Loan Documentation Specialist II, Opening 2

Responsible for the collection and verification of necessary documents for loans. Prepares loan closing documents, forms, notices and loan reports. May work with large complex loans. May provide leadership and/or mentoring to subordinates.

Ability to sit for long periods of time. Ability to stand for limited periods of time. Frequent finger/hand manipulation (e.g. keyboard, office equipment, small hand tools, etc.). occasional lifting, carrying, pushing, and/or pulling while exerting up to 50 pounds of force. May require a valid driver's license.

Position will be posted until filled, until sufficient candidates are reviewed to ensure a qualified selection can be made, or until closed at the discretion of the Association.

At the discretion of Lone Star Ag Credit, position may be offered at alternate titles and other business experience may be considered relevant.

AA/EOE/M/F/D/V

DUTIES

1.Reviews commitments for title insurance to substantiate adequacy of the title to meet regulatory and Association requirements.

2.Organizes loan closing requirements and instruments in compliance with all Bank and Association policies, procedures, and regulations; ensures all requirements are met prior to closing and assists branch in meeting the date and time for the loan closing.

3.Assembles and compiles documents for closing, such as insurance forms, loan forms, and flood certificates; examines loan applications and closing documents for accuracy and completeness.

4.Research borrower/collateral history including tax lien and judgment search (if not performed by the title company); processes UCC filing, searches, and billing.

5.Verifies sufficiency of legal description of the security of the collateral.

6.Prepares loan closing statements verifying net loan proceeds, loan maturity dates, and initial interest and principal repayment dates; requests and approves loan proceeds (wire transfers) and verifies receipt of funds by the title company.

7.Prepares various documents to meet consumer and non-consumer requirements (i.e. Farm Credit Act, Regulation B, Regulation C, Regulation X and Regulation Z).

8.Reviews post-closing documents such as title policies, deeds of trust, assignments and additional collateral; ensures that all documents have been properly signed, witness and notarized by all required individuals.

9.Organizes loan servicing requirements and instruments in compliance with all Bank and Association policies, procedures, and regulations.

10.Prioritizes workflow and performs other administrative duties such as filing, typing, copying, binding, scanning, etc.

11.Updates and maintains files; acquires proficiency in filing and retrieving documents electronically; sorts, codes, and files materials; maintains established files and records in accordance with internal policies and procedures.

12.Supports the efforts of the records retention function and assists with scanning and organization of documentation to be retained.

QUALIFICATIONS

High school diploma plus three (3) to five (5) years of professional experience.

Records new loans, establishes relevant files, and maintains a variety of loan records. Monitors the booking of loans and verifies the accuracy of the database. Responds to loan servicing requests. Assists with customer service inquiries and moderately complex problems. Possesses understanding of standard processes and procedures. Performs work under general supervision. Specialized knowledge of terminology related to legal descriptions and documentation of real and personal property.

Specialized knowledge of title commitments/policies and underwriting standards related to title examination. Specialized knowledge of association bylaws, policies, and procedures. General knowledge of accounting/financial systems. General knowledge of accounting/finance principles. Skill in oral and written communication. Basic skill level in Microsoft Office applications.

Current Openings for Loan Documentation Specialist II, Opening 2 Jobs at AgTrust Farm Credit