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Randstad Commercial Loan Specialist in Troy, Michigan

Commercial Loan Specialist

job details:

  • location:Troy, MI

  • salary:$25 per hour

  • date posted:Wednesday, January 13, 2021

  • experience:Experienced

  • job type:Temp to Perm

  • reference:S_876809

  • questions:kareem.jaradi@randstadusa.com248-312-2308

job description

Commercial Loan Specialist

Must have at least one year of commercial loan experience to be considered*

The Post-Closing Quality Control Specialist for Commercial Loan Operations performs post-closing quality control review of all new, renewal, modified and extended commercial loan documentation and due diligence, including but not limited to CRE, C&I, Builder Finance, Regional Business Banking, and SBA loans. The review will ensure compliance and adherence to Flagstar Bank's policies and Federal and State Regulations. Knowledge of homebuilder construction, land development, lease, SBA, C&I and commercial real estate processes and structure is required. This position ensures the loan has closed in compliance with credit policy & credit approvals. This position requires knowledge and experience associated with regulatory compliance requirements, reviewing legal language, and structure of many different types of loan documentation, Title Insurance (Endorsements, B-1 Requirements, & B-2 Exceptions), UCC searches, Leases, Construction related due diligence, Entity Structure, Flood regulations and Property and Liability Insurance documents. This is a production-based role with a strong quality component and knowledge of loan documentation required to guarantee success. It requires excellent organizational and communication skills to ensure closing review deadlines are met.

Responsibilities:

Audit finalized commercial/construction real estate, equipment leasing, SBA, C&I loan documents required for all new, renewal, modification and extension loan requests and identify missing/incorrect Commercial Loan Documents and due diligence. Ensure regulatory and Flagstar compliance, ensure documents are consistent with the credit approvals and credit policy and ensures collateral liens are perfected. This primary responsibility requires in-depth knowledge of Commercial Loan/Credit Agreements, Notes, Deeds of Trust, Mortgages, Entity Documents, Assignment, Security Agreements, Syndication Agreements, UCC Article 9 and Title Insurance language.

Log all tracking items for recorded documents and missing documents. Set up all ticklers for UCC tracking, insurance, flood insurance in the Banks systems. Issue and clear loan exceptions. Manage the Letter of the Credit tracking system.

Responsible for the quality control of indexing, scanning, storage of document images within the Banks imaging system

Assist in resolving loan issues by dealing with both internal and external parties.

Working hours: 8:30 AM - 5:00 PM

Skills:

1-3 years of commercial closing, funding or similar homebuilder finance, commercial real estate, C&I, SBA banking background

Knowledge and understanding of loan documentation and structure

Knowledge and understanding of legal language included in Commercial Loan/Credit Agreements, Notes, Guaranty Agreements, Deeds of Trust / Mortgages, Assignments, Subordination Agreements, Syndication Agreements, and Entity documents including entity structure

Detailed knowledge of Title Insurance, including Endorsements, Schedule B-1 Requirements, and Schedule B-2 Exceptions

Detailed knowledge of UCC Article 9

Knowledge of current bank regulatory compliance

Experience with closing loans in multiple states a plus

Excellent written and verbal communication skills

Ability to evaluate documentation and make decisions

Ability to multi-task while still maintaining careful attention to detail

Ability to operate both independently and as part of a team

Ability to organize and prioritize work

AFS Knowledge preferred

Strong general computer skills

SBA knowledge preferred

Education:

High School

Experience:

Experienced

Qualifications:

Must have 1 year commercial loan experience

HS diploma, GED or equivalent required

Apply online or reach out directly!

Randstad is a world leader in matching great people with great companies. Our experienced agents will listen carefully to your employment needs and then work diligently to match your skills and qualifications to the right job and company. Whether you're looking for temporary, temporary-to-permanent or permanent opportunities, no one works harder for you than Randstad. EEO Employer: Race, Religion, Color, National Origin, Citizenship, Sex, Sexual Orientation, Gender Identity, Age, Disability, Ancestry, Veteran Status, Genetic Information, Service in the Uniformed Services or any other classification protected by law.

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