SBA Loan Processor

Overview

Performs a wide variety of duties with the first functions of document preparation, closing and funding of SBA loans. Other duties including clerical and accounting duties, analysis of SBA and other member business loan requests, compiling reports and other support duties related to SBA Lending Services. Receives, reviews and processes SBA loan documents; maintains loan application files and other duties related to the processing and servicing of the SBA loan portfolio. Conducts loan risk analyses as assigned and authorized by Manager. Ensures that members, prospective members and employees are promptly and professionally served. Performs other support functions as assigned.

Responsibilities

1. 1. Interacts with customers, attorneys, title companies, lenders and their assistants, etc. to provide exceptional customer service.
2. 2. Reviews and approves all required documentation received, i.e. purchase agreements, corporate documents, lease agreements, landlord subordinations, construction documentation, vehicle titles, etc. as required for the loan.
3. 3. Requests for a revised loan presentation if needed.
4. 5. Submits loan to SBA/USDA for approval and prepares SBA Loan Authorization for any SBA PLP loans.
5. 6. Pays the guaranty fee.
6. 7. Engages the attorney.
7. 8. Reviews closing documents before releasing documents to insure accuracy and compliance with regulatory requirements.
8. 9. Schedules and coordinates loan closings.
9. 10. Ensures all loans are closed and funded according to the approved loan request, bank policy, regulatory guidelines and SBA/USDA policies and procedures.
10. 11. Coordinates with the SBA loan servicing department for the loan funding and booking.

4. Updates Pcfs.

Qualifications

Training/Education/Certification:

• High school graduate or equivalent• Coursework in general office skills

Required Knowledge:

• Knowledge of Credit Union policies and procedures• Knowledge of related computer applications including Laser Pro, InBranch, LoanPro, CSAir, Flex, Imaging, Word, Excel and other web applications• Knowledge of SBA One and/or PCFS (creditwrx and loan manager) preferred.

Experience Required:

• 3+ years of experience with SBA loan processing/closing.• Working knowledge of SBA SOP’s.• 3 + years of Document Preparation.• Working knowledge of SBA SOP’s.• New Accounts or teller experience preferred• One year general office experience, preferably in financial environment• Loan quality assurance or loan secretary experience helpful.

Skills/Abilities:

• Strong word processing skills• Professional appearance and attitude.• Organized, Accurate and attentive to detail• Excellent communication (verbal, written, listening), public relations and telephone skills• Able to use PC and related applications, printer, phones and basic business equipment• Self-driven, ability to work independently and as part of a team.• Must be able to exercise discretion and good judgment