1st Century Bank, a division of MidFirst Bank, is a full service bank with a vision of unparalleled client service in Los Angeles. The Bank’s core principles are flexibility, responsiveness, and the ability to create tailored solutions, coupled with its commitment to provide exceptional client service. Our bankers work in a team effort to develop a deep understanding of their clients, and work with and on their behalf to develop solutions tailored to meet their needs. Nothing is overlooked. Everything is considered.
The Loan Documentation Specialist will be accountable and responsible for preparing loan documentation for commercial loans in accordance with the Bank’s loan approval process. Ensure timely disposition and control of legal documentation, collateral and documentation records as well as that the documents requested comply with Bank’s policy.
Accountable and responsible for preparation of loan documentation for commercial loans in accordance with the loan approval process.
Prepare loan documentation for new commercial loans, renewals, and modifications ensuring compliance and safe and sound practices for various loan types including Commercial Real Estate, Commercial & Industrial, Lines of Credits, Term Loans, Construction Loans, and SBA Loans.
Support loan documentation and closing function while maintaining, expanding and building relationships, resulting in a high degree of client satisfaction.
Coordinate final preparation of loan documents and closing procedures with applicable parties.
Perform credit and public record information searches.
Position Requirements:
5-7 years of documentation experience in a financial institution;
Work related experience of loan servicing Commercial (including revolving/non-revolving lines of credit, term loans, construction loans, documentary/standby letters of credit, SBA/government loans), consumer and real estate loan documentation preparation.
High school diploma or equivalent;
Excellent verbal and written communications skills;
Experience with LaserPro Documentation preparation software is a plus;
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Associated topics: collections officer, file, loan closer, loan collections officer, loan processor, mortgage, mortgage clerk, mortgage process, process, verification