Government Guaranteed Loan Processor & Closer II

Essential Job Functions

• Demonstrates and appropriately applies a strong, working knowledge of diverse government guaranteed loan documentation, legal & regulatory requirements, policies and procedures
• Reviews and understands the loan approval to determine borrower, collateral, guarantor, loan structure requirements, determines due diligence requirements and prepares an SBA Master Needs List accordingly
• Ensures good faith deposit is received and proof uploaded to the loan origination system
• Understands, determines and obtains appropriate approval for compliance requirements, such as Commercial Customer Identification Program (CIP), BSA, ECOA, OFAC, etc.
• Communicates proactively with the borrower(s), sales, credit, external partners and 3rd party vendors while ensuring the credit union meets the closing deadlines and expectations of the borrower
• Orders and reviews third party reports, such as, title commitments, flood certifications, Certificate of Good Standing, UCC searches, site visits, tax, lien and judgment searches, Tax Transcripts, CAIVRS and any other required reports as necessary
• Prepares loan closing documentation using loan documentation system
• Works with CDC to obtain Debenture funding on 504 Loans
• Collaborates with Government Guaranteed Servicing to ensure loans are boarded accurately, and according to the loan approval
• Collaborate with Portfolio Manager for any Change in terms on existing loans
• Promptly and accurately determines when underwriting approval conditions have been satisfied or takes appropriate corrective action to resolve discrepancies while escalating questions or disputes to appropriate level when needed
• Determines closing date expectations and advises sales and credit of obstacles that may impede meeting member’s expectations
• Mitigates risk by clearing liens and credit approval conditions for all loans prior to closing
• Collaborates with Loan Officers, and/or Portfolio Managers to draft 327 Actions to the SBA
• Organizes electronic files according to systems standards and understands the loan origination system
• Inputs applicable ticklers accordingly prior to boarding and collects trailing post close documents
• Ensures all items are filed with centralized documentation system
• Enters data and maintains data integrity and accuracy in commercial loan origination system

Position Required Qualifications

• High school diploma or GED and five (5) years’ experience in Processing/Closing SBA loans or three (3) years of experience in supporting a volume of 3-5 SBA loan closings per month
• Proficient knowledge of SBA lending and SOP along with compliance and documentation regulations
• Knowledge of LaserPro for loan documentation preparation
• Professional written, verbal communication, problem solving, and advanced interpersonal skills, along with the ability to produce quality work within tight time frames while managing multiple assignments
• Exceptional attention to detail
• Ability to work on core processing systems (JHA) and department specific processing systems (Sageworks / Laser Pro)
• Knowledge of Microsoft Office and Excel
• Strong work ethic, the ability to prioritize and adapt to changing deadlines, , and the desire to work as a team to support the overall success of the credit union
• Strong knowledge base about conventional, SBA 7(a) and SBA 504 loan programs, policies and procedures

Preferred Qualifications

• Bachelor’s degree or equivalent industry experience

Hybrid Work Environment and Physical Demands

• Sitting and standing for extended periods of time.
• Working on a computer for extended periods of time