Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
The Commercial Loan Documentation Specialists are responsible for accurately creating commercial loan closing documents. This role must understand the commercial online application system (CML), Laser Pro documentation system, ONB loan policy and Commercial Guidelines and Procedures. The specialists use loan approvals, ONB loan guidelines, organizational documents, and third-party reports to complete a pre-closing review of each transaction to create accurate closing documents while meeting established service level expectations.
Salary Range
The salary range for this position is $18.25/Hr. - $29.75/Hr.. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.
Key Accountabilities
Pre-Closing Review:
- Completes a thorough pre-closing review of entity organizational documents and collateral information, including UCCs, title searches and/or title commitments, appraisals, environmental due diligence, and flood determinations.
- Utilizes Loan Guidelines and commercial procedures to ensure documents are prepared in accordance with approval document.
- Communicates effectively with other members of the Loan Fulfillment team, Relationship Managers, CBS’, Credit Underwriters, in-house legal counsel, and Loan Servicing to resolve any issues or answer questions prior to releasing the closing package.
Preparation of Loan Documents:
- Utilizes special loan software to produce accurate and complete loan documents.
- Prepares template documents outside of loan software (i.e. Rate Modifications & Due Date Changes)
Service:
- Manages workflow to ensure adherence to service level expectations.
- Serves as a resource to complete second reviews or document preparation for pre-closing specialists during high volumes.
- Exhibits flexibility in response to the changing banking environment.
- Assists in training new team members, creating and updating processes and procedures for the department.
- Works effectively in a fast-paced environment.
- Provide options and solutions when issues arise.
- Tracks upcoming letter of credit expiration dates.
Additional position levels:
In addition to the core job requirements outlined above, the Senior & Team Lead roles are also accountable for:
Senior Specialist
- Acts effectively as the first step in the escalation process and exception decisions.
- Assists in second level reviews of critical items, as needed, to ensure accuracy prior to releasing closing documents.