SBA Loan Administrator

EverBank • Irvine, OH

2h

About The Position

The SBA Loan Administrator performs loan administration work, including collecting and reviewing documents and processing third-party reports to ensure adherence to SBA loan program requirements and credit policy. The role coordinates internal workflows, resolves discrepancies to meet closing deadlines, escalates issues to management, and maintains the accuracy of the company’s SBA loan management system.

The administrator reviews SBA loan files and documentation for completeness, accuracy, eligibility, and compliance; prepares SBA submission packages; requests approvals through E-Tran or other methods; and coordinates documentation, title work, closing, funding, and boarding with internal teams and outside parties. The role also serves as an SBA subject matter expert, monitors regulatory changes, and recommends corrective actions to reduce the risk of guaranty loss or penalties.

Requirements

• At least 5 years of SBA loan administration and/or loan processing experience.
• Demonstrated experience processing and closing SBA 7(a) and 504 loans.
• Working knowledge of LaserPro Loan Documentation Software, specifically its Commercial and SBA modules.
• Experience preparing, reviewing, and interpreting attorney-prepared loan documents.
• Strong knowledge of business entity structures and related documents.
• Experience auditing, closing, and funding SBA loans.
• Strong knowledge of collateral perfection requirements across various collateral types.
• Ability to provide a high level of customer service and take a proactive approach to problem-solving and issue resolution.
• Role-specific work experience: 3+ years required.

Nice To Haves

• University degree preferred.
• Role-specific work experience: 5+ years preferred.

Responsibilities

• Review loan application files to verify completeness, accuracy, and compliance with loan policy and SBA guidelines.
• Maintain current knowledge of SBA eligibility requirements, Standard Operating Procedures, and pending or proposed regulatory changes.
• Manage processes for flood certifications, business and personal credit reports, 4506 Tax Transcripts, and OFAC checks.
• Prepare documents and correspondence for reports in accordance with approved policies and procedures.
• Prepare SBA submission packages and ensure all required submission items have been obtained and are current.
• Request SBA loan approval through E-Tran or other means and clear compliance codes as needed.
• Coordinate with Commercial Loan Documentation to obtain accurate loan documents reflecting the correct borrower, collateral, and SBA language.
• Work with escrow and title companies to meet closing timelines; order, track, and review title work to ensure the Bank’s lien position.
• Collaborate with the servicing group on funding and boarding SBA loans to the core system.
• Assist with loan closings by preparing closing documents and related materials as needed.
• Review loan files and documentation for errors and compliance risks, and recommend corrective actions to mitigate potential SBA guaranty loss or penalties.
• Support risk mitigation by ensuring adherence to SBA guidelines and internal policies.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed