Download App | FOLLOW US ON SOCIAL MEDIA
 Upload Your Resume   Employers / Post Jobs 

Legal Staff in Vienna, VA

Navy Federal Credit Union Oct 03,2014 Location USA Vienna VA
This job is expired...

In-House

Legal Staff

Finance - Banking

Litigation - Whistleblower - CFTC

Profile

Business Loan Documentation Specialist Duties: To prepare business loan documents and coordinate loan closing & funding of business loans. To utilize loan data to apply to the appropriate servicing platform for member business loans. Prepares and reviews commercial loan documents for accuracy and completeness, via Rembrandt software, as appropriate to support the structure and complexity of a specific loan transaction. Notes the appropriate interest accrual and payment structure in Promissory Notes to mirror the requirements of loan product(s) and multiple servicing platforms, and, security interest(s) appropriate to properly perfect NFCU lien on a variety of different asset types, often conducted in multiple jurisdictions. Obtains, collects, and reviews pre-closing due diligence documents based on the structure and complexity of a specific loan transaction, including but not limited to: organization documents appropriate to member entity structure; lien searches; ancillary items (i.e. appraisal, environmental, & inspection reports; flood certificates; and various insurance coverages). Coordinates and manages the loan closing / funding process with the appropriate parties for a specific loan transaction (i.e. title company, attorney, member, & BAO/BAS). Files the appropriate security interest documents, as necessary, to mitigate credit risk to NFCU. Prepares, confirms, routes, CDV, wire transfers, checks, virtual vouchers, and makes general ledger entries, as required, to board loan data to the appropriate servicing platform for booking (i.e. MSP, ALS, TSYS). Performs and documents a post-closing document review for each loan funding to ensure proper receipt and execution of loan documents specific to the loan transaction. Documents and tracks collateral for each loan to confirm perfection of lien in favor of NFCU; reviews and tracks insurance coverage(s) necessary to the specific transaction structure.

Qualification and Experience

QUALIFICATIONS: Education above the high school level in Business Administration, Finance, or related field. Paralegal training. Office administrative experience, preferably in a financial institution. Knowledge of Navy Federal’s servicing platform systems. Moderate to intermediate computer skills. Effective interpersonal, organizational, oral and written communication skills, with strong attention to detail. Ability to exercise initiative, work independently, meet deadlines and maintain poise under sometimes challenging circumstances. Ability to multi-task work flow and effectively interpret/apply regulations, instructions and procedures. Ability and desire to learn and utilize specialized documentation software (i.e. Rembrandt). Ability and desire to learn basic commercial loan documentation skills via a variety of methods (i.e. on-the-job training; self study; web based; seminars, etc.). Ability and desire to learn Navy Federal’s servicing platform systems.

Additional info

Job ID: 23897

Company info