Loan Processing Specialist II

1 week ago


GondrecourtleChâteau, Grand Est, United States Minnesota Bankers Association Full time

Position Overview:
We are in search of a meticulous and experienced Loan Documentation Specialist to become a vital part of our Loan Administration team at Minnesota Bankers Association.

Role Responsibilities:
In this position, you will engage in various tasks related to the initiation of new commercial and consumer loans, as well as the renewals and modifications of existing loans. Your responsiveness to borrowers and lending personnel will be crucial in ensuring timely loan closings. Precision is essential to mitigate risks to the bank and to comply with relevant laws and regulations.

Key Duties Include:

  • Preparing, reviewing, and processing documentation for all types of commercial and consumer loans, ensuring alignment with committee-approved requests and adherence to bank policies, lending practices, and regulatory standards.
  • Communicating with external legal counsel regarding document preparation and other necessary due diligence.
  • Drafting Participation Agreements and Letters of Credit documentation, along with managing renewals and modifications.
  • Completing Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) documentation and compliance reporting.
  • Overseeing the loan booking process using core and document imaging software, which includes new loans and modifications for various loan types.
  • Executing initial loan funding processes while ensuring the accuracy of disbursed funds through internal checklists.
  • Balancing general ledgers related to loan bookings.
  • Collaborating effectively with internal partners to ensure timely and accurate completion of tasks.

Note:
The above description outlines the general responsibilities and requirements for this role. It is not intended to be an exhaustive list of all duties, responsibilities, or qualifications.

Qualifications:
4-6 years of experience in commercial and consumer loan processing and/or documentation, along with strong oral and written communication skills. A keen attention to detail and a solid understanding of the rules, regulations, and policies governing loan documentation are essential.

About Us:
At Minnesota Bankers Association, we are committed to fostering a culture that encourages growth and innovation. Our mission is to redefine the banking experience and create a positive impact in the community.



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