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Loan Documentation Specialist at Mphasis

Loan Documentation Specialist

Mphasis Carrollton, TX Full-Time
$38,610.00 - $60,000.00 / year
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Position Overview:

The Securities Based Lending (SBL) team is a center of excellence designed to handle a high volume of lower risk credit transactions including Advised Lines, Asset Account Lines of Credit (AALOCs), Term Loans, and Letters of Credit all fully secured by high quality marketable securities with standard loan documentation. SBL promises two day turnaround on credit approval and sending out loan documentation. The Lender is responsible for managing a specific credit portfolio. The role includes analyzing, negotiating, pricing and documenting lines of credit and standby letters of credit. Also includes the review of other transactions that have an element of credit risk, including the annual review of existing products.

Essential Job Functions:

The analyst will be part of a team with the following responsibilities:

·         Review and understand credit requests.

·         Ensure client reference data is correct in corporate Credit Risk Infrastructure (CRI).

·         Ensure all systems are    accurate and updated in order to support the request lifecycle.

·         Review and understand agreement terms post analysis and credit approval.

·         Prepare the legal documentation closing package and complete the process.

·         Thorough understanding of UCC searches, equipment evaluations, and stock verifications; regulatory requirements, valuation methods, and lien perfections; legal documentation and credit policies and guidelines will be required to effectively deliver an accurate closing package.

·         Manage initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed.

·         Overtime may be required as determined by business.

·         The analyst will work very closely with other internal Credit Middle Office teams, Underwriters/Credit, Compliance, Legal, and Capital Advisory to manage legal documentation and closing activities for credit requests.

 

Requirements:

·         Solid understanding of legal documentation, and/or closing activities within the credit lifecycle

·         Strong relationship management and interpersonal skill, especially with Business partners.

·         Strong communication skills to various levels within the organization.

·         Ability to review processes and recommend process improvements.

·         Strong understanding of controls and their importance across process lifecycle

·         Strong creative problem solving

·         Strong influencing and change management

·         Strong teamwork

·         Strong individual initiative

·         Office skills, especially Excel and PowerPoint

·         Knowledge of bank systems and loan/credit operations a plus

·         Strong data analysis skills

Equal Employment Opportunity

 

Mphasis is an equal opportunity/affirmative action employer committed to a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability or genetic information, gender identity or national origin.

Recommended skills

Credit Reports
Loans
Mortgage Loans
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