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Commercial Banking - Credit Support Specialist - WLS Middle Office - Chicago or Houston

Req #: 180009598
Location: Chicago, IL, US
Job Category: Operations
Potential Referral Amount: 0 US Dollar (USD)
The Credit Support Specialist coordinates activities between the market, the Underwriter, and Wholesale Lending Serves (WLS).  Activities include the collecting of financial information, reaching out to Bankers and customers to obtain information, follow for commercial loan documentation, loan booking and funding, and collateral release.
  • Gather financial information required such as financial statements, accounts receivable, borrowing base certificates from customer or Banker.
  • Utilize various systems such as WebClass, ECLIPS, CKC to identify information needed and provide to the Underwriter.
  • Monitor documentation exceptions, past due payments and missing financial information. Reach out to Banker or customer to resolve.
Commercial Loan Documents
  • Coordinate all commercial document preparation activities through HotDocs.
  • Work with Underwriters to coordinate documentation involving outside counsel.
  • Coordinate with WLS, outside counsel and the Real Estate Transaction Services team to obtain third-party vendor work such as flood zone certifications, title work, insurance certificates, and UCC searches.
  • Send documents to the customer for execution.
  • Scan and send documents to UW for signature
  • Download documents from Intralinks when applicable.
  • Ensure completeness of loan package and forward package to WLS.
 Post Closing Activities
  • Route loan documentation to WLS for booking and funding
  • Coordinate the application of fees collected in conjunction with closing and identify missing fees for follow-up with client or subsequent escalation to Banker/Underwriter.
  • Follow up directly with customers, Bankers, Underwriters and attorneys for past due documentation and information.
  • Coordinate with WLS to correct any errors made in on-boarding credit facilities to the loan systems.
  • Coordinate with WLS for the release, substitution or addition of collateral.
  • College degree or equivalent experience.
  • Minimum of 4 years experience in commercial loan operations or a credit/lending environment.
  • Knowledge of commercial loan documentation. Ability to review commercial loan documents such as loan agreement, notes, guaranties, and security documents for accuracy and agreement with approved terms.
  • Knowledge of commercial credit products.
  • Knowledge of credit and commercial loan systems.
  • Ability to understand moderate customer structures.
  • Good verbal, written and organizational skills.
  • Detail oriented with ability to multi task and prioritize and work in a team based environment.
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