SBA Loan Assistant

Mountain America Credit Union•Sandy, UT

1d•Onsite

About The Position

This position assists the senior SBA loan officers with all activities associated with SBA lending, including working directly with borrowers and/or brokers to deliver a seamless and prompt SBA loan experience. This position will be from the “contact to contract” phase of the loan cycle. This support will allow our SBA loan officers to focus on originating more loans into the pipeline. Reports to the Director of Sales.

Requirements

Requires minimum 2 years’ professional experience in a progressive financial setting.
High school diploma or equivalent required
Education will be verified.
Ability to sit, talk and hear consistently
Ability to stand, walk, and use hands to handle or reach occasionally
Close vision (clear vision at 20 inches or less)
Distance vision (clear vision at 20 feet or more)
Ability to lift up to 10 pounds occasionally
Ability to work both autonomously and collaboratively in a fast-paced environment.
Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines
Adaptive to change, responds positively to altered circumstances or conditions
Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc.
Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.
Excellent inter-personal skills including the ability to lead and collaborate with ad-hoc teams
Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.)
Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations
Demonstrated ability to document outcomes and present information in a manner appropriate for key stakeholders and all levels of the organization.

Nice To Haves

Experience in SBA and commercial loan processing setting preferred.
Associate's degree from an accredited institution in business, marketing, finance, economics or related field preferred.
OR additional 1 year of relevant experience in a progressive financial setting.
Advanced skills with Microsoft Office Suite including Outlook, Word and Excel
Demonstrated experience with loan origination system preferred

Responsibilities

Assists SBA loan officers in processing SBA loan applications.
Becomes an expert in SBA eligibility, loan structure, occupancy, use of loan proceeds, regulatory requirements and the SBA SOP.
Communicates regularly with underwriters and loan closers to ensure timing deadlines are met, questions are addressed and that the process for all involved is positive.
Prepares loan requests for formal underwriting by gathering financial information and supporting documentation.
Processes and reviews documents received for each file, verifying the accuracy and completeness of each document.
May input loan application data into loan origination system
Performs pre-flight analysis to determine eligibility and basic underwriting to determine credit-worthiness.
Actively reaches out to inform the borrower regarding loan statuses loans and documents all communication.
Communicates with members regarding the lending product and general loan-related questions ensuring a positive member experience.
Handles all member and in-house inquiries about transactions to ensure members receive superior service.
Reviews loans in the pipeline and works with the processing team to ensure that settlement dates are met.
May assist in ordering credit reports, business entity searches, title insurance, appraisals, evaluations, environmental reports and other third party reports.
Gathers information for HMDA reporting.
Prepares loan renewal, extension and modification requests.
Assists members with online account opening, as needed.
Assists in other tasks and projects as assigned.