SBA Loan Processor

ICCU • Meridian, ID

1d

About The Position

Process Small Business Administration (SBA) loan applications, prepare SBA loan docs for closings, fund new SBA business loans, and assist in preparing annual review requirements prior to loan closing. Assist SBA Loan Officers and SBA Underwriters in the development and growth of the department. This position will generally process SBA 7(a) loans. Duties and Responsibilities: Process incoming SBA loan applications. Review the loan for basic SBA (504, 7(a), Express) eligibility requirements during initial application processing. Prepare and mail disclosures. Assist SBA Loan Officers and SBA Underwriters with orders, verifications, and file requirements throughout the loan closing process. Ensuring compliance concerning all SBA operating procedures and regulations. Process and order all required SBA forms and submissions. Perform various post-closing duties on loan files such as following up on the receipt of final title policies and deeds, paying fees, and quality control. Assist with various business loan duties such as balancing General Ledger’s and working on reports. Communicate with SBA Loan Officers and SBA Underwriters throughout the loan process. Assisting in training of new hires on aspects of the loan process. Completing loan checklists and personal loan audits once a loan is processed. Novice knowledge in processing SBA and complex commercial construction loans.

Requirements

• Bachelor's Degree or equivalent experience.
• One to three years of commercial loan processing experience required.
• Excellent data processing and computer skills with an eye for detail.
• Ability to work under pressure and in an organized manner.
• Excellent communication and people skills.

Nice To Haves

• Experience processing and closing SBA 7(a) loans preferred.

Responsibilities

• Process incoming SBA loan applications.
• Review the loan for basic SBA (504, 7(a), Express) eligibility requirements during initial application processing.
• Prepare and mail disclosures.
• Assist SBA Loan Officers and SBA Underwriters with orders, verifications, and file requirements throughout the loan closing process.
• Ensuring compliance concerning all SBA operating procedures and regulations.
• Process and order all required SBA forms and submissions.
• Perform various post-closing duties on loan files such as following up on the receipt of final title policies and deeds, paying fees, and quality control.
• Assist with various business loan duties such as balancing General Ledger’s and working on reports.
• Communicate with SBA Loan Officers and SBA Underwriters throughout the loan process.
• Assisting in training of new hires on aspects of the loan process.
• Completing loan checklists and personal loan audits once a loan is processed.
• Novice knowledge in processing SBA and complex commercial construction loans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees