SBA Loan Coordinator
3 weeks ago
The SBA Loan Coordinator is responsible for the preparation of loan packages for submission to the Small Business Administration and other government agencies for commercial loan approvals.
Duties & Responsibilities
- Process Small SBA 7(a) loan files($350,000 or less), SBA Express Loans; occasionally SBA 504 and Conventional loan files.
- order, and track due diligence items such as title policies, environmental reports, etc.
- Coordinate the collection of required documentation from borrower and/or lender.
- Contact lenders, title companies, insurance agents, and others to ensure missing post-closing documents have been obtained and make sure that files are complete with all final recorded documents.
- Order credit reports, as needed.
- Verify accuracy of documents based on type of loan.
- Prepare settlement sheets for loan disbursements and verify that documentation supports the original authorization.
- Supports departmental duties including answering phones, processing incoming and outgoing mail and deliveries, maintaining office equipment, ordering supplies, maintaining filing systems, etc.
Knowledge of:
- Strong oral and written communication skills
- Strong organizational skills
- Take independent action within established options and develops new procedures and approaches to problems when necessary
- Analyze assignments based on a wide knowledge of many factors where application of advanced or technical concepts are required
- Maintain visual attention and mental concentration for extended periods of time
- Perform duties and make decisions under frequent time pressures
- Independently be able to prioritize workflow to meet deadlines
- Requires High School diploma.
- Requires 2 or more years of commercial loan and/or SBA loan documentation knowledge.
- Requires knowledge of Microsoft Office.
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.
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