Volex · 7 hours ago
Commercial Loan Documentation Specialist
Volex is a company that supports the commercial loan department with the preparation of loan documents and coordination of the loan closing process. The role involves reviewing and tracking loan documentation, ensuring compliance with regulations, and collaborating with various stakeholders to facilitate the loan process.
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Responsibilities
Reviews the loan requests and renewals, requesting any additional documentation that may be needed; performs due diligence for assigned loans, validating entity status for applicable parties to loans; orders appraisal, flood, title insurance; UCC search and any and all related functions needed to effectively complete and close a loan/renewal
Prepares the engagement letters for attorneys and title companies
Reviews title commitments for accuracy and any issues that may need to be resolved
Coordinates loan closings with Lenders and others within the department
Notifies Lender of loan status and any issues that may arise
Works closely with all parties to ensure accurate and efficient loan documentation and preparation for closings
Obtains and accurately prepares the necessary loan documents needed to secure all types of commercial loans
Works closely with Loan Participation Partners on all new/modified/renewed loans; gathers documentation required prior to funding; verifies regulatory compliance, loans are correctly documented and approved; tracks and verifies any and all “subject to” items; prepares new participation set-up documentation
Works closely with staff to maintain the “tickler management” process within both core and LP platform systems; verifies insurance, financial statements, etc
Works with staff to maintain and build new/renewal note audit system
Works with staff to build and maintain commercial files
Performs other tasks in support of loan operations as requested
Is responsible for successful completion of all required compliance training. Participates in training meetings to keep abreast of changes in regulations that affect loan originating and reporting
Conducts oneself in accord with the Bank’s Core Values
Qualification
Required
High school diploma or equivalency
A minimum of two to five (2-5) years banking experience in a consumer, residential or commercial loan area or a related field; or equivalent combination of education and training
Ability to perform simple mathematic calculations
Ability to read and listen, understand and communicate information and ideas in a clear and understandable manner, both orally and in writing
Ability to understand how each task performed is part of a process; ability to think through processes and problem solve when necessary
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration and adaptability are important
Ability to sit for extended periods of time
Ability to view computer screen and paperwork
Preferred
Banking experience in a loan operations department preferred
Knowledge of Microsoft Windows operating system & Microsoft Word and Outlook; knowledge of banking software systems preferred
Company
Volex
Volex plc delivers high quality power cords,electronic interconnect and fiber optic cable solutions vital for high-tech products & services.
Funding
Current Stage
Public CompanyTotal Funding
$31.04M2018-09-28Post Ipo Equity
2014-07-01Post Ipo Equity· $31.04M
1939-07-20IPO
Leadership Team
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