Commercial Loan Document Specialist - Detroit, MI
Hybrid · Detroit, Michigan, United States
Job Summary
The Commercial Loan Document Specialist is responsible for generating and coordinating legal documentation for all commercial loans (real estate, SBA, asset-based, vehicle, and equipment) and ensuring pre- and post-closing review to properly perfect and maintain collateral. Responsibilities include boarding loans onto the Credit Union’s systems, verifying interest rate, loan type, maturity date, and payment amount; maintaining collateral and financial tracking and resolving collateral exceptions; contacting customers regarding past-due payments and financial statement exceptions; handling real estate payment tracking, special asset loan tracking, billing issues, and other department projects; ensuring compliance tracking (HMDA, Adverse Action, FDPA, NCUA/ policy reporting) is updated as loans are closed or modified. Required qualifications emphasize three to five years of related experience, excellent written/verbal communication, strong accounting/credit principles and lending knowledge, loan documentation and regulatory familiarity, strong analytical skills, and advanced PC/spreadsheet skills. The role is described as full-time, with hybrid work arrangements noted. The posting highlights opportunities for professional development and member-focused mission and culture.
Required Qualifications
- Three to five years of similar or related experience
- Excellent written and verbal communication skills
- Extensive knowledge and understanding of accounting and credit principles, lending functions and loan analysis and ability to demonstrate resourcefulness in application of general credit policies
- Extensive knowledge of loan documentation, loan policy, regulations and loan grading process
- Excellent analytical skills regarding loan/credit review
- Advanced PC and spreadsheet software skills
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