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Loan Documentation Specialist

Company: Eagle Bancorp, Inc.
Location: Rockville
Posted on: June 17, 2022

Job Description:

EAGLEBANK OVERVIEW:

Eagle Bancorp, Inc. headquartered in Bethesda, MD, was incorporated in 1997 to serve as the bank holding company for EagleBank. Eagle Bancorp is a publicly traded company under the symbol EGBN. The Bank was founded to specifically address the business and personal needs of local business owners. It has been answering and exceeding those needs for over 20 years, providing custom financial solutions, local access to senior management, quick response, local decision-making, and a deeply-rooted dedication to the local community.

Our Mission is to be the most respected and profitable community bank by putting relationships first to the delight of our customers, employees, and shareholders, and relentlessly deliver the most compelling service and value. Eagle Bank's Values are: Relationships F -I -R -S -T: Flexible, Involved, Responsive, Strong, and Trusted.

GENERAL SUMMARY:

Under close supervision, responsible for the preparation of less complex commercial loan documentation, ensuring loans are documented as approved and in compliance with all applicable Bank policies and Federal and State banking laws and regulations.

MAJOR DUTIES AND RESPONSIBILITIES:

* Under guidance, reviews loan requests to ensure proper approval.
* Reviews organizational documents to verify borrower/guarantor's existence and authority on existing modifications or extensions.
* Reviews searches and other supporting documentation to confirm collateral ownership and lien position.
* Verifies customer information against tax returns, the Bank's core system and records management system.
* Reviews approval to determine the products to use in documentation software system and the terms to be used for the transaction.
* Processes less complex loan documents using the documentation software system.Completes all documentation timely and with minimal errors. Submits all completed work to the supervisor or approved designate allowing enough time for a full review. Responsible for ensuring loans are in compliance with the Bank's policies and procedures and all applicable banking rules and regulations.
* Coordinates with PA/Lender to resolve any issue and/or discrepancies.
* Assist with special projects as needed.
* Attend seminars and meetings as appropriate.
* Complies with all applicable Bank policies and procedures.

Required Education/Experience:

* High School Diploma or equivalent
* 2 years of previous experience in document preparation, loan administration, loan servicing, or other documentation experience OR a minimum of 3 years of banking platform experience may be considered

Preferred Education/Experience:

* 2 year college degree
* 2 years commercial loan documentation experience using a documentation software system

Required Certifications, Licenses or systems needed :

* Experience using a banking core system

Preferred Certifications, Licenses or systems:

* Experience with using a loan documentation system. LaserPro experience strongly preferred.

Required Knowledge & Skills:

* Proficient in MS Office.
* Working knowledge of records management systems

Preferred Knowledge & Skills:

* Knowledge of the various laws and regulations governing the banking industry particularly in the commercial lending area.
* Knowledge of documentation software preferred. LaserPro is a plus.
* Working knowledge of a bank core processing system preferred. IBS is a plus.

Keywords: Eagle Bancorp, Inc., Rockville , Loan Documentation Specialist, Other , Rockville, Maryland

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