SBA Loan Processor - Ybor City, FL

Valley Bank•Tampa, FL

2d•Onsite

About The Position

The SBA Loan Processor will be responsible for performing preliminary analysis to assess documentation required for submission to the SBA or to meet PLP requirements. This role involves reviewing and preparing SBA loan packages for submission or PLP approval, analyzing all aspects of the loan for accuracy and eligibility. The processor will manage the closing process, engaging attorneys and acting as a liaison with attorneys, borrowers, and BDOs to efficiently close SBA 7a and 504 loans. This includes scheduling closings and collecting/reviewing all due diligence needed to close loans in accordance with approval. The position requires reviewing all loan closing documentation for accuracy and compliance with bank and SBA approval, coordinating revisions as necessary, and recommending clear to close. Additionally, the role involves analyzing equity injection and funding requests against original approval to ensure eligibility and maintain guarantee security. The SBA Loan Processor will assist lenders and BDOs with all phases of packaging, funding, and non-intensive servicing, provide superior customer service, and ensure compliance with SBA SOP and regulations.

Requirements

Detail oriented and possess excellent organizational, follow-up, and customer service skills.
Strong verbal and written communication skills.
Ability to work independently, have excellent problem-solving skills, and ability to meet deadlines.
Proficient with Word and Excel.
Thorough working knowledge of the current SBA SOP.
Knowledge of SBA loan documentation.
Knowledge of Commercial Loan Documentation.
High School Graduate or Equivalent.
Minimum of 3 years of relevant SBA 7a experience.
NAGGL or other relevant SBA training.

Nice To Haves

College Degree preferred.
NAGGL Closing and Funding and NAGGL Advanced Closing Documentation courses preferred.

Responsibilities

Perform preliminary analysis to assess documentation required for submission to the SBA or meet PLP requirements.
Review and prepare SBA loan package for submission or PLP approval, analyzing all aspects of the loan for accuracy and eligibility.
Manage closing process, engaging attorney and acting as liaison with attorney, borrower, and BDO to efficiently close SBA 7a and 504 loans, including scheduling closing.
Collect and review all due diligence needed to close loans in accordance with approval.
Review all loan closing documentation for accuracy and compliance with bank and SBA approval and coordinate revisions as necessary.
Recommend clear to close.
Analyze equity injection from approval versus final closing injection in accordance with SBA requirements.
Analyze funding requests against original approval to ensure eligibility and to keep our guarantee secure.
Assist lenders and BDO's with all phases of packaging, funding, and non-intensive servicing.
Provide superior customer service (internal and external) by resolving issues and providing accurate and timely information.
Responsible for compliance with SBA SOP and SBA regulations related to this position.