The Senior Loan Documentation Specialist is responsible for preparing loan documentation for highly complex loans in accordance with the loan approval. Ensure that the documents requested comply with Company policy and that the document request package and/or executed document package are complete to minimize the risk of loss to the Company. Ensure the timely disposition and control of legal documentation, collateral and documentation records in a manner that complies with Company policy and minimizes the risk of loss to the company. Maintain the integrity of all information related to the documentation process for privacy, reporting and audit purposes.
Additional responsibilities are to review loan document requests for completeness and accuracy to prevent costly revisions and negative customer impact. Assure that the correct types of documents are prepared for the type of loan approved and that the approval level complies with the credit authority matrix. The borrower/guarantor entity documents match the approved credit risk document to ensure that the legally binding loan documents are addressed to the proper borrower/guarantor. The loan terms and conditions are properly captured in the document to clearly communicate the customer’s obligation to the Company. Review the collateral, as appropriate for the loan type. Third party fees are accurately described to ensure that costs are recouped by the Company.