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/subordinations, work-outs, and liquidations.

ESSENTIAL FUNCTIONS

• Provide the highest level of quality service to all lending personnel and clients.
• Afford assistance and support to clients with post-close GGL servicing requests, ensuring they comply with GGL guidelines and obtain proper approvals and notices.
• Manage and document servicing requests, including but not limited to: exchange of collateral, changes to entities, name changes, address changes, assumptions, release of obligor/guarantor, deferrals/modifications, and death of obligor.
• Offer technical support by answering client inquiries via phone or email.
• Be proficient in current SOP Servicing and Liquidations Manual.
• Monitor and update project pipeline reports.
• Manage multiple projects simultaneously, ensuring accurate, efficient, and timely completion of tasks.
• Identify and report adverse and key risks to the Bank.
• Prepare and submit Servicing Action Request Memos (SARMs) to the appropriate decision makers, ensuring all SOP requirements are met, including proper notices and file documentation.
• Acquire and analyze supporting documentation to assist clients with post-close GGL servicing action requests.
• Assist with analyzing third-party reports.
• Perform other duties and special projects as assigned.
• Continuously develop professional skills relevant to the position.
• Support the organization's goals, values, initiatives, and cost control measures.
• Adapt to change and learn new skills and software applications.
• Complete annual compliance courses.
• Comply with all corporate policies and procedures, as well as federal and state regulations, including the Bank Secrecy Act and Anti-Money Laundering Act.
• Meet 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.
• Familiarity with GGL processes and terminology.
• Effective organizational, oral, and written communication skills, along with high attention to detail.
• Ability to manage multiple projects and tasks simultaneously, ensuring accuracy, efficiency, and adherence to deadlines.
• Knowledge of Microsoft software, including Word, Excel, and Adobe, is beneficial.
• Experience with financial analysis is advantageous.

Cognitive Requirements

• Learning, thinking, concentration, self-control, and the ability to exercise discretion and appropriate judgment.
• Attention to detail and teamwork skills.
• Effective interaction with colleagues and customers, demonstrating self-control and diplomacy in customer and employee relations.