Senior Consumer Documentation Specialist - 1st Century Bank
1st Century Bank, a division of MidFirst Bank, is a full service bank catering to small to medium size businesses and professionals in Los Angeles area. The Bank’s core principles are flexibility, responsiveness, and the ability to create tailored solutions, coupled with its commitment to provide exception customer service. We tailor financial strategies to meet the unique needs and business demands of our clients. Our clients are real people, with real dreams, and their success is our greatest achievement. For more information, please visit our website at www.1cbank.com.
This position is primarily responsible for preparation of due diligence and documentation packages for all consumer loans. Position is also responsible for securing liens on collateral, and ensuring loans comply with internal bank policies, as well as federal and state regulations.
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 underwriters and loan officers for any additional information needed to prepare loan documents and close loans.
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.
Position Requirements:
Additional Requirements:
- Minimum 5 years of loan documentation preparation experience, consumer experience required.
-Minimum 5-7 years of experience with TRID and HELOC document preparation.
- Working knowledge of credit agreement covenants, loan documentation in multiple states.
- Comply with Article 9, UCC, Regulations B, C, Z, RESPA, Fair Credit Reporting Act, TRID 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.
- 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.
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Job ID:10648
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