compensation: up to $70K annually employment type: full-time
QR Code Link to This Post
Senior Commercial Loan Processor
Job Description Primary Objectives:
Provides professional support and facilitates closing of all conventional commercial and government guaranteed SBA loans in compliance with regulations, policies and procedures. Executes and coordinates all activities related to the packaging, processing, documentation and funding. Principal Responsibilities: Reviews loan file to determine documents required for each loan request. Assembles credit file. Ensures borrower's information documents are complete. Reviews preliminary title report and work with account officer to resolve any issues. Ensures timely completion of all aspects of the loan file to manage the loan process to meet closing timeline expectations and requirements. Reviews loan files post-closing for department quality control to ensure that all condition requirements were met prior to funding loans. Processes commercial advances and responds to service requests. Prepares commercial loan files for loan booking and boarding. Reviews loan files upon receipt, preparing loan file for closing, preparing loan documents, and coordinating with respective internal departments and third parties to ensure efficient loan closing and timing. Obtain SBA approval by entering loans to SBA One/etran database or other front end software. Prepares and ensures adherence to the SBA Loan Authorization and ensures required SBA documents are created and in file. Processes environmental screening reports and Phase 1 or 11 reports. Tracks orders for appraisals, Title Commitments, Environment reports, operating statements, credit reports and any other front end loan documents required. Prepares funding wires to escrow and completes loan booking worksheets. Post-closing functions such as filing UCC's with Secretary of State; follows up and reviews final Title policy. Processes, documents, and prepares for funding the government guaranteed loan portfolio to ensure compliance with Federal agencies and bank regulations. Monitors and maintains business pipeline tracking report. Follows up for post-closing documents (receipt of recorded documents, final title policy, etc.). Follows approved budgets for loan disbursements. Works with third party funds control to monitor and disburse for tenant improvements. Monitors and prepares subsequent loan disbursements for lines of credit and multiple advance loans. Reviews the official SBA authorization and loan agreement for accuracy and to ensure the terms and conditions correspond with the approved credit authorization. Audits files for documentation completeness and accuracy and disbursement of settlement fees. Required Skills Thorough knowledge of SBA and commercial policies, procedures and regulations. Professional verbal and written communication skills. Ability to effectively communicate with all levels of staff and members. Sound understanding of company's products and services. Organized, detail oriented and ability to complete multiple tasks accurately and within required timeframes. Ability to prioritize work and perform under limited supervision. Required Experience High school diploma or equivalent. BA/BS in Business Administration, Finance or related field preferred.
Minimum 5 years of experience in commercial loan processing and funding, with at least 3 years at the senior level. SBA loan processing and packaging software experience preferred.
Principals only. Recruiters, please don't contact this job poster.
do NOT contact us with unsolicited services or offers