Loan Documentation Specialist

Job Description

Job Description

Overview :

Our client, a bank, located in Chicago is seeking a Loan Documentation Specialist who reports directly to the Closing Department Manager. In this role you will be required to wear multiple hats, and must be a team player.

Responsibilities :

• The primary duties are performing a final validation of key data across documentation, the loan application and Credit Memo and confirming that all necessary pre-closing conditions are satisfied, approvals and signatures, both from the borrower and internal stakeholders, are obtained prior to securing PLP through the SBA Capital Access Financial System (CAFS) and generating the loan documentation in accordance with regulatory, SBA and Bank requirements.
• They are responsible for securing PLP through the SBA CAFS and preparing loan documents in LaserPro.
• They are responsible for the pre-boarding onto the Bank’s core system, coordination of wire transfer for funding and coordinating post-fund QC fundings.
• Facilitate clear communication between the loan closing department and other relevant departments to address any outstanding issues promptly.
• Stay updated on regulatory requirements and compliance standards to ensure adherence throughout the loan closing process.

Qualifications :

Required Skills :

Compensation :

Equal Opportunity Statement :

Our client is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law.