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Commercial Banking - Credit Support Specialist - Wholesale Lending Services - Chicago, IL

Req #: 170087652
Location: Chicago, IL, US
Job Category: Operations
Job Description:
The Credit Support Specialist coordinates activities between the market and other areas of Wholesale Lending Services (WLS).  Activities include loan documentation, loan booking and funding, collateral release amongst other activities.
 
Loan Documents
  • Coordinate all document preparation activities through HotDocs.
  • Work jointly with underwriting associate, 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.
  • When requested, assist in loan closings directly with the client.
  • Download documents from Intralinks when applicable.
  • Ensure completeness of loan package and forward package to WLS.
  • Notary may be required.
  Post Closing Activities
  • Route loan documentation to WLS for booking and funding
  • Apply fees collected in conjunction with closing and identify missing fees for follow-up with client or subsequent escalation to banker/underwriting associate.
  • Follow up directly with Underwriters, Bankers, attorneys and customers to clear documentation exceptions.
  • Coordinate with WLS to correct any errors made in on-boarding credit facilities to the loan systems.
  • Coordinate with WLS for the release, substitution or addition of collateral.

Qualifications

  • College degree preferred or equivalent experience.
  • Minimum of 4 years professional experience in loan/product operations or a credit/lending environment.
  • General knowledge of loan documentation.
  • General knowledge of credit products.
  • General experience with related credit systems such as Exposure Now, eCLIPS, LIQ, DealWorks, GTS Inquiry, et cetera.
  • Ability to understand simple to moderate customer structures.
  • Good verbal, written and organizational skills.
  • Detail oriented with ability to multi task and work in a team based environment.
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