SBA Loan Processor/Closer I-II
About The Position
Performs specific duties related to preparing, assembling and verifying the accuracy of Small Business Administration (SBA) loan documentation; prepares various reports for management. Acts as a liaison between the borrower and the SBA Loan Specialist, providing high quality, knowledgeable service. Essential Functions Prepares SBA files while assisting Relationship Managers on transactions while communicating effectively with analysts to ensure efficient workflows are maintained. Prepares appropriate documentation and tracks receipt of completed documents to ensure files are completed in a timely manner. Completes loan documentation requests that enable the Loan Servicing Center to generate loan closing documents upon receipt of completed package from SBA Loan Specialist and reviews documents to ensure proper vesting, legal descriptions, dates, signatures, etc. Acts as closing agent for loans as needed, including funding loan proceeds according to loan documents. Stays in close contact with borrowers in order to ensure timely receipt of necessary items. Follows up on insurance, UCC renewals, financial statements, tax returns, corporate verification of status, inspections, etc. Manages compliance databases for the quality control process, ensuring loans are following strict SBA guidelines. Sell and cross-sell bank accounts and services as normal aspect of public contact. Assists Loan Specialists as a point of contact for customers and employees to answer questions regarding SBA loans. Assists loan officer in commercial construction projects by maintaining cost breakdown analysis. Gathers tax returns and financial statements to assist in preparation of loan write-ups as requested. Perform compliance and risk management duties as required or assigned. Regular, reliable attendance is required.
Requirements
- Complete general banking knowledge with 5+ years of experience including commercial lending underwriting, loan documentation and servicing requirements.
- Must be detail oriented in comprehending and applying underwriting and regulatory requirements.
- Knowledge of government regulations surrounding SBA lending.
- Ability to become familiar with, and implement, with a high degree of accuracy, the SBA Standard Operating Procedures for all functions.
- Ability to prioritize workflow, problem solve and manage multiple tasks under deadlines and stress while maintaining a professional and mature demeanor.
- Required to maintain the security and confidentiality of Bank and customer information.
- Excellent verbal and written communication skills in all levels of the bank, inter-division as well as cross-department with above average courtesy and tact to deal with a wide range of people in a variety of roles.
- High degree of PC based technical skills, including proficiency with the Microsoft Suite of products.
Nice To Haves
- Prefer experience with SBA loan processing.
Responsibilities
- Prepares SBA files while assisting Relationship Managers on transactions while communicating effectively with analysts to ensure efficient workflows are maintained.
- Prepares appropriate documentation and tracks receipt of completed documents to ensure files are completed in a timely manner.
- Completes loan documentation requests that enable the Loan Servicing Center to generate loan closing documents upon receipt of completed package from SBA Loan Specialist and reviews documents to ensure proper vesting, legal descriptions, dates, signatures, etc.
- Acts as closing agent for loans as needed, including funding loan proceeds according to loan documents.
- Stays in close contact with borrowers in order to ensure timely receipt of necessary items.
- Follows up on insurance, UCC renewals, financial statements, tax returns, corporate verification of status, inspections, etc.
- Manages compliance databases for the quality control process, ensuring loans are following strict SBA guidelines.
- Sell and cross-sell bank accounts and services as normal aspect of public contact.
- Assists Loan Specialists as a point of contact for customers and employees to answer questions regarding SBA loans.
- Assists loan officer in commercial construction projects by maintaining cost breakdown analysis.
- Gathers tax returns and financial statements to assist in preparation of loan write-ups as requested.
- Perform compliance and risk management duties as required or assigned.
- Regular, reliable attendance is required.
Benefits
- Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health, Financial, Retirement and Work/Life Benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
