Lake Michigan Credit Union
Commercial Loan Doc Specialist
Lake Michigan Credit Union, Grand Rapids, Michigan, us, 49528
Job Summary:
The Commercial Loan Document Specialist role is responsible for the preparation and coordination of commercial loan documentation in preparation for final approval and closing.
Responsibilities:Loan documentation: Responsible for generating legal documentation for all commercial loans, including: real estate, SBA, asset based, vehicle and equipment loans. Loan documentation will include all pre and post closing review ensuring LMCU's collateral position is properly perfected and maintained and that the loan is closed in accordance with the approval.Loan Administration: Insure all loans are boarded on to the Credit Union's operating systems correctly, verifying correctness of interest rate, loan type, maturity date, and payment amount. Maintain collateral and financial tracking, researching and resolving collateral exceptions to ensure compliance with lending policies and guidelines. Contact customers regarding past due payments and financial statement exceptions.Compliance Tracking Responsible for insuring all required compliance tracking is updated periodically as loans are closed and/or modified, including: HMDA, Adverse Action, FDPA, and NCUA/LMCU policy exception reporting.Special project requests as they arise including, but not limited to; billing issues, real estate tax payment tracking, special asset loan tracking.Preferred Education and Experience:
Three to five years of similar or related experienceExcellent written and verbal communication skillsMust have extensive knowledge and understanding of accounting and credit principles, lending functions and loan analysis and ability to demonstrate resourcefulness in application of general credit policies.Extensive knowledge of loan documentation, loan policy, regulations and loan grading process.Excellent analytical skills regarding loan/credit review.Advanced PC and spreadsheet software skills.
LMCU is an Equal Opportunity Employer
The Commercial Loan Document Specialist role is responsible for the preparation and coordination of commercial loan documentation in preparation for final approval and closing.
Responsibilities:Loan documentation: Responsible for generating legal documentation for all commercial loans, including: real estate, SBA, asset based, vehicle and equipment loans. Loan documentation will include all pre and post closing review ensuring LMCU's collateral position is properly perfected and maintained and that the loan is closed in accordance with the approval.Loan Administration: Insure all loans are boarded on to the Credit Union's operating systems correctly, verifying correctness of interest rate, loan type, maturity date, and payment amount. Maintain collateral and financial tracking, researching and resolving collateral exceptions to ensure compliance with lending policies and guidelines. Contact customers regarding past due payments and financial statement exceptions.Compliance Tracking Responsible for insuring all required compliance tracking is updated periodically as loans are closed and/or modified, including: HMDA, Adverse Action, FDPA, and NCUA/LMCU policy exception reporting.Special project requests as they arise including, but not limited to; billing issues, real estate tax payment tracking, special asset loan tracking.Preferred Education and Experience:
Three to five years of similar or related experienceExcellent written and verbal communication skillsMust have extensive knowledge and understanding of accounting and credit principles, lending functions and loan analysis and ability to demonstrate resourcefulness in application of general credit policies.Extensive knowledge of loan documentation, loan policy, regulations and loan grading process.Excellent analytical skills regarding loan/credit review.Advanced PC and spreadsheet software skills.
LMCU is an Equal Opportunity Employer