Loan Documentation and Funding Specialist II

Starting Pay: $2024/hour

At Midland States Bank base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education skills internal equity and experience. This position offers additional compensation in the form of shortterm incentives (i.e. bonus and/or commission) and may include longterm incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare wellbeing benefits paid family leave as well as generous paid time off. Total Rewards also include banking perks an Employee Stock Purchase Plan 401K plan with company match and may include the opportunity to participate in our NonQualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Position Summary

Responsible for the timely preparation of quality documentation as well as the centralized funding and quality control/audit functions for consumer small business and commercial loans once the executed documents have been imaged. The Loan Documentation and Funding Specialist must ensure that the bank is consistently adhering to loan policies and guidelines in addition to meeting all legal regulatory and compliance requirements. This role will crosstrain assist and support other job functions as needed in order to foster and sustain a strong team environment.

Primary Accountabilities

• Receives validates and completes complex loan documentation funding and quality control research requests.
• Consistently demonstrates a comprehensive understanding of the banks underwriting and documentation platforms. Seen as the expert and point of expertise both within and outside the department.
• Prepares timely accurate consumer/commercial loan documents which meet the requirements as outlined in the credit approval the banks loan policy and regulatory guidelines for new loan transactions renewals extensions and modifications.
• Performs a timely check of loan documents created by other Loan Documentation Specialists before they are released to the Markets.
• Escalates questionable transactions and reoccurring issues to management in a clear and timely manner. Verifies data held on the banks core application and any auxiliary systems to ensure all coding agrees with the credit approval and the supporting documentation held in the banks imaging system.
• Performs all tasks related to the controlled distribution of loan funds and collateral perfection on Consumer and Commercial Loans
• Observes all security privacy and compliance requirements.
• Consistently meets SLA timeframes.
• Identifies and electronically pulls documents from the banks underwriting platforms into the banks archive system as needed.
• Provides exceptional customer service to our customers and business partners.
• Trains others in the performance of Loan Documentation and Funding and acts as a mentor to new team members.
• Assists with the development and of onboarding and crosstraining plans.
• Displays exceptional teamwork and contributes to a positive culture.
• The role requires occasional travel for training and team meetings and willingness to travel periodically to locations within market as needed.
• May require work in a Midland office to ensure collaboration and support of internal and external customers.
• Maintain compliance with all applicable regulations including but not limited to the Bank Secrecy Act (BSA).
• Other duties as assigned.

Position Qualifications

Education/Experience:

• Bachelors Degree or Associates Degree with 35 relevant banking experience and/or knowledge within a specific service/product line.
• Practical experience in loan documentation loan compliance lending or a closely related field is a plus.
• Demonstrated ability to learn and use new software and programs.
• Proficient in Microsoft Office Suite.

Competencies:

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

At Midland States Bank we believe that when we can bring our whole selves to work each day we become happier more comfortable more confident and more excited to do great things for our customers each other and our company. Were proud to be an Equal Opportunity and Affirmative Action employer. At Midland we recruit employ train compensate and promote without regard to race color religion gender gender identity or expression sexual orientation national origin genetics disability age or veteran status. If you are looking for a place to grow we encourage you to apply at Midland States Bank because you belong here.

If you require reasonable accommodation in completing this application interviewing completing any preemployment testing or otherwise participating in the employee selection process please direct your inquiries to Midland States Bank Human Resources at.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT