivalent required
Flexibility to work before and after normal business hours as necessary to meet deadlines and the needs of the bank required
Two years of experience in loan documentation or loan operations; or comparable related experience required
Working knowledge of consumer, HELOC, and commercial lending documentation preferred
COMPETENCIES
Possess strong organizational, interpersonal, communication (both written and oral), and problem-solving skills
Ability to adhere to performance standards of the team and meet quarterly production goals consistently
Ability to ensure group-working folders are updated constantly and consistently to provide transparency to the team
Ability to assume responsibility, display initiative, exercise good judgment, make and act upon decisions with minimal supervision
Ability to be self-motivated, confident, detail-oriented and have the ability to multi-task and work on several loan files at a time with minimal errors and exceptions under limited time constraints
Possess a high energy level and strong sense of urgency
Possess comprehensive knowledge of loan documentation and of the laws and regulations that apply to loans and loan documentation
Possess knowledge in entity documents to determine authorization and signers
Possess knowledge in title insurance policy requirements and exceptions utilized in preparing loan documents and as a secondary review
Ability to read, comprehend and evaluate detailed and complex loan documents
Possess excellent decision-making, analytical, and mathematical abilities
Ability to maintain confidentiality at all times
Ability to maintain a cooperative and professional manner with internal and external customers
Ability to communicate effectively with other departments in the Bank and work as an engaged team player
DUTIES AND RESPONSIBILITIES
Prepare and review loan documents for the closing and settlement of all types of loan transactions including Consumer, Commercial, Commercial Real Estate, and HELOCS while meeting closing deadlines
Process HELOCS from application to post closing. This includes sending out disclosures in a timely manner, ordering title work from the Title Company, ordering appraisals/flood from Real Estate Services, creating the closing documents, and preparing the closing packet to send to Loan Fulfillment
Certify that attorney prepared loan documents for new loans, extension and modifications have all required language
Ensure that the loan package(s) comply with the credit approval and follows loan policy before the package(s) leave the department
Maintain comprehensive knowledge of Business, Consumer, Commercial, Commercial Real Estate, and HELOC loan documentation requirements
Maintain knowledge and understanding of the Bank’s Loan Policy and Credit Procedures and performs all responsibilities according to these guidelines
Maintain a thorough knowledge of lending regulations, including HMDA, Reg B, Reg Z, and Reg 0
Maintain compliance with regulations and bank policies and procedures, including the Bank Secrecy Act (BSA) and the Office of Foreign Assets Control (OFAC) requirements
Actively support the ongoing development of a culturally diverse workforce
Complete other duties as assigned as determined by management to be reasonable and beneficial
PHYSICAL REQUIREMENTS
This position largely operates in a professional office environment. While performing the duties of this job, the employee is regularly required to communicate effectively with Bank management and employees. Regular use of the telephone and email for communication is essential. Remaining in a stationary position for extended periods of time is common. Must be able to accurately gather and process verbal and written information and properly prepare or inspect documents. Good manual dexterity is needed for the frequent use of common office equipment such as computer terminals, calculators, copiers and telephones.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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JOB REQUIREMENTS
High school diploma or equivalent required
Flexibility to work before and after normal business hours as necessary to meet deadlines and the needs of the bank required
Two years of experience in loan documentation or loan operations; or comparable related experience required
Working knowledge of consumer, HELOC, and commercial lending documentation preferred
COMPETENCIES
Possess strong organizational, interpersonal, communication (both written and oral), and problem-solving skills
Ability to adhere to performance standards of the team and meet quarterly production goals consistently
Ability to ensure group-working folders are updated constantly and consistently to provide transparency to the team
Ability to assume responsibility, display initiative, exercise good judgment, make and act upon decisions with minimal supervision
Ability to be self-motivated, confident, detail-oriented and have the ability to multi-task and work on several loan files at a time with minimal errors and exceptions under limited time constraints
Possess a high energy level and strong sense of urgency
Possess comprehensive knowledge of loan documentation and of the laws and regulations that apply to loans and loan documentation
Possess knowledge in entity documents to determine authorization and signers
Possess knowledge in title insurance policy requirements and exceptions utilized in preparing loan documents and as a secondary review
Ability to read, comprehend and evaluate detailed and complex loan documents
Possess excellent decision-making, analytical, and mathematical abilities
Ability to maintain confidentiality at all times
Ability to maintain a cooperative and professional manner with internal and external customers
Ability to communicate effectively with other departments in the Bank and work as an engaged team player
DUTIES AND RESPONSIBILITIES
Prepare and review loan documents for the closing and settlement of all types of loan transactions including Consumer, Commercial, Commercial Real Estate, and HELOCS while meeting closing deadlines
Process HELOCS from application to post closing. This includes sending out disclosures in a timely manner, ordering title work from the Title Company, ordering appraisals/flood from Real Estate Services, creating the closing documents, and preparing the closing packet to send to Loan Fulfillment
Certify that attorney prepared loan documents for new loans, extension and modifications have all required language
Ensure that the loan package(s) comply with the credit approval and follows loan policy before the package(s) leave the department
Maintain comprehensive knowledge of Business, Consumer, Commercial, Commercial Real Estate, and HELOC loan documentation requirements
Maintain knowledge and understanding of the Bank’s Loan Policy and Credit Procedures and performs all responsibilities according to these guidelines
Maintain a thorough knowledge of lending regulations, including HMDA, Reg B, Reg Z, and Reg 0
Maintain compliance with regulations and bank policies and procedures, including the Bank Secrecy Act (BSA) and the Office of Foreign Assets Control (OFAC) requirements
Actively support the ongoing development of a culturally diverse workforce
Complete other duties as assigned as determined by management to be reasonable and beneficial
PHYSICAL REQUIREMENTS
This position largely operates in a professional office environment. While performing the duties of this job, the employee is regularly required to communicate effectively with Bank management and employees. Regular use of the telephone and email for communication is essential. Remaining in a stationary position for extended periods of time is common. Must be able to accurately gather and process verbal and written information and properly prepare or inspect documents. Good manual dexterity is needed for the frequent use of common office equipment such as computer terminals, calculators, copiers and telephones.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
#J-18808-Ljbffr