Commercial Loan Coordinator

The ideal candidate for this role will possess strong analytical and problem-solving skills, with excellent communication and interpersonal abilities. You will have a proven track record of working effectively in a fast-paced environment, prioritizing tasks, and managing multiple projects simultaneously. Your expertise in commercial lending and SBA loan processing will enable you to make informed decisions and provide top-notch support to our SBA Account Executives and BDOs.

We offer a competitive salary range of $65,000-$85,000 per annum, commensurate with experience, plus benefits and opportunities for professional growth and development. If you are passionate about delivering exceptional customer service, driving business growth, and advancing your career, apply now to become our next SBA Loan Processor II

Responsibilities:
* Primary contact for SBA loan processing, providing assistance to SBA commercial members in all areas of the member relationship with CM Company.
* Effectively answers questions, communicates status updates, and documentation requirements in the origination of SBA loans to applicants, staff, clients, and SBA.
* Assists the credit underwriting team with SBA questions to ensure adequate completion of SBA eligible credit presentations.
* Properly documents loan application file progress using assigned checklists.
* Responsible for third-party engagements and fee collection.
* Reviews SBA application documentation, leases, title commitments, organizational documents, environmental reports, appraisals, franchise documents, IRS verification, and insurance to ensure SBA eligibility and compliance.
* Maintains a significant level of knowledge and understanding of SBA loan documentation, credit policy, and state and federal regulations.
* Responsible for the collection and securing of applicant equity injection.
* Assists with input into the SBA's loan application system.
* Assists Doc Prep staff with SBA questions to ensure correct creation of SBA-specific documents, as well as reviewing loan documents to ensure they are prepared accurately.
* Assists with covenant monitoring and notifies SBA Servicing Department of violations.
* Perfects liens via recording mortgages and fixture filings and filing for lien holder status on titles.
* Assists SBA Loan Servicing staff with documentation relative to loan disbursements, subordinations, partial releases, satisfactions, and fee reversals.
* Provides back-up support for SBA loan disbursing.
* Serves as a subject matter expert for SBA, sharing knowledge to train other SBA lending staff and act as a resource for questions.
* Reviews loan files of other SBA Loan Processor I's.
* Responsible for scanning/indexing commercial loan documentation to CM Company's imaging platform.
* Responsible for providing commercial loan documentation to Ultum clients.
* Understands and keeps updated on SBA program rules, commercial loan documentation, credit policy, and state and federal regulations.
* Assists Government Guaranteed Loan Program Manager with tasks relative to SBA lending.
* Works with the SBA Account Executive, BDO, and construction team to monitor the construction loan process, including following procedures to disburse funds to appropriate parties, collecting lien waivers, and taking pictures of construction projects as requested.
* Uses the sales process to identify and recommend products and services to members based on financial need, when appropriate.
* Monitors lending reports and ticklers to assure that proper documentation is included and up to date.
* Suggests and helps implement process improvements to improve departmental efficiencies.
* Actively participates in community relations efforts to contribute to the mission and visibility of CM Company and Ultum Group.

Education and Experience:
* Two-year degree in a business-related field plus five years' experience in commercial banking and three years SBA experience.

The Benefits:
* Competitive salary range of $65,000-$85,000 per annum
* Opportunities for training and development
* Leadership development
* Job level advancement
* Tuition reimbursement
* 32 hours volunteer paid time off
* Paid time off - begins accruing upon date of hire for a total of 4 weeks per year for FT; prorated for PT
* Medical, dental, vision, employer-paid life insurance/AD&D, employer-paid disability insurance, retirement plan, paid parental leave, bonus/incentive program, employee engagement/health and wellness programs.

About Us:
At CM Company, we are committed to investing in our team and offering a supportive work environment that fosters growth and development. As a member-owned organization, we prioritize making dreams come true for our members, enhancing their lives through strength, service, and growth. With over 85,000 members, $2.4 billion in assets, and over 25 branch locations throughout Minnesota, we are dedicated to serving our communities and empowering our employees to succeed.

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