Salary Range:

$76,400.00 - $122,100.00

(Depending on knowledge, skills, abilities and location.  Certain level jobs may be eligible for bonus, commission, and/or equity awards.)

Posting Date:

December 17, 2024

This job will be open and accepting applications for a minimum of three days from the date it was posted.

Benefits* worth writing home about:

• 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

*For eligible employees averaging 20 or more hours per week.

EO/AA Employer including Vets and Disabled.

Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.

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Job Description Summary:

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.

Job Details:

PRIMARY FUNCTIONS:

• 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.
• Interface with other departments and SBA in servicing clients.
• Coordinates and maintains all construction budgets, draws, reconciliations, inspections, maturities and extensions.
• Review all SBA documents necessary to meet Lender and SOP policies and procedures.
• Reviews requests for changes and/or waivers to certain loan documents and conditions within scope of authority.
• Identifies issues and concerns, coordinates communication of requests with RM, underwriter and/or management for resolution.
• Oversee Jr. processor daily loan process flow duties, which may include obtaining organizational documents, appraisal and environmental reports, UCC searches, credit reports, CAIVRS, OFAC, SAM’s CIP, Flood searches and requesting 4506 Request for Transcripts.
• Provides input and answers questions relating to loans being reviewed by internal and external examiners.
• Works on special projects related to origination, processing, loan documentation, closing and disbursement processes
• Interface with other departments and SBA in servicing clients.
• Assume other responsibilities or special duties associated with the function of the Department as may be delegated by SBA manager and senior management.
• Participates in required companywide training.

QUALIFICATIONS:

• 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

MENTAL AND PHYSICAL CONSIDERATIONS:

• Able to operate a Personal Computer and view information on a monitor.
• Must be able to sit for many hours each day.
• Must be able to communicate via telephone and possess dexterity to include filing document, reaching and bending.
• May be required to stand for extended periods of time.
• Ability to lift or carry up to 10 pounds
• Ability to speak and understand English and express ideas and have difficult conversation in person and over the telephone
• Ability to listen and comprehend speech.
• Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner.
• Willing and able to travel occasionally as needed.

WORK ENVIRONMENT:

• Normal business office environment.
• Ability to work in artificial light for extended periods of time

This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.

Area:

Commercial (Sales)