Loan Documentation Specialist
DFCU Financial, Dearborn, MI, United States
Fairlane Town Center, 400 Town Center Dr, Dearborn, MI 48126, USA
Job Description Posted Wednesday, March 18, 2026 at 4:00 AM
Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of the largest and best managed credit unions in the country.
The Opportunity:
We are seeking a full time Loan Documentation Specialist to join our team in Michigan. This position will d etermine requirements and review, analyze and complete due diligence associated with the commercial loan documentation and closing process.
WhatYou’llDo:
Receive,reviewand analyze credit approvals todeterminetheappropriate loandocumentation and due diligence requirements.
Verify that sufficient lending authority was obtained on the loan approval.
Maintain knowledge of business entity structures and obtain and review entity documents todeterminethe parties thatare authorized tobind the entity to the loan transaction.
Produce and obtainappropriate documentationin compliance with the terms of loan requests, includingtitle commitments, title searches, UCC searches, evaluations or real estate appraisals, environmental reports, flood determinations, proof of insurance,surveysand entity documents.
Apply credit policy and procedures to transactions to mitigate risk.
Maintain knowledge of business compliance regulations.
Coordinate effort to engage andfinalizepreparationof loan documents by internal and external counsel.
Ensure that loan documents prepared inLaserProor by outside counsel areaccurateandin accordance withthe approved terms.
Determinewhen underwriting approval conditions for the loan closing have been satisfied.
Obtain fundinginformation and create/review the settlement statement providing directionfor loan proceeds.
Determineappropriate loancoding needed for portfolio and regulatory reporting purposes.
Work with lending operations to ensure loans are properly booked and managed in DNA.
Meet expected service levels related to due diligence,closingsand periodic review requirements.
WhatYou’llNeed:
Associate degree or equivalent work experience.Bachelor'sdegree preferred.
More than 5 years’ experience in processing commercial loans.
Strong knowledge of commercial loan documentation and requirements.
Knowledge of commercial banking and lending credit policy and guidelines.
Able to handle multiple priorities and meet deadlines.
Proficient in Microsoft 365.
Demonstrated analytical and problem-solving skills.
Able toinitiateand embrace change.
Excellent interpersonal skills, including written and verbal communication and ability to work in a team environment.
Work occasional Saturday hours or extended weekday hours, asrequired.
What We Offer:
Potential for a hybrid workschedule
401k plan match, dollar for dollar up to 4%
401k additional employer contribution after one year at 5%
Employee bonus program
Medical, dental and vision insurance effective date of hire
Health savings account (HSA)
Flexible spending accounts for medical and dependent care expenses
Adoption assistance for qualified expenses maximum $10,000 per child
Wellness initiatives and reimbursements
Pre-paid legal services plan
Identity protection plan
Short & long term disability plans paid for by company
Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child
Pet Insurance
Free financial planning assistance
Numerous fun employee events throughout the year
Volunteer and community engagement opportunities
Employee loan discounts (closed-end loans)
Service / anniversary awards
Employee discounts for company logo wear
Employee referral payouts for recruiting your friends and family
Paid lunch time
Tuition reimbursement / Education assistance
Ongoing training opportunities
Paid time off
Paid holidays (13 per year)
Equal Opportunity Employer / Disabled / Veterans
Fairlane Town Center, 400 Town Center Dr, Dearborn, MI 48126, USA
#J-18808-Ljbffr
Job Description Posted Wednesday, March 18, 2026 at 4:00 AM
Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of the largest and best managed credit unions in the country.
The Opportunity:
We are seeking a full time Loan Documentation Specialist to join our team in Michigan. This position will d etermine requirements and review, analyze and complete due diligence associated with the commercial loan documentation and closing process.
WhatYou’llDo:
Receive,reviewand analyze credit approvals todeterminetheappropriate loandocumentation and due diligence requirements.
Verify that sufficient lending authority was obtained on the loan approval.
Maintain knowledge of business entity structures and obtain and review entity documents todeterminethe parties thatare authorized tobind the entity to the loan transaction.
Produce and obtainappropriate documentationin compliance with the terms of loan requests, includingtitle commitments, title searches, UCC searches, evaluations or real estate appraisals, environmental reports, flood determinations, proof of insurance,surveysand entity documents.
Apply credit policy and procedures to transactions to mitigate risk.
Maintain knowledge of business compliance regulations.
Coordinate effort to engage andfinalizepreparationof loan documents by internal and external counsel.
Ensure that loan documents prepared inLaserProor by outside counsel areaccurateandin accordance withthe approved terms.
Determinewhen underwriting approval conditions for the loan closing have been satisfied.
Obtain fundinginformation and create/review the settlement statement providing directionfor loan proceeds.
Determineappropriate loancoding needed for portfolio and regulatory reporting purposes.
Work with lending operations to ensure loans are properly booked and managed in DNA.
Meet expected service levels related to due diligence,closingsand periodic review requirements.
WhatYou’llNeed:
Associate degree or equivalent work experience.Bachelor'sdegree preferred.
More than 5 years’ experience in processing commercial loans.
Strong knowledge of commercial loan documentation and requirements.
Knowledge of commercial banking and lending credit policy and guidelines.
Able to handle multiple priorities and meet deadlines.
Proficient in Microsoft 365.
Demonstrated analytical and problem-solving skills.
Able toinitiateand embrace change.
Excellent interpersonal skills, including written and verbal communication and ability to work in a team environment.
Work occasional Saturday hours or extended weekday hours, asrequired.
What We Offer:
Potential for a hybrid workschedule
401k plan match, dollar for dollar up to 4%
401k additional employer contribution after one year at 5%
Employee bonus program
Medical, dental and vision insurance effective date of hire
Health savings account (HSA)
Flexible spending accounts for medical and dependent care expenses
Adoption assistance for qualified expenses maximum $10,000 per child
Wellness initiatives and reimbursements
Pre-paid legal services plan
Identity protection plan
Short & long term disability plans paid for by company
Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child
Pet Insurance
Free financial planning assistance
Numerous fun employee events throughout the year
Volunteer and community engagement opportunities
Employee loan discounts (closed-end loans)
Service / anniversary awards
Employee discounts for company logo wear
Employee referral payouts for recruiting your friends and family
Paid lunch time
Tuition reimbursement / Education assistance
Ongoing training opportunities
Paid time off
Paid holidays (13 per year)
Equal Opportunity Employer / Disabled / Veterans
Fairlane Town Center, 400 Town Center Dr, Dearborn, MI 48126, USA
#J-18808-Ljbffr