Loan Specialist

• Oversee the quality, accuracy, completeness, and compliance of loan documentation throughout the commercial loan closing process.
• Pre-review attorney-prepared commercial loan documentation for accuracy, completeness, approved credit terms, Bank policy, system capabilities, and regulatory requirements.
• Manage operational and legal risk throughout the documentation process.
• Serve as primary liaison with external attorneys, internal general counsel, Commercial Administration, and Credit Administration teams.
• Resolve documentation discrepancies, review corrected documents, and ensure all requirements are satisfied before loan closing.
• Prepare and analyze reports and monitor compliance with internal standards and regulatory expectations.
• Support efficient loan closings, maintain quality standards, identify recurring issues, influence best practices, and maintain consistency.
• Manage bank-approved attorneys and develop and maintain standardized legal language for approved external counsel.
• Lead development and testing of enhancements and upgrades to documentation and origination systems, providing guidance to employees.
• Conduct detailed pre-reviews and document discrepancies, omissions, inconsistencies, or exceptions.
• Communicate document issues and required corrections to external attorneys, monitor outstanding items, and facilitate timely resolution.
• Verify revised documentation incorporates requested changes and accurately reflects approved loan structure before execution.
• Generate quality-control reporting and recommend process improvements with Legal Counsel, Relationship Managers, Commercial Loan Administrators, and Credit Administration.
• Support training initiatives with team members and business partners.
• Maintain compliance with applicable laws, regulations, policies, procedures, and internal controls, with ongoing focus on risk and fraud mitigation.
• Perform other duties as assigned.

Loan Documentation Quality Specialist

• Prepare, review, and ensure accuracy and compliance for loans across the bank's lines of business
• Perform moderately complex post-approval documentation reviews for adherence to loan approval, policies, and procedures
• Monitor construction advances, collateral perfection, and insurance requirements
• Review business banking, SBA, and other bank-documented loans for accuracy and compliance
• Identify, report, escalate, and resolve exception items and potential risks
• Analyze information and make processing decisions based on established procedures and guidelines
• Prepare reports and furnish information to authorized internal and external persons
• Provide guidance to employees regarding relevant policies and procedures
• Support internal and external customers
• Cross-train on other team duties and provide coverage as required
• Maintain compliance with applicable laws, regulations, policies, procedures, and internal controls
• Focus on risk and fraud mitigation
• Uphold service level standards
• Assist with employee training and onboarding
• Perform other duties as assigned

Loan Specialist jobs in New York

Loan Documentation Quality Specialist

Loan Documentation Specialist