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Posted: Thursday, October 5, 2017 6:25 PM

Job Description:/h3:
The Sr. Loan Documentation Specialist will provide direct support to the Loan Operations Officer for the following functions:

* Commercial Lending, including Islamic Finance (we will provide training)
* Construction Lending
* Consumer Lending, including Home Equity Line of Credit Loans

Provides indirect support to the following functions as needed or required:
* Credit
* Loan Servicing

Loan Documentation is the due:diligence, documentation, and follow:up process for the Commercial and Consumer Lending functions. Primary responsibilities include the timely gathering of pre:documentation due:diligence information, the timely and accurate preparation of loan documents for closing, the perfection of collateral liens and exception item tracking, all according to bank policy guidelines and procedures.

In addition, upon approval, gathers the necessary data for new or renewal loan document preparation:
* BSA / CIP compliance information
* Appraisals and or EPA reports
* Title Commitments / Tract Searches
* Flood Determinations
* UCC, Tax Lien, and Judgment Searches
* Any other data required

Prepares loan documentation using the data provided by the approval and due:diligence processes. With the loan account officer, clears any pre:closing exception items and coordinates the loan closing. Works with outside counsel on deals that documentation is attorney prepared.

* Prepares the closing package for booking
* Creates / updates a credit file and collateral file for the loan transaction
* Perfects collateral liens
* Tracks and resolves exceptions using a Tickler system
* Updates all necessary tracking logs for the department
* Post:closing review of all loans booked for accuracy
* Monitors Construction or Rehab Loans

Processes collateral releases for paid:off loans:
* Sends canceled documents to borrower
* Releases any collateral liens
* Logs file and packs for storage

Provides routine and non:routine assistance to external and internal customers:
(This list is representative, but not all:inclusive)
* Customer Inquiries
* Wire Transfer requests
* Transfers between accounts
* Assist with New Account Openings
* Account balance inquiries and payment histories
* Prepare/Review payoff statements

Assistance to the Head of the Lending Division
* Assemble and send files to 3rd party vendor for Mortgage Quality Control Review
* Research projects as needed


* As At least 3 years prior commercial banking experience in loan documentation functions with increasing responsibility
* General knowledge of loan accounting and processing systems; extensive loan documentation experience with LaserPro required
* Excellent verbal and written communication skills
* Ability to positively interact with a wide variety of personalities
* Ability to handle an evolving, fast paced environment and multiple tasks
* Must be computer literate with demonstrated proficiency in Microsoft Office Suite, especially Word and Excel
* The position requires the use of several web:based applications; therefore, familiarity with web:based applications is essential.

Company Description:/h3:
Devon Bank is an independent community bank serving the Chicagoland area and beyond since 1945. We are known for going the extra mile for our customers by offering personalized service and customized solutions. We are a full:service bank including home financing, trust and investments as well as a full range of business financing products. We take pride in supporting the non:profit sector of our communities, whether it is donating funds, staff time, or our facilities, we are proud to help by furthering the work of schools, service groups, scouts, civic groups, religious institutions and other organizations working to improve our communities.


• Location: Chicago

• Post ID: 78361187 chicago is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2017