Commercial Loan Documentation Specialist - Grand Rapids, MI
Commercial Loan Documentation Specialist - Grand Rapids, MI
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Salary Not Disclosed
1 Vacancy
Job Description
Job Title:Commercial Loan Documentation Specialist
Primary Location:Grand Rapids MI
Employee Status: full-time hourly
Estimated Hours/Week:38
Hybrid: Yes
What Youll Get: (note varied offerings based on role and hours)
Weekly Pay
Comprehensive Health & Wellness package including Medical (with prescription coverage) Dental and Vision
Matching Health Savings Account Contributions Dependent Care flexible spending account (FSA)
Retirement options like 401 (k) with company match and pension
Paid time off: Vacation Personal days paid holidays paid volunteer time sick days & flex time
Tuition reimbursement
To see a full list of our benefit offerings check out this helpful guide!
About this position:
The Commercial Loan Document Specialist role is responsible for the preparation and coordination of commercial loan documentation in preparation for final approval and closing.
What youll do:
Loan documentation: Responsible for generating legal documentation for all commercial loans including real estateSBA asset based vehicle and equipment loans. Loan documentation will include all pre and post-closing review ensuring LMCUs collateral position is properly perfected and maintained and that the loan is closed in accordance with the approval.
Loan Administration: Insure all loans are boarded on to the Credit Unions operating systems correctly verifying correctness of interest rate loan type maturity date and payment amount. Maintain collateral and financial tracking researching and resolving collateral exceptions to ensure compliance with lending policies and guidelines. Contact customers regarding past due payments and financial statement exceptions.
Compliance Tracking Responsible for ensuring all required compliance tracking is updated periodically as loans are closed and/or modified including:HMDA Adverse ActionFDPA andNCUA/LMCUpolicy exception reporting.
Special project requests as they arise including but not limited to; billing issues real estate tax payment tracking special asset loan tracking.
What Youll Bring:
Three to five years of similar or related experience
Excellent written and verbal communication skills
Must have extensive knowledge and understanding of accounting and credit principles lending functions and loan analysis and ability to demonstrate resourcefulness in application of general credit policies.
Extensive knowledge of loan documentation loan policy regulations and loan grading process.
Excellent analytical skills regarding loan/credit review.
Advanced PC and spreadsheet software skills.
Who We Are:
Were proud of our past thrilled with our present and couldnt be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union LMCU is a not-for-profit institution owned by its members instead of corporate stockholders. We are accountable directly to our members and they directly share in our success benefitting by lower and fewer fees better savings and checking interest rates lower cost mortgages and a host of other advantages that simply dont exist at traditional banks.
Its about always doing whats best and right for our members - it guides everything we do.
From friendly knowledgeable and professional employees who greet you by name to offering stellar value at every turn LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members lifetime financial needs.
Youll be encouraged to innovate and excel and were committed to your empowerment as an employee providing ongoing training development support and opportunities for you to achieve your career goals.
Have additional questions about the role
You may email us at: .
If you lack access to the internet or internet connectivity or have a disability that hinders your ability to apply online please choose one of the following options to obtain assistance:
Call us at:
Mail your resume to: 5664 Prairie Creek Drive Caledonia MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team who will provide appropriate assistance to facilitate the completion of LMCUs online application.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
