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Byline Bank · 2 weeks ago

Loan Documentation Specialist (Hybrid, Chicago, IL)

Chicago, IL

Full-time

Hybrid

Entry, Mid Level

$25/hr - $30.77/hr

2+ years exp

Byline Bank is a full-service commercial bank headquartered in Chicago, serving small- and medium-sized businesses and consumers. The Loan Documentation Specialist is responsible for preparing loan documentation for various loan types and ensuring compliance with loan approval guidelines and federal regulations.

Asset ManagementBankingCommunitiesCredit CardsFinanceFinancial ServicesFinTechLendingWealth Management

No H1B

Responsibilities

Help prepares loan documentation for new loans, renewals, and modifications for various loan types, including Commercial Real Estate, Line of Credits, C&I, and Term Loans

Help ensures all commercial loan documents are accurate and in accordance with the loan approval guidelines and federal regulations

Assists in the reviews of all due diligence loan documents, establishes that all compliance requirements are met prior to releasing final loan documents

Assists in the communications with the lenders, admins, attorneys, title company personnel, and various other vendors to close every commercial loan type in a timely manner

Help reviews document checklist and waivers; works with Lenders and Admins to ensure that appropriate approvals are received prior to disbursing the loan

Help conveys to Lenders and Divisional Assistants the need for key documents to fund/book transactions accurately, timely, and consistently

Help assesses all pertinent borrower, property/collateral, and documentation information and verifications related to documenting commercial loan transactions

Assists in the analyzes entity documentation such as Articles of Incorporation, Operating Agreements, or By Laws to determine or validate the transaction's identified signers

Assists in the interpretation and understanding of Credit Approvals, due diligence, title commitments, formation documents, etc

Consults management to resolve issues or to seek approval for exceptions or waivers

Provides problem resolution and service to internal customers

Help ensures document requests have proper approval authority

All other duties as assigned

Qualification

Commercial loan documentationLaserPro experienceBank compliance regulationsMicrosoft Office SuiteProblem-solving skillsDetail-orientedOrganizational skillsCommunication skillsTeamworkSelf-starter

Required

Associate degree or equivalent

2+ years of banking experience, primarily commercial loan preparation, preferred

2+ years of Commercial related LaserPro experience and proficient producer of quality business purpose documents in the LaserPro system, preferred

Knowledge of commercial loan documentation, including knowledge of the UCC

Detail-oriented with excellent organizational, time management, and communication skills

Proven ability to work both independently and as a team member

Strong knowledge of bank policy and Federal and State compliance regulations, including Article 9 of the Uniform Commercial Code, Flood Regulation, CRA/HMDA

Strong written, verbal, and interpersonal skills

Solid problem-solving/decision-making skills

Self-starter with the ability to manage production., multiple tasks/projects

Excellent organizational skills and ability to prioritize workload

Proficiency in Microsoft Office Suite