Senior Processor - Small Business Administration
Posted 2025-03-15Description:
? The SBA Sr. Loan Processor will be responsible for supporting all SBA loan origination efforts by reviewing, packaging, and completing all SBA requests.
? This may include, developing a needs list, tracking orders for third party reports, assisting underwriters in clearing pre-funding conditions, coordinating closings with title officers and legal counsel.
? Once approved, the Sr. Processor will work with the underwriters, and RM?s ensuring that the SBA package complies with all required SBA rules and regulations and to ensure a clean SBA file audit.
? Responsible for packaging, and processing SBA loans and work closely with RM, the SBA closer, client and brokers throughout the underwriting and closing process.
? Ensures that the SBA package is complete and accurate in complying with SBA SOP procedures and bank policy and procedures.
? Gather and verify all necessary information in order to prepare the SBA application; to include business plan, tax returns, equity injection, and other necessary SBA forms.
? Reviews and comprehends complex loan documentation, loan terms and financial elements for accuracy and consistency with the credit approvals.
? Notifies the RM, underwriter and client of items missing or required for corrections.
? Organize loan files; prepare and maintain needs list and follow-up as required to ensure receipt of all necessary documents.
? Prepare the SBA application package and submission to the SBA ensuring accuracy and completeness.
Requirements: ? Bachelor?s Degree or equivalent work experience required. ? A minimum of 7 years? experience in SBA loan processing and/or SBA and commercial loan documentation knowledge is required. ? Thorough knowledge of SBA SOP, USDA B & I is required. ? Ability to maintain a high level of accuracy and attention to detail. ? Ability to work independently and handle multiple priorities concurrently. ? Excellent command of the English language; excellent writing skills. ? Familiarity with real estate lending and accounting terminology.
Benefits:
? Medical, dental, and vision coverage for employees and their families
? Life, disability and family Leave
? 401(k) and Roth 401(k) with employer match
? Wellness program, employee assistance program, ?Commute Trip Reduction? (CTR) and various employee discounts
? Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work
? Free employee checking account and employee home loan discounts
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