compensation: up to $70K annually employment type: full-time
QR Code Link to This Post
Senior SBA 7a Loan Processor
Primary Objectives: Provides professional support and facilitates closing of all commercial and SBA 7(a) and 504 loans in compliance. Executes and coordinates all activities related to the packaging and documentation of government guaranteed loans and commercial loans funded by company. Supervisory Relationships: Reports directly to the Business Services Supervisor. This position has no supervisory responsibilities. 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. Processes environmental screening reports and Phase I or II reports. Tracks orders for appraisals, Title Commitments, Environment reports, operating statements, credit reports and any other front end loan documents required. 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. 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 High school diploma or equivalent. BA/BS in Business Administration, Finance or related field preferred. Minimum 5 years current experience in commercial loan and SBA 7a and 504 loan processing to include processing and funding duties. 1502 SBA reporting experience. Experience with SBA packaging software platform. Required Experience 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.
Principals only. Recruiters, please don't contact this job poster.
do NOT contact us with unsolicited services or offers