Loan Documentation Specialist II

Overview

We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ - EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.

EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another's experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships.

We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in the Rockville, MD office four days per week.

Responsibilities

Under minimal supervision, the Loan Documentation Specialist II is responsible for the preparation of standard and more complex commercial loan documentation, ensuring loans are documented as approved and in compliance with all applicable Bank policies and Federal and State banking laws and regulations.

MAJOR DUTIES AND RESPONSIBILITIES:

• Works independently to review loan requests to ensure proper approval and determine necessary due diligence required to generate loan documents that are accurate and in compliance with bank procedures and regulatory requirements.

• Reviews organizational documents to verify borrower/guarantor's existence and authority to borrow for existing loans.

• Reviews searches and other supporting documentation to confirm collateral ownership and lien position.

• Independently verifies customer information against tax returns, the Bank's core system and records management system.

• Reviews credit approval to determine the products to use in documentation software system and the terms to be used for the transaction.

• Under minimal supervision, creates more complex commercial loan documents using the documentation software system. Completes all documentation timely and with minimal errors. Submits all completed work to the supervisor or approved designate allowing enough time for a full review. Responsible for ensuring loans are in compliance with the Bank's policies and procedures and all applicable banking rules and regulations.

• Coordinates with PA/Lender to resolve any issue and/or discrepancies.

• Provides training and support to other Documentation Specialist.

• Assist with special projects as needed.

• Attend seminars and meetings as appropriate.

• Complies with all applicable Bank policies and procedures.

• Handles other duties as assigned.

Qualifications

Requirements:

• High School Diploma or equivalent.

• 3 years commercial loan documentation experience at varying levels of complexity using a documentation software system and with a high degree of independence.

• Proficient knowledge of LaserPro loan documentation software or similar loan documentation software.

• Knowledge of using core banking systems.

• Proficient in MS Office.

• Good understanding of commercial loan types and lending terminology.

• Knowledge of the various laws and regulations governing the banking industry particularly in the commercial lending area.

• Working knowledge of records management systems.

PREFERRED:

• 2 year college degree.

• Paralegal certified individual with experience in banking industry.

• 4 years of previous banking experience in loan documentation, loan administration, loan servicing or other related area.

• Laser Pro.

• Laser Pro Administrator and General Setup System knowledge. IBS Core Banking System.

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!