GGL Loan Servicing Specialist

SUMMARY

As part of First Banks Government Guaranteed Lending (GGL) Servicing Team, the Loan Servicing Specialist provides a high level of technical support to clients, vendors, and affiliated Bank personnel. This position serves as the principal contact for customers regarding GGL, specifically 7a, 504, and/or USDA business loans and services. Duties include handling various post-close servicing actions such as loan modifications, collateral releases, name changes, and more.

ESSENTIAL FUNCTIONS

• Provide the highest level of quality service to all lending personnel and clients.
• Aid clients with post-close GGL servicing requests, ensuring they meet GGL guidelines and obtaining proper approvals and notices.
• Manage and document servicing requests related to: exchange of collateral, changes to entities, name changes, address changes, assumptions, release of obligor/guarantor, deferrals/modifications, and death of obligor.
• Answer client questions via phone or email, providing GGL technical support.
• Be proficient in current SOP Servicing and Liquidations Manual.
• Maintain and update project pipeline reports.
• Identify and manage adverse and key risks, bringing them to the attention of the Bank.
• Prepare and submit completed Servicing Action Request Memos (SARMs) to the appropriate decision makers, ensuring all SOP requirements are met, including proper notices and file documentation.
• Procure and analyze supporting documentation to assist clients with post-close GGL Servicing Action Requests.
• Analyze third-party reports and assist with other duties and special projects as needed.
• Continuously develop professional skills relevant to the position.
• Support the organization's goals, values, initiatives, and cost control measures.
• Adhere to all corporate policies and procedures, as well as Federal and state regulations and laws, including the Bank Secrecy Act and Anti-Money Laundering Act.
• Comply with Service Excellence standards.

GENERAL QUALIFICATIONS

• Four-year degree with a Finance or Business concentration, or at least 3-5 years of GGL-related experience, highly preferred.
• Familiarity with GGL loan collection, processing, payments, monitoring protocols, and servicing documentation requirements.
• Knowledge of GGL processes and terminology.
• Effective organizational, oral, and written communication skills, along with high attention to detail.
• Ability to manage multiple projects/servicing requests simultaneously, ensuring accurate, efficient, and timely completion.
• Proficiency in Microsoft software, including Word, Excel, and Adobe.
• Financial analysis background is a plus.
• Knowledge and experience in analyzing third-party reports and assisting with special projects.

Cognitive Requirements

• Learning, thinking, concentration, ability to exercise self-control, and exercising discretion and appropriate judgment.
• Effective interaction with co-workers and customers, maintaining a supportive and diplomatic attitude.
• Close attention to detail and teamwork skills.