Details
Posted: 26-Apr-22
Location: Ann Arbor, Michigan
Salary: Open
Internal Number: 512371-813064
Who We Are
Bank of Ann Arbor is one of the nation's best financial institutions, serving the Southeast Michigan area for over 25 years! At Bank of Ann Arbor, we help our clients succeed financially. We serve our clients with a purpose and a passion, and our talented team delivers uncompromised value with every interaction. It is the mission of Bank of Ann Arbor to be a dynamic, growing and sustainable community bank that is the premier financial institution within the markets it operates; it will be owned by individuals in its markets, managed locally, and responsive to the needs of its communities. The Bank will serve and partner with its customers and communities to achieve their financial goals through high quality products delivered by energized employees and through community service comprised of donations, time, and leadership. Our employees are valued and will work in a culture that invests in their development and rewards their positive contributions.
For the third time in five years, we were named one of American Banker's Best Banks to Work For (only 75 of 6,000 institutions were named) thanks to our strong culture, value system, competitive benefits, terrific team, strong commitment to the community, and fun work environment.
Since Bank of Ann Arbor was founded in 1996, we've consistently supported the communities we serve. We've contributed over $5.4 million to help support area nonprofit organizations, schools, faith-based institutions, the arts, and others. In 2017, Bank of Ann Arbor personnel volunteered more than 3,000 hours to nearly 200 nonprofit organizations.
Who You Are
As the Commercial Loan Documentation Specialist, you are responsible for various aspects of the commercial loan documentation process, including accurate and efficient processing from receipt of the loan approval to preparing the file for closing and disbursement of loan funds while adhering to all regulatory and compliance standards. Fostering relationships with other departments and entities (title companies, vendors, etc.), you are ensuring loans progress through the pipeline efficiently and effectively.
Your Role
- Prepare loan documentation for all commercial loans and ensure that the documents comply with bank policy and that the document package and/or executed document package are complete.
- Communicate regularly with commercial lenders regarding progress of loan status and items needed for loan closing. Address questions and concerns through investigation and corrective action or in consultation with the Loan Officers.
- Responsible for assisting lenders with clearing all loan conditions and requirements as set by the commercial loan guidelines and per the loan approval and prepare for closing.
- Complete all necessary review and documentation such as UCC searches, title requirements, flood, etc.
- Order critical documents and verifications, including but not limited to title work, flood certs, entity status. Examine and verify authenticity of documents and submit to the Commercial Lenders for determination within the established timeframe.
- Enter loans into Laser Pro System, while maintaining pipeline tracking for loans in process to ensure timely completion.
Experience and Skills
Your Knowledge and Experience
- Associates degree in accounting or finance preferred, or equivalent combination of education and experience.
- 2+ years' experience in working in loan documentation.
- Knowledge of agency guidelines and industry standards as they relate to commercial lending.
- Exceptional organization, time management and follow-up skills. Excellent interpersonal skills and ability to communicate effectively with customers, bank employees and outside service providers.
- Ability to follow detailed instructions and a wide range of procedures requiring sound judgement.
- Working knowledge of MS Office Suite, LaserPro is a plus
- Excellent organizational skills
Physical Demands and Work Environment
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.
The noise level in the work environment is usually moderate.
