Loan Documentation Specialist
4 weeks ago
About the Role:
We are seeking a highly skilled Loan Documentation Specialist to join our team at SmartBiz. As a Loan Documentation Specialist, you will be responsible for performing a final validation of key data across documentation, the loan application, and Credit Memo, and confirming that all necessary pre-closing conditions are satisfied. You will also be responsible for securing PLP through the SBA Capital Access Financial System (CAFS) and generating the loan documentation in accordance with regulatory, SBA, and Bank requirements.
Key Responsibilities:
* Perform key loan processing and closing actions at scale and speed while maintaining a high level of attention to detail
* Review loans prior to closing to ensure they meet all requirements of SBA 7(a) guidelines and Bank guidelines
* Secure PLP from the SBA CAFS
* Review the SBA/E-Tran approval sheet to understand the terms and structure of the loan request
* Manage the loan documentation process from start to finish by facilitating execution of loan documents, reviewing signed loan documents, and controlling loan funding
* Utilize LaserPro software to prepare loan documents for the SBA loan closings in accordance with complete accurate data entry to ensure documentation completed complies with SBA SOP, Bank policy, and procedures as well as governing regulations and within the department's service level agreement turn times
Requirements:
* 5+ years experience working with SBA 7a loan closings and documentation processes
* Deep knowledge of LaserPro software, SBA CAFS (securing PLP and handling Error codes) and all relevant commercial and SBA loan Modules
* Deep SBA knowledge and experience, ideally in SBA 7a
* Comfortable working with Macs, and familiar with Salesforce
* Experience working with Fiserv and Sageworks
* Detail-oriented and highly organized
* Ability to multitask and prioritize in a fast-paced environment
* Results-oriented and comfortable tracking and being measured against KPIs
About SmartBiz:
SmartBiz is a leading technology-powered small business financing platform that equips entrepreneurs with access to the right capital at the right time. We are committed to DEI&B and have been recognized as a Great Place to Work Certified company. We offer a competitive salary and equity in a fast-growing start-up, as well as 100% paid medical, dental, and vision benefits for employees and their domestic partners and dependents.
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