Credit Support Specialist
Credit Support SpecialistThe Credit Support Specialist coordinates activities between the market, the Underwriter, and other areas of Wholesale Lending Serves (WLS). Activities include the handling of executed commercial loan documentation, loan booking and funding, and collateral release amongst other activities.
Commercial Loan Documents
Coordinate all commercial document preparation activities through HotDocs
Work jointly with Underwriter, coordinate document preparation activities involving outside counsel
Review draft and executed loan documents such as loan agreement, notes, guaranties, and security documents for accuracy and agreement with approved terms
Coordinate with WLS, outside counsel and the Real Estate Transaction Services team to obtain third-party vendor work such as flood zone certifications, title work, insurance certificates, and UCC searches
Ensure completeness of loan package and forward to WLS partner
Post Closing Activities
Route loan documentation to WLS partners for booking and funding
Coordinate the application of fees collected in conjunction with closing and identify missing fees for follow-up with the market
Follow up directly with customers, Bankers, Underwriters and attorneys to clear documentation exceptions
Coordinate with WLS partners to correct any errors made in on-boarding credit facilities to the loan systems.
Coordinate with WLS partners for the release, substitution or addition of collateral
Experience:
College degree or equivalent experience
Minimum of 4 years' experience in commercial loan operations or a credit/lending environment
Knowledge of commercial loan documentation. Ability to review commercial loan documents such as loan agreement, notes, guaranties, and security documents for accuracy and agreement with approved terms
Knowledge of commercial credit products
Knowledge of credit and commercial loan systems.
Good verbal, written and organizational skills
Detail oriented with ability to multi task and prioritize and work in a team based environment