SBA Loan Processor

1 week ago


Los Angeles, California, United States MRINetwork Jobs Full time
Job Summary

We are seeking an experienced SBA Loan Processor to join our team. The successful candidate will be responsible for verifying and compiling application information for SBA loans, ensuring compliance with all Bank policies and procedures, as well as all applicable SBA, state and federal banking regulations.

Key Responsibilities
  • Compile and scan all credit, financial and documentation files.
  • Open Escrow/Order Preliminary Title reports.
  • Order all third-party vendor reporting needs, including Flood Certifications, business & personal credit reports, UCC Searches, 4506 Tax Transcripts.
  • Request SBA loan authorization through eTran or other means.
  • Submit and coordinate SBA loan submissions, including application input through E-tran.
  • Prepare loan docs through LaserPro and Lending Solutions and review to ensure accuracy.
  • Manage loan pipeline and provide timely follow-up with key internal and external parties.
  • Review loan application file to verify that application data is complete and meets establishment standards, including type and amount of loan, borrower assets and liabilities.
  • Verify accuracy of information provided.
  • Work closely with all parties to assist in timely processing, credit approval, and closing of new loan requests.
  • Work closely with the Loan Operations Funding Department to ensure SBL procedures are followed in the closing and funding of the loans.
  • May be asked to provide secondary support for various SBA loan servicing and liquidation activities, including preparing documentation required to liquidate loans, including default letters, requests to file Notices of Default, and coordinates guaranty repurchase with SBA.
Requirements
  • Minimum 5 years' experience as a loan processor and servicing SBA loans.
  • Knowledge of all required financial and collateral documentation for various loan types.
  • Knowledge of various legal entity borrowing structures, such as Limited Liability Companies, Corporations, Partnerships, Tenant in Common structures, etc.
  • Knowledge of required reviews and verifications through the Secretary of State, etc., and the type of entity documentation required for each type.
  • Knowledge of Flood Insurance Compliance and required documentation. Knowledge of Environmental Reports, such as EDR and Phase I.
  • Knowledge of all related compliance concerns for Income Property lending, including, but not limited to, Reg. B monitoring, Withdrawn and Declined Procedures, etc.
  • Knowledge of Loan Closing processes and required documentation.

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