What are the responsibilities and job description for the Loan Documentation Specialist position at IT Accel, Inc.?
12-Month Contract (Banking)
We are seeking a detail-oriented Loan Documentation Specialist to support a high-volume lending pipeline within a banking environment. This role is responsible for end-to-end loan documentation, closing coordination, and post-closing activities, ensuring accuracy, compliance, and timely execution.
Responsibilities:
We are seeking a detail-oriented Loan Documentation Specialist to support a high-volume lending pipeline within a banking environment. This role is responsible for end-to-end loan documentation, closing coordination, and post-closing activities, ensuring accuracy, compliance, and timely execution.
Responsibilities:
- Manage active loan pipeline, performing due diligence and processing approved loan requests
- Coordinate all aspects of loan closings, including funds flow, booking, and documentation execution
- Prepare and review loan documentation for new and renewed deals, ensuring compliance with internal standards
- Partner with Relationship Managers, legal counsel, operations, and co-lenders to ensure smooth closings
- Order and track tax, flood, and collateral documentation; monitor insurance and tax requirements
- Conduct UCC searches and filings; manage lien perfection and collateral records
- Upload and maintain documentation in centralized systems with proper indexing
- Reconcile accounts (e.g., deposits, suspense accounts) and manage exception tracking
- Analyze loan terms including fees, covenants, and prepayment conditions
- Coordinate with internal teams to resolve documentation gaps and improve processes
- Support loan operations team as needed and assist with process improvements
- Coordinate with external parties (title, escrow, counsel) for deal execution
- Assist with documentation collection for real estate transactions
- 1-3 years of experience in loan documentation, loan processing, or lending operations
- Strong knowledge of commercial and/or real estate loan documentation
- Proficiency in Microsoft Office, especially Excel
- Strong attention to detail, organization, and ability to manage deadlines in a fast-paced environment
- Excellent communication and stakeholder management skills
- Strong analytical and problem-solving abilities