Loan Origination Specialist IV Details

Loan Origination Specialist IV

JPMorgan Chase Bank, N.A. - Chicago, IL

Employment Type : Full-Time

Primary Responsibilities :

Reporting to a Loan Origination Manager, the Loan Origination Specialist provides support for a team of credit underwriters for an assigned portfolio of credit relationships. Responsibilities include, but are not limited to, the following:

Pre-Closing Activities

• Manage and maintain an individual pipeline of active loan transactions and back up co-workers as needed
• Review draft and executed loan documents prepared by Outside Counsel (e.g. loan agreement, notes, guaranties and security documents) for consistency with approved terms and to extract/relay pertinent details for entry into credit exposure system
• Review executed legal documents and validate Bank signatures
• Coordinate handoff with Proposal Specialist to ensure legal documents, credit proposal and approval package align
• Download documents from deal sites (e.g. Intralinks, SyndTrak) when applicable.
• Collect various due diligence items and submit to Closer for booking and funding
• Coordinate with various WLS teams, Credit, and outside counsel to ensure all closing requirements are obtained/met

• Follow up with attorneys to collect legal documentation packages to clear associated exceptions
• Monitor weekly past due legal document reports
• Coordinate with WLS to correct any errors made in on-boarding credit facilities to the loan system
• Coordinate with WLS for the release, substitution or addition of collateral
• Work on special projects as needed

• Undergraduate Degree or equivalent experience
• Minimum of 2 years professional experience in loan/product operations or a credit/lending environment
• Strong understanding of credit loan products (revolving lines of credit and term loans) and ability to understand moderate to complex loan structures
• Ability to understand and navigate through loan documents
• General experience with related credit systems such as iCRD, Aurora and DealWorks.
• Ability to build and maintain excellent partnerships and relationships throughout CB, including Credit Underwriters, WLS, and Middle Office Support teams, etc.
• Demonstrated independent thinking, good interpersonal and problem solving skills.
• Detail oriented with ability to multi-task, manage priorities effectively
• Ability to take initiative and self-motivate, as well as work as part of a team
• Positive attitude and flexible individual with excellent verbal, written and organizational skills
• Ability to adapt to ongoing changes
• Strong PC skills on Windows based applications.

The final job title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. These requirements may include sharing information in the firm's vaccine record tool, vaccination or regular testing, mask wearing, social distancing and daily health checks. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests.

Equal Opportunity Employer/Disability/Veterans