This position supports the Bank’s lending team by generating and reviewing requisite loan documentation. Responsibilities include:Ensures loan documents correctly reflect the Bank’s position as intended by credit approvals. 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. Communicates with Loan Office... more details
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Job Type
Full-time
Description
This position supports the Bank’s lending team by generating and reviewing requisite loan documentation.
Responsibilities include:
Ensures loan documents correctly reflect the Bank’s position as intended by credit approvals.
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.
Communicates with Loan Officers and Portfolio Managers for any additional information needed to prepare loan documents.
Resolves any problems, issues or questions, both verbally and in writing, to ensure customer satisfaction and to maintain productive relationships with other bank departments.
Orders third party data – Flood, UCC, IRS 4506-T Verification, judgment, etc.
Coordinates loan closings with title companies and/or attorneys.
Responsible for coordinating the collection, review and approval of due diligence materials.
Coordinates and/or sends loan documents for recording (vehicle titles, Deed of Trusts, UCC liens, etc.).
Identifies the applicability of HMDA, RESPA, TILA and CRA to loan transactions.
Coordinates with branch staff for the establishment of customer accounts, escrow accounts, interest reserve accounts, and any other deposit product which may be required by the credit approval.
Establish and maintain a good working relationship with third party vendors, attorneys, loan officers and borrowers.
Requirements
Qualified candidates must possess the following:
Minimum 3 years commercial loan processing experience within a commercial bank or equivalent experience with loan closing within a law firm or title company.
Strong computer skills with the ability to learn and attain proficiency with the Bank’s core system of products from Jack Henry (Xperience, Silverlate, Synergy) and nCino.
Proficient knowledge of banking regulations, commercial and consumer loan requirements, and RESPA, TILA, HMDA, CRA.
Proficient knowledge of LaserPro loan documentation software strongly preferred.
Proficient knowledge and understanding of real estate title matters, UCC regulations and guidance, insurance, legal documentation, organizational paperwork, vehicle titling/lien requirements.
Proficient knowledge of commercial bank transactions, including real estate acquisitions, investment property and/or commercial refinance loans.
Strong customer service and verbal and written communication skills.
Ability to problem solve and work independently or in a group environment.
Ability to multi-task and meet deadlines in a time sensitive environment.
Good working knowledge of transaction posting, general ledger, and basic accounting principles.
At MainStreet Bank we strive to bring talented, team-oriented individuals on staff to meet and exceed our customers' needs. MainStreet team members enjoy a friendly working environment, opportunity for personal and professional growth, generous benefits and access to resources for improving their well-being.
For more information visit our website at www.mstreetbank.com .
MainStreet Bank is an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color or any other protected class.
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