US Bank - Oshkosh, WI

posted 2 months ago

Full-time - Entry Level
Oshkosh, WI
10,001+ employees
Credit Intermediation and Related Activities

About the position

The Commercial Lending Loan Documentation Specialist is responsible for coordinating the preparation of loan and lease packages in compliance with various policies, regulatory guidelines, and investor standards. This role involves gathering and reviewing necessary documents, communicating with various stakeholders, and ensuring compliance with internal and external requirements. The position offers a hybrid work schedule, requiring in-office attendance for three or more days a week while allowing flexibility for remote work on other days.

Responsibilities

  • Coordinate the preparation of loan/lease packages in compliance with policies and procedures.
  • Gather and review necessary documents and information within designated time frames.
  • Process incoming paper mail and checks, scanning and routing to the file room.
  • Communicate with staff, customers, realtors, brokers, counsel, title companies, etc. to respond to inquiries and resolve problems.
  • Ensure compliance with internal policies, regulatory and investor requirements, and customer service standards.
  • Coordinate the closing and funding of assigned loan packages, calculating final closing costs and disbursing funds.

Requirements

  • High school diploma or equivalent.
  • Typically six to eight years of relevant experience.
  • Thorough knowledge of legal documents used to support applicable loan/lease processing.
  • Ability to work with legal staff to solve complex documentation needs.
  • Ability to apply critical thinking for all elements of loan documentation construction.
  • Ability to master the bank's documentation software.
  • Advanced knowledge of closing policies and procedures, funding policies, underwriting requirements, governmental and agency requirements, terminology, and automated processing systems.
  • Advanced knowledge of applicable credit policies and approval processes for assigned product(s).
  • Ability to work effectively and accurately in a fast-paced, high production, professional environment.
  • Strong organizational skills.
  • Effective verbal and written communication skills.

Benefits

  • Healthcare (medical, dental, vision)
  • Basic term and optional term life insurance
  • Short-term and long-term disability
  • Pregnancy disability and parental leave
  • 401(k) and employer-funded retirement plan
  • Paid vacation (from two to five weeks depending on salary grade and tenure)
  • Up to 11 paid holiday opportunities
  • Adoption assistance
  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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