Small Business Lending Intern

LMCU • Grand Rapids, MI

20h • Onsite

About The Position

The Small Business Lending Intern will assist with loan processing for the Small Business Lending Program while adhering to the current Small Business Lending Standard Operating Procedures in force at the time the loan is being processed.

Requirements

• College student freshman, sophomore, junior, senior or master level status or a recent college graduate within the last 3 months with a focus in a business related field is preferred.
• Excellent written and verbal communication skills.
• 3.0 GPA or greater.

Responsibilities

• Monitoring Lender AI CRM platform and following up on applications for the credit union’s Small Business Lending loan program.
• Performing all loan closing tasks for the Small Business Lending loan program. Tasks may include loan onboarding, generating loan documents for processing loans, lien perfection, and post-close due diligence to ensure completeness, accuracy, and compliance with Small Business Lending policy.
• Collecting all necessary loan documentation from borrower(s) pertinent to the Small Business Lending request. Documents may include business and personal tax returns, vehicle titles, insurance, and other applicable items.
• Performing Small Business Lending loan servicing as a secondary contact for member loan questions, payment issues, and other general inquiries.
• Conducting general loan maintenance, such as address changes, ACH information, payment adjustments, and more.
• Complying with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

What This Job Offers

• Job Type: Part-time
• Career Level: Intern
• Education Level: No Education Listed