Commercial Loan Documentation

Responsible for Closing requirements and Documentation of Commercial Loans using LaserPro, Books all New and Renewed Loans into FIS Core system. Maintains system requirements for Non-Accrual, Charge-off processing as directed by ELC approvals. Responsible for daily loan balancing, system maintenance and Customer Research inquiries. Responsible for reviewing new and renewed loan closing requirements, documentation accuracy, approval and funding coordination with Loan Officers, Legal and Title Companies ensuring accuracy and successful closing supporting  to the Commercial Lending division. Independently performs complex problem solving and decision making activities, while exercising discretion and judgment in significant matters consulting with Management on matters of risk to the Bank.

Communication
Good listening skills; asks questions to ensure understanding. Explains reasoning behind own opinions. Shares knowledge, demonstrates openness and honesty. Writes and speaks effectively, states own opinions clearly & concisely. Communicates complex/difficult messages in simplified terms. Uses a professional approach when communicating to others. Conveys ideas and facts orally and in writing – using language the audience will best understand.

Ensuring documentation and all requirements for documentation are accurate and consistent according to approvals supported by policy and procedures.

Completes and Reviews New and Renewed Loan documents for completeness and accuracy using Laser Pro.

Establish loan documentation procedures for periodic updates.

Order new flood determinations for loans approved by ELC and re-certify as needed.

Order tract searches for renewing loans and for other departments when requested.

Maintain Commercial Loan Processing Pipeline.

Order UCC and judgment searches for all documents and resolve all required clearance items ensuring accuracy.

Confirm and Verify tax status for all loans ensuring accuracy as verified on assessors or recorders websites.

Accurately interpret loan structure and documentation requirements.

• Working with staff to ensure accurate boarding of all New and Renewed loan into  FIS Core System.
• Independently performs complex loan reports for various departments and customer loan system research.
• Maintains system requirements for Non-Accrual, Charge-off processing as directed by ELC approvals.
• Participation management, Interest Reserve set-up and monitoring.
• Maintains an enhanced level of working knowledge of regulatory compliance laws, regulations and rulings that impact loan operations.
• Responsible for daily loan balancing, system maintenance, customer research inquiries and Maintains FIS Loan System Bank Control.
• FIS (Metavante), Excel, Word, Laser Pro experience required.

Job Locations
Positions located in Western suburbs, Southwest suburbs and downtown Chicago. Main office is located in Wheaton, IL.

Location
Wheaton, IL.

Salary
Salary range is $40,000 – $60,000.