Loan Documentation Specialist I

Why Bank OZK

Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company

We’re nationally recognized as an industry leader in financial services

That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country

We’re investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles

We're fostering even greater careers.

 

The foundation for a great career starts with an exceptional team and a comprehensive benefits package

We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts

Learn more about Bank OZK benefits.

 

Job Purpose & Scope

Responsible for coordinating the loan documentation process

Works under general direction, but in conformance with established policies and procedures, to ensure all regulatory, legal, and loan policy requirements are met in advance of preparing loan documents for approved loan requests.

Essential Job Functions

1. Reviews imaging system for documentation and documentation deficiencies for internal refinance and modification requests.

2. Uses the Bank’s loan platform system to key information necessary to originate loan documents according to approval, collateral, and additional documentation in an efficient manner.

3. Maintains a daily record of transactions in process.

4. Communicates with other members of Loan Operations Documentation and the lending staff regarding status of loan requests, missing information needed from the lender/borrower and clear- to-close information.

5. Manages documentation errors to an acceptable level once notified.

6. Manages corrections in a timely manner once notified. 

7. Maintains good punctuality and attendance to work.

8. Follows Bank policy, procedures, and guidelines.

Knowledge, Skills & Abilities

1. Knowledge of loan terminology and elements/process required to close a loan.

2. Knowledge of general banking principles and federal and/or state regulatory lending laws.

3. Ability to communicate effectively both verbally and in writing.

4. Ability to multi-task and work with exacting deadlines in a fast-paced environment.

5. Ability to maintain attention to detail and complete accurate, detailed work within specific timeframes.

6. Ability to work effectively in a team environment and help others when needed.

7. Ability to follow policies and procedures.

8. Ability to work under general supervision.

9. Ability to work extended hours, as necessary.

10. Skill in using computer and Microsoft Office, including Word, Excel, and Outlook.

Basic Qualifications

1. High school diploma or equivalent required.
2. Minimum of one (1) year of experience with Microsoft Outlook, Word, and Excel software required.
3. Minimum of one (1) year of work experience with financial documents and transactions (i.e., promissory notes, loan agreements, security deeds, mortgages) preferred.
4. Minimum of one (1) year of work experience in a centralized loan documentation department, preferred
5. Prior experience with TILA-RESPA Integrated Disclosure (TRID), corporate authority documents (i.e., Articles of Incorporation, By-Laws, Certificate of Good Standing), preferred.

Job Expectations

Operate customary equipment and technology used in a business environment, with or without accommodation.

 

Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required.  Other job functions, duties, skills, and standards may be added.  Management r