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Government Guaranteed Loan Specialist
2 months ago
We are seeking a highly skilled Government Guaranteed Loan Specialist to join our team at First Horizon Foundation. As a key member of our customer service team, you will be responsible for providing exceptional support to our clients and ensuring the smooth execution of government guaranteed loan transactions.
Key Responsibilities- Exercise due diligence in loan inspection to ensure documentation aligns with purchase commitment terms and conditions.
- Schedule funding of government guaranteed loans/pools with sellers and buyers.
- Act as SBA pool Underwriter/Assembler to issue SBA securities, converting raw loans into securitized assets.
- Work on the DTCC platform to deposit SBA pools in electronic format.
- Coordinate purchases and sales with FHN's repo facilities, providing direction to respective cashiers.
- Collaborate with SBAs Fiscal and Transfer Agent to determine loan status and establish initial funding.
- Act as liaison with internal personnel, including Traders, Trading Assistants, Sales Representatives, and Accounting personnel.
- Ensure timely clearance of transactions on scheduled settlement dates.
- Assist with additional projects and assignments as needed.
- Utilize customer experience knowledge to improve efficiency and effectiveness.
- Educate lenders and investors on loan sale process mechanics.
- Define roles of participants in the program, including lenders, investors, FTA, and Governmental Agency.
- Act as liaison between lender and agency to expedite delivery of loan documentation.
- Provide and explain good delivery requirements.
- Assist lenders with loan documentation completion.
- Define settlement process and timeline from delivery date to scheduled funding date.
- Provide sample standard remittance advice for monthly principal and interest payments.
- Assist with amortization schedules.
- Resolve issues related to borrower deferment of payments.
- Address borrower modifications to terms of promissory note.
- Handle borrower default and formal demand process.
- Manage borrower prepayments and calculate penalties.
- Document approved changes to borrower terms.
- 3-4 years of experience in banking, finance, or securities industry.
- Bachelor's Degree in business or finance preferred.
- Excellent communication and analytical skills.
- Strong customer service and problem-solving skills.
- Prioritization and task management abilities.
- Experience with loan reconciliations and Microsoft Professional Suite.