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FVCbank · 18 hours ago

Loan Documentation Specialist

Fairfax, VA

Full-time

Onsite

Mid Level

3+ years exp

FVCbank is a company dedicated to creating a positive and empowering work environment for its employees. The Loan Documentation Specialist will support the Lending staff and Loan Administration management in the daily operations of the loan division, preparing loans for settlement and ensuring all necessary documentation is in order.

Banking

Hiring Manager

Sarah Deavers

Responsibilities

Receive new loan approvals, renewals, modifications and/or extensions of commercial, real estate or consumer loans from the SVP, Director of Loan Operations and Servicing or AVP, Loan Documentation Team Leader. Review loan approval and electronic file for completeness and communicate with the loan officer on any missing documentation needed in order to proceed towards settlement (i.e. entity docs, insurance, etc.)

Engage title companies and order the necessary lien searches depending on loan transaction type and approval requirements. The Loan Documentation Specialist will review the supporting documents for accuracy and confirm they abide by FVCbank’s Loan Policy

Prepare loan documentation internally using LaserPro. Once documents are completed, and all necessary items have been received and reviewed in order to proceed to settlement, the file should then be delivered to the loan officer and SVP, Director of Loan Operations and Servicing for review. All supporting documentation (i.e. title work, insurance, appraisal, etc.) must be in the file prior to said review. The Loan Documentation Specialist will prepare the closing instruction letter for the title company prior to settlement

In the event documents are to be attorney prepared, the Loan Documentation Specialist will be required to engage the attorney requested by the loan officer and work with all parties involved to collect necessary checklist items and proceed towards closing. This includes, among other things, confirming that draft documents are reviewed by both the loan officer and the underwriter

Once settlement has occurred, the Loan Documentation Specialist will prepare the funding & booking form and forward the loan workflow and file to funding and booking

Assist in the documentation, closing, funding and booking of Lightning Lending Loans

Order checks for HELOC’s, if necessary

Upload and/or scan files and documents to M-Files

Update Loan Status Report on a daily bases so Lending Team knows the status of all loans

Work post-closing ticklers and insure that all post-closing requirements are met in a timely manner