Credit Administration Loan Specialist III

Vast Bank is looking to hire a Credit Administration Loan Specialist III
.

About Vast Bank

Since February of 1982, we've been a locally‑owned and independent financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles.

For over 35 years, we've built a legacy on personal service, flexibility, strength, and integrity. With bold leadership and a renewed commitment to customer‑centricity, we're aiming higher for the next 35 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience.

We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:

• Professional development – opportunities for advancement!
• Tuition assistance
• Paid time off
• More!

The Loan Specialist III is responsible for producing loan documents and reviewing closed loan documents. Individuals in this role are responsible for preparing commercial, consumer, and consumer real estate loan documents to support the legality of the loan transactions. They also ensure the required documentation has been obtained and properly executed for closed loans. In addition, the Loan Specialist ensures that all collateral is properly perfected and that the loan was prepared in accordance with the terms and conditions that were approved.

Commercial loan types include real estate secured loans, land trust mortgage loans, asset‑based lines of credit, secured term loans, letters of credit and complex credits involving tenants‑in‑common loans, attorney‑prepared loans and syndicated and participated credits.

• Produces all documents for loans (using Laser Pro), ensuring adherence to all approved terms and conditions and proper perfection of all collateral within requested turnaround time.
• Reads and interprets approved credit memos to determine type and structure of the loan in order to correctly identify and produce loan documents that accurately represent the loan commitment and terms offered to the borrower.
• Prepares early disclosures, renewal/modification documents and payment extension documents, in addition to new loan documents.
• Reviews and validates all documentation related to the loan for accuracy, completeness and compliance with lending laws and regulations.
• Reviews all documents for adherence to all approved terms and conditions and all monitoring requirements and loan covenants.
• Interacts and works with the lending staff to address and identify any discrepancies and/or deficiencies in the closing documents and addresses concerns/questions to develop solutions.
• Reviews and validates documentation collected by lending staff (i.e., lien/UCC searches, title searches, titles, certificates of ownership, flood determinations, etc.) to check for accuracy, completeness and compliance with loan approval. Plans, organizes and prioritizes work to meet deadlines and to present completed documents with minimal errors or deficiencies.
• Creates appropriate exceptions for omitted documents and those with errors.
• Determines if policy exceptions and/or regulatory exceptions exist and creates the appropriate exception.
• Creates recurring monitoring schedules for applicable documents and ticklers and/or recurring exceptions for loan covenants or special loan terms.
• Provides direction, instruction, and guidance to junior credit specialists in the department.
• Records security documents to ensure proper perfection of collateral.
• Creates processing checklists to release collateral and review paid‑off loans for commercial transactions, commercial real estate transactions, and consumer and consumer real estate transactions.
• Process UCC continuations and terminations.
• Performs a variety of imaging duties such as verifying the quality of scanned documents, correcting, indexing, cross‑referencing and deleting documents.
• Reviews and…