Loan Operations Specialist III

Job Title: Loan Preclosing Support Specialist III

Physical Location:  2778 West Jackson Street, Bldg C, Tupelo MS 38803

Primary Purpose: (Summary of major reason this job exists)

This position will assist lenders and their staff to close loans with a minimum amount of exceptions, booking errors, regulatory issues and any other bank related concerns.

This position will perform preclosing reviews of commercial purpose loans, consisting of all types of collateral and borrowers. 

Principal Duties and Responsibilities: (Majority of duties performed, but not meant to be all inclusive or to prevent other duties from being assigned)

• Review commercial loan applications (requests for credit) prior to closing/taking action for compliance with applicable Federal Regulation
• Maintain knowledge of applicable Federal Regulations and assist in the implementation of corporate compliance with current regulations, changes in regulations, and the addition of new regulations
• Understand practical application of and implementing the requirement of following the Cadence lending policies and procedures.  
• Master Platform 2, loan platform system,  with a skill set that exceeds that of a standard end user
• Understand the basic principles of commercial lending, including entity formations, lien descriptions, documentation requirements, etc. for all types of collateral and specialty loans.
• Clear communication to the lender and assistant  of corrections  or requirements necessary to process a loan through the loan system with a minimum of errors or maintenance to the loan after closing
• Maintain consistency within the department by following loan policy and procedures.
• Other duties as assigned

Job Specifications: (Knowledge, skills, and abilities normally required for competent performance in the job)

• High school diploma or equivalent
• Two - Four years of loan preparation and processing experience
• Knowledge of state and federal lending regulations preferred
• Knowledge of basic commercial lending principles
• Good computer skills Google, ALS, loan platform 
• Close attention to detail and good organizational skills
• Ability to work under tight deadlines