SBA Loan Processor

5 days ago


Los Angeles, California, United States Management Recruiters International Full time

Job Summary:

Management Recruiters International is seeking an experienced SBA Loan Processor to join our team. As an SBA Loan Processor, you 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:

  • Loan Processing: Compile and scan all credit, financial and documentation files, open Escrow/Order Preliminary Title reports, and order all third-party vendor reporting needs.
  • SBA Loan Authorization: Request SBA loan authorization through eTran or other means, submit and coordinate SBA loan submissions, and prepare loan docs through LaserPro and Lending Solutions.
  • Loan Pipeline Management: 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.
  • Verification and Accuracy: Verify accuracy of information provided, work closely with all parties to assist in timely processing, credit approval, and closing of new loan requests.
  • Collaboration: Work closely with the Loan Operations Funding Department to ensure SBL procedures are followed in the closing and funding of the loans.
  • Secondary Support: May be asked to provide secondary support for various SBA loan servicing and liquidation activities, including preparing documentation required to liquidate loans.

Requirements:

  • Experience: Minimum 5 years' experience as a loan processor and servicing SBA loans.
  • Knowledge: Knowledge of all required financial and collateral documentation for various loan types, knowledge of various legal entity borrowing structures, and knowledge of required reviews and verifications.
  • Compliance: Knowledge of Flood Insurance Compliance and required documentation, knowledge of Environmental Reports, and knowledge of all related compliance concerns for Income Property lending.
  • Loan Closing: Knowledge of Loan Closing processes and required documentation.


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