Loan Documentation Specialist at Security Bank Careers

Tulsa, Oklahoma, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Dec, 25

Salary

0.0

Posted On

01 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Excellent Communication, Interpersonal Skills, Self Motivated, Independent Work, Customer Focused, Dependable, Problem Solving, Collaboration, Flexibility, Thoroughness

Industry

Banking

Description

Job Details Job Location: TULSA, OK Position Type: Full Time Salary Range: Undisclosed Description Summary/Objective While complying with Bank policies, as well as government regulations, this position is primarily responsible for ensuing proper documentation is in place to establish a legally binding contract with borrowers and ensuring interest in collateral is secure. Principal Duties 1. Prepare all loan documentation for closing, including preliminary real estate disclosures, as well as documents necessary for extensions, deferrals or modifications. 2. Prepare all loan documentation for paid loans and collateral release processing. 3. Review, in detail, title reports and other collateral lien searches to ensure that the Bank’s position in the collateral being offered is protected. When applicable, verify that real estate taxes are paid current. 4. Review, in detail, all other supporting documents needed to complete the file to ensure consistency and accuracy. These items include but are not limited to applications, payoffs and releases, credit reports, OFAC, flood certs, and insurance. 5. Ensure that necessary approval, per Bank policy, has been granted for extension of credit. 6. Work with the Commercial Loan Officer and Administrative Assistants to note exceptions before closing. Responsible for determining if documents can be released for signature should there be policy exceptions. 7. Note any ongoing exceptions or violations for exception reporting by Post-Closing Review staff. 8. Based upon Commercial Loan Officers’ underwriting decisions, produce adverse action notices and provide to borrowers timely. 9. Assist Bank employees with questions regarding loan documentation best practices and bank policy, while providing support and guidance with complex loan requests. 10. Conduct ongoing Letter of Credit monitoring. 11. Fulfill special requests and answer questions concerning loan processing. 12. Work with the Loan Operations Manager to ensure the Processes and Procedures Manual is up-to-date for all assigned duties. 13. Become knowledgeable and stay current with relevant government regulations and industry best practices. 14. Participate in ongoing education opportunities to maintain competencies and learn about industry trends and developments. 15. Follow all Bank policies and procedures. 16. Complete other duties and responsibilities as assigned. 17. Provide backup as needed for positions within the Loan Operations Department. Essential Functions 1. As this is a support function for a front-line customer service position, attendance within policy guidelines is essential. Exceptions to this, for medical or other pre-approved absences, should be documented in an individual’s personnel file. 2. A primary function is to assist bank employees and others. Employee must be able to express oneself and exchange accurate information in person, by phone and/or email. 3. Employee must be able to input, retrieve, and assess information from a computer and other office machinery. 4. Employee will operate a computer and other standard office communication devices and productivity machinery. 5. Must be able to stay in a stationary position a minimum of 50% of work hours. Reasonable accommodations may be made to enable individuals with disabilities to perform principal duties, other duties, and essential functions described herein. Qualifications Competencies 1. Excellent Communication and Interpersonal Skills Required. 2. Conscientious and Self Motivated. 3. Able to work independently with minimal supervision, or as a member of a team. 4. Customer/Client Focused. 5. Dependable and Punctual. 6. Able to address problems professionally and collaborate with officers and co-workers to resolve issues. 7. Flexible within a working environment and able to adapt quickly and positively to challenging situations. 8. Thorough. Supervisory Responsibility This position has no supervisory responsibility. Level III should demonstrate leadership and be a resource for less experienced staff. Work Environment This job operates in a bank branch office. It is a professional environment. Position Type and Expected Hours of Work This is typically a non-exempt full-time position. Hours may fluctuate due to workload and customer needs; however, the normal work week is expected to be 40 hours; between 8:00 a.m. and 6:00 p.m., Monday-Friday. Occasional overtime may be necessary. All overtime must be pre-approved by manager. Reports To Loan Operations Manager Required Education and Experience 1. High school diploma or equivalent. 2. Knowledge of loan and collateral documentation. 3. Five years of banking with preferred three years of loan-related experience. Working knowledge of different commercial financing options is required. Additional Eligibility Qualifications 1.Must be Bondable EEO Statement Security Bank is an equal-opportunity employer. This means Security Bank will not discriminate in any employment practices based on sex, age, race, color, mental or physical disability, national origin, religion, sexual orientation, marital or veteran status, or other legally protected status. All employees are responsible for adhering to this policy and using all efforts to further its implementation. This job description is intended to outline the job's requirements concisely. It is not designed to cover or contain a comprehensive listing of activities, duties, responsibilities, qualifications, or skills. Duties, responsibilities, and activities may change, or new ones may be assigned at any time.

Responsibilities

The Loan Documentation Specialist is responsible for preparing and reviewing loan documentation to ensure compliance with bank policies and government regulations. This includes ensuring proper documentation is in place to establish legally binding contracts with borrowers and securing interest in collateral.