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SBA Loan Processor

2 months ago


Los Angeles, California, United States Management Recruiters International Full time
SBA Loan Processor Job Description

Management Recruiters International is seeking an experienced SBA Loan Processor to join our team. As a key member of our loan operations department, you will be responsible for verifying and compiling application information for SBA loans.

Key Responsibilities:
  • Compile and review credit, financial, and documentation files to ensure accuracy and completeness.
  • Open escrow and order preliminary title reports as required.
  • Coordinate with third-party vendors to obtain necessary reports, including flood certifications, business and personal credit reports, and UCC searches.
  • Request SBA loan authorization through eTran or other means.
  • Submit and coordinate SBA loan submissions, including application input through E-tran.
  • Prepare loan documents through LaserPro and Lending Solutions, and review for accuracy.
  • Manage the loan pipeline and provide timely follow-up with internal and external parties.
  • Verify the accuracy of information provided and ensure compliance with all applicable regulations.
  • Work closely with the Loan Operations Funding Department to ensure SBL procedures are followed in the closing and funding of loans.
  • May be required to provide secondary support for SBA loan servicing and liquidation activities.
Requirements:
  • Minimum 5 years' experience as a loan processor and servicing SBA loans.
  • Knowledge of financial and collateral documentation for various loan types.
  • Knowledge of legal entity borrowing structures, including Limited Liability Companies, Corporations, Partnerships, and Tenant in Common structures.
  • Knowledge of required reviews and verifications through the Secretary of State, 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 related compliance concerns for Income Property lending.
  • Knowledge of Loan Closing processes and required documentation.