Loan Processing Specialist

2 weeks ago


Santa Rosa, California, United States Dexian Full time

Position Overview

Job Title – Loan Documentation Specialist I

Company – Dexian

Employment Type – Full Time with Benefits

Compensation – $30 to $35 per hour

Job Summary

Role Summary - As a Loan Documentation Specialist, you will leverage your expertise to create and assess loan documentation across various loan categories, ensuring adherence to compliance standards and precision. This position offers two tiers, accommodating your level of experience and proficiency.

Primary Responsibilities

  • Document Preparation: Generate documentation for consumer, commercial, letters of credit, and commercial real estate loans, guaranteeing compliance and accuracy.
  • Modification of Loan Terms: Manage alterations to original loan documents, including adjustments to rates and extensions of maturity dates.
  • Completion of Essential Documentation: Finalize all requisite loan documents such as UCC filings, flood hazard assessments, and loan checklists.
  • Software Utilization: Engage with loan documentation and origination platforms, including LaserPro, Encompass, Abrigo, and FIS.
  • High Volume Management: Draft and review over 20 loan documentation packages monthly while upholding exceptional accuracy and quality standards.
  • Loan Documentation Specialist II (In addition to all I duties)
  • Complex Loan Preparation: Prepare documentation for intricate loans, including construction, SBA, and other advanced financial products.
  • Escrow Instructions: Draft and submit escrow instructions to title firms to ensure proper execution.
  • Comprehensive Documentation: Manage re-amortization of complex payment restructures and amend original loan documents as necessary.
  • High Volume Management: Draft and review over 30 loan documentation packages monthly while ensuring accuracy and consistency.
  • Quality Assurance
  • File Analysis: Verify that all loan files possess the necessary due diligence and legal documentation prior to preparation.
  • Team Collaboration: Coordinate with loan officers, management, clients, and third parties to gather required documentation.
  • Final Review: Conduct final quality control checks of loan documents to confirm accuracy and completeness.
  • Additional Duties:
  • Engage in special projects, research, and other tasks as assigned.

Minimum Qualifications

Loan Documentation Specialist I

Education/Experience: High school diploma with a minimum of 2 years of experience in loan documentation across various product lines.

Loan Documentation Specialist II

Education/Experience: High school diploma with 5 years of experience in loan documentation, including complex products.

Knowledge, Skills, and Abilities

  • Fundamental understanding of loan documentation practices and regulatory compliance.
  • Familiarity with lien perfection requirements for diverse loan types.
  • Basic experience with loan origination software and proficiency in Microsoft Office (Word, Excel, PowerPoint).
  • Loan Documentation Specialist II
  • In-depth knowledge of complex loan documentation, SBA regulations, and compliance.
  • Comprehensive understanding of verification requirements for various borrowing entities.

Proficiency with loan origination software and advanced skills in Microsoft Office are essential.



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