Req ID: 52127
Areas of Interest: Bank Operations; Consumer Lending; Legal; Lending; Loan Operations
BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies. .
The Documentation Risk Specialist I is primarily responsible for analyzing commitments for new, renewed and amended credit transactions for standard loan types in order to determine the documentation required to establish a legally binding contract with the borrower, secure a perfected lien against all intended collateral, and comply with internal bank policies as well as, state and federal banking regulations or review documentation for closed and funded loans to ensure the required documentation has been obtained and track exceptions found. Also advises lending staff on documentation issues and ensures proper approval of commitments.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
Analyzes commitment/loan worksheets for proposed loan transactions (new, renewal, amendments); determines all necessary documentation required for each transaction and establishes a comprehensive closing checklist which details all documentation requirements; advises commercial lenders on various documentation, legal, or policy issues that may affect a proposed structure or collateral package; strives to seek solution to avoid potential documentation weaknesses and to solve collateral exception problems.
Prepares or audits proper notes, security agreements, loan agreements, mortgages, disclosures, resolutions, etc. as required for execution at loan closing. Preparation or audit may include drafting or require the re-drafting of loan agreements or customizing standard documents to fit the transaction involved, preparing list of other required documentation necessary for loan closing that will be provided by the borrower, attorney, loan officer, or other outside sources i.e. appraisals, title work, releases, insurance, etc. Ensures proper approval of loans and adherence to policies; ensures loans are closed in exact accordance with the approved commitment; enters all follow-ups and exceptions into the tracking system with appropriate tickler dates.
Determines appropriate actions to be taken to ensure proper perfection of all collateral items: including forwarding transfers of liens, mortgages, and UCC’s to the appropriate recording agencies to be filed of record; ensures holds are placed on CD’s, possessory collateral is properly dispensed, and obtains acknowledgements and assignments.
May review and analyze incoming documents to clear exceptions, determines if document cures exception situation, and updates the exception tracking system accordingly.
Reviews all incoming financial statements for completeness and for accompanying memorandums of review. Determines and enters appropriate follow-up requirements into tracking system.
KNOWLEDGE, SKILLS and ABILITIES:
Basic knowledge and understanding of typical Credit Agreement Covenants
Basic knowledge of loan documentation requirements for multiple states
Working legal knowledge of documentation requirements for loans to individuals and legal entities
Working knowledge of the Uniform Commercial Code, Regulation B, C, Z, RESPA, Fair Credit Reporting Act, and other federal and state regulations on lending and consumer compliance
Working knowledge of typical commercial and consumer lending policies
Working knowledge of computer programs used to generate loan documents
Excellent interpersonal, oral and written communication skill
Excellent PC skills including word processing and spreadsheet applications
This level of knowledge is normally acquired through a Bachelor’s Degree in Business and 1 year of experience in loan processing or 7 years equivalent experience.
BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!
Apply today and take the first step towards your next career opportunity!
BOK Financial is an equal opportunity employer. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.
Attention All Third Party Agencies, Headhunters, and Recruiters
BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial.
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