SBA Eligibility Review Officer I

Huntington National Bank•Chicago, IL

1d•$52,000 - $101,000•Onsite

About The Position

The SBA Eligibility Review Officer I is responsible for reviewing SBA & USDA guaranteed business loans to determine proper structure and ensure loan closes in accordance with SBA & USDA eligibility requirements. This role involves maintaining an individual pipeline of work, with loans typically having customer exposure up to $1 million. The officer must appropriately assess the eligibility of borrower(s), co-borrower(s), and guarantor(s) to ensure the SBA guarantee can be enforced if needed. The position requires interaction with internal SBA Sales and Operations colleagues to facilitate understanding of the SBA and USDA guaranteed loan programs, understand credit requests, obtain necessary eligibility information, and communicate eligibility decisions and reasoning. The role includes reviewing use of proceeds, ordering SBA Numbers, preparing SBA Loan Authorization and other SBA forms, and ensuring the loan meets all SBA/USDA requirements. It also involves reviewing all reports and information received regarding SBA/USDA eligibility requirements to determine if the terms and conditions of the SBA credit approval will be met, including the review of franchise agreements, purchase agreements, bank notes, and business plans. Additionally, the officer will research and resolve servicing questions from the SBA and internal personnel to ensure the guaranty can be maintained. The role may involve advising Financial Recovery Group (FRG) colleagues in properly working out, liquidating, and litigating SBA loans, and may require submitting final wrap-up reports to the SBA upon resolution. The officer may also serve as the main point of contact to commercial loan servicing colleagues to ensure proper accounting and reporting of all SBA loans (1502 Report). Other tasks as needed to support the line of business and job family will also be performed.

Requirements

Bachelor’s Degree and 1 year of direct SBA/USDA lending/due diligence experience or a minimum of 3 years of direct SBA/USDA lending/due diligence experience.
Knowledge of the SBA Standard Operating Procedures (SOP).
Ability to clearly document and communicate eligibility conditions to close in accordance with the SBA Standard Operating Procedures.
Good interpersonal skills and the ability/desire to work in a fast-paced production environment are critical to be successful in this role.
Ability to multi-task.
Knowledge of SBA/USDA loan programs.
Excellent PC skills to include Excel, Word, Outlook, AFS and Velocity.
Applicants must be currently authorized to work in the United States on a full-time basis.

Nice To Haves

Bachelor's degree in Finance, Accounting, Business or Economics
TSoft and SBA Etran experience are preferred.

Responsibilities

Maintains an individual pipeline of work, with loans typically having customer exposure up to $1 million.
Appropriately assess eligibility of borrower(s), co-borrower(s), guarantor(s) assuring that, if needed, the SBA guarantee can be enforced.
Interacts with the internal SBA Sales and Operations colleagues to facilitate understanding of the SBA and USDA guaranteed loan programs as well as to understand the credit request, obtain necessary eligibility information, and communicate eligibility decision and reasoning.
Reviews use of proceeds, orders SBA Number, prepares SBA Loan Authorization and other SBA forms and is responsible for ensuring the loan meets all SBA/USDA requirements.
Reviews all reports and information received with respect to SBA/USDA eligibility requirements to determine if terms and conditions of the SBA credit approval will be met. This includes review of franchise agreements, purchase agreements, bank notes, and business plans.
Researches and resolves servicing questions from the SBA and internal personal to ensure the guaranty can be maintained.
May be asked to advise Financial Recovery Group (FRG)) colleagues in properly working out, liquidating, and litigating SBA loans.
May also be required to submit final wrap up reports to the SBA once resolution has been made.
May serve as main point of contact to commercial loan servicing colleagues to ensure proper accounting and reporting of all SBA loans (1502 Report).
Performs other tasks as needed to support the line of business and job family.