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MidFirst Bank · 2 months ago

Commercial Funding Documentation Specialist

Oklahoma City, Oklahoma, United States

Full-time

Onsite

Entry Level

1+ years exp

MidFirst Bank is a financial institution seeking a Commercial Funding Documentation Specialist. This role is primarily responsible for preparing documentation for commercial loans, ensuring compliance with regulations, and securing liens on collateral post-closing.

BankingVenture Capital

Responsibilities

Ensures loan documents are prepared in accordance with the terms and conditions per the credit approval and in compliance with regulatory requirements as related to local, state and federal guidelines

Ensures work is completed on time and accurately by planning, coordinating and monitoring daily activities

Communicates with loan officers for any additional information needed to prepare loan documents

Orders UCC searches, corporate searches and other due diligence as required

Ensures loan document packages are complete and ready for funding and boarding including coordination with title and/or escrow companies for closing, obtaining pay off demand statements and obtaining appropriate insurance coverage, when required

Responsible for security of loan documents, promissory notes and valuable assets, including the perfection of the Bank’s interest in collateral and protection of documents which represent the Bank’s security interest (such as securities, recorded deeds, vehicle registration, UCC-1 forms, insurance coverage and other forms of collateral)

Miscellaneous duties as assigned

Qualification

Loan documentationCommercial loan processingRegulatory complianceMS WordMS ExcelLaserProInterpersonal skillsWritten communicationOral communicationOrganization skills

Required

Bachelor's degree in a business related field and at least 1 year of demonstrated experience working with business entity agreements, reviewing title documents, or conducting legal document preparation or quality control

Candidates without a Bachelor's degree who have three (3) or more years of commercial loan processing or document preparation experience will also be considered

Excellent interpersonal, written and oral communication skills are required

Ability to make sound decisions and produce great work under general or limited supervision

Highly proficient PC skills including MS Word, MS Excel, and programs used to generate loan documents (knowledge of LaserPro is a plus)

Ability to adjust priorities to changing circumstances and maintain quality in fast paced atmosphere

Great organization skills, very detailed oriented

Preferred

Exposure to credit agreement covenants and loan documentation in multiple states

Knowledge with Article 9, UCC, Regulations B, C, Z, RESPA, Fair Credit Reporting Act, and other federal and state laws and regulations

Working knowledge of complex consumer transactions, understanding of title reports and exceptions, and familiarity with Loan Estimates and Closing Disclosures

Working knowledge of commercial and consumer lending policies

Working knowledge of the more complex commercial style transactions