Service Representative Documentation Specialist
Resume:
Michael S. Silverstein
Buffalo Grove, IL 847-***-**** *******@*****.***
Professional Experience
Lake Forest Bank & Trust Company, N.A. a Wintrust Community Bank April 2021 – Present Specialty Loan Closer Franchise Finance (Promotion from Senior Loan Documentation Administrator)
Collect, review and coordinate due diligence with attorneys, and syndication partners.
Prepare the disbursement statement the closing of each loan.
Assemble loan documents for the closing and funding process.
Prepare a post close review to determine any items necessary to complete the closing of the loans.
Review department exception report and collect missing post-close documents and clear exceptions.
Review all invoices associated with loans and process them. Wintrust Financial Corporation May 2017-Arpil 2021 Senior Loan Documentation Administrator
Prepare documentation for new and renewal loans for Commercial and Industrial, Commercial Real Estate, Wealth Management, Managed Assets Department, Retail, and Community Lending portfolios.
Review loan approvals for all loan portfolios to determine that required approval authority was received.
Process system changes including non-accruals, charge-off and Other Real Estate Owned
(“OREO”) transactions.
Ensure proper booking of new and renewal loans, amendments and letters of credit.
Process loan fees/costs in accordance to Financial Accounting Standards and Financial Management policy.
Maintain and process escrow payments for real estate taxes and insurance.
Create and process payoff letters for all portfolios. CTC myCFO, a Wholly-Owned Subsidiary of BMO Harris Bank, N.A. December 2015- May 2017 Private Banking Associate, Credit (Promotion from Business Banking Loan Administrator)
Acted as a quarterback for designated Private Bankers by communicating requirements to the client and handling the administration work to move the deal through the commercial lending process.
Engaged in client conversations in partnership with the Private Bankers to support excellent client experience.
Coordinated and collected required client financial and non-financial information for annual reviews, renewals, and new credit opportunities.
Partnered with the Underwriters on the credit deal team and ensured that the correct and current information was received for needed analysis to move the credit deal through the process.
Reviewed the packages prepared by the underwriters to address any issues or missing information in partnership with the Private Banker.
Coordinated documentation with either internal support area or outside counsel, reviewed documents for accuracy and completeness.
Advised Private Banker on any risk situations (i.e. overdrafts, past due payments, collateral/financial exceptions, incomplete account documentation, etc.).
Managed risk and minimized losses through monitoring and control reports, ensuring that compliance requirements, audits and verifications are completed in accordance with Bank Policies and Procedures and all legal, regulatory and ethical requirements. BMO Harris Bank, N.A. February 2013-December 2015
Business Banking Loan Administration, Team Lead
Supervised a team of 8 Business Loan Administrators.
Trained team members on Bank policy and systems.
Prepared documents for complex lending opportunities.
Reviewed Outside Attorney prepared documents for accuracy and compliance with loan approval.
Ordered/obtained title insurance commitments, Phase 1 EPA reports, appraisals, UCC searches, flood determinations, organizational documents, OFAC checks, and good-standing reports.
Subject-matter expert in Illinois Land Trust, Living Trusts, and entity structures. First Bank of Highland Park, Northbrook, IL February 2009-August 2012 Commercial Operations Officer/Lending Systems Administrator
Establish new security protocol for access for mainframe.
Work with outside IT help desk to resolve issues.
Created accounts for new employees and delete terminated employees.
Member of IT steering committee, reviewed technology requirements of the Bank and selected new implementations.
Member of Disaster Recovery and Business Continuity Committee, maintain the continuity plan and test for the Loan Operations Department.
Laser Pro© Lending Suite software administrator.
Managed collateral for a specialized tax lending loans portfolio of $67MM. Harris Bank, N.A., Glencoe, IL August 2002-December 2008 Business Banker, Commercial Customer Service Representative, & Loan Documentation Specialist
Education, Training, & Certifications
Northeastern Illinois University, Chicago, IL
Accounting and Business Law classes to qualify to sit for the CPA exam Wayne State University, Detroit, MI
Bachelor of Arts, Political Science
Notary Public
Software Skills
Microsoft Office 365.
Laser Pro© Lending Suite.
FiServ, Loan IQ, ACBS & IBS.
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