Foresight Bank FFG · 1 week ago
Commercial Loan Documentation Specialist
Freeport, IL, US
Full-time
Onsite
Entry, Mid Level
$46K/yr - $69K/yr
2+ years expForesight Bank is the largest, locally owned community bank in Northern Illinois. The Commercial Loan Documentation Specialist is responsible for preparing accurate loan documents and processing loan files after closing to ensure they are accurate and legally binding, while also executing quality control checks and ensuring compliance with banking laws.
Banking
Responsibilities
Prepare accurate loan documents for a variety of Commercial loans, ensuring all required pre-documentation, including verification of borrower identity, title work, appraisals and flood determinations has been completed, collateral support is in place, and proper approval has been granted
Performs loan opening process which includes initial escrow calculations (if applicable)
Executes a quality control check of all required loan documents before the loan is booked and funded including reviewing title commitments and searches, checking for proper vesting, legal descriptions, dates, and signatures
Process all new and renewed loans
Perform basic post-closing loan review, ensuring all required documents are properly signed, accurate and executable
Uploads loan information from the loan origination software to the core system for all loan requests and is executed in a timely manner and within proper established controls
Process loan documents and prepare tickets or wire transfers
Pay fees, record/release mortgages, file UCC’s, and place auto title liens as needed
Prepare denial letters, ensuring second review of documentation
Provides indirect customer service by sharing knowledge and providing guidance and answers for a variety of basic questions to co-workers and other bank staff, referring inquiries to the appropriate department or person as necessary
Ensures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations including Bank Secrecy Act and Anti Money Laundering to assist management in monitoring for suspicious activity, money laundering, or other illegal customer activity
Completes other projects and duties as assigned by the manager
Qualification
Preferred
Associate Degree or HS diploma/equivalent and commiserate experience preferred
2+ years' knowledge and experience in loan transactions, lending, loan operations and procedures preferred
Company
Foresight Bank FFG
Foresight Bank: Built from Local Strength, United by Purpose Foresight Bank was formed by uniting six long-standing community banks—German American State Bank, Northwest Bank of Rockford, State Bank of Freeport, Lena State Bank, State Bank of Davis, and State Bank of Herscher—under one charter to better serve the people and businesses across our region.
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase