SBA Loan Administrator

Key Responsibilities And Duties

• Reviews loan application files to verify completeness, accuracy, and compliance with SBA guidelines and loan policy.
• Manages processes for flood certifications, business and personal credit reports, 4506 Tax Transcripts, and OFAC checks.
• Prepares documents and correspondence for reports, following approved policies and procedures.
• Prepares SBA submission packages and ensures all required items are obtained and up-to-date.
• Requests SBA loan approvals through E-Tran or other means, clears compliance codes as necessary.
• Collaborates with Commercial Loan Documentation to obtain accurate loan documents, including correct borrower, collateral, and SBA language.
• Works with escrow and title companies to meet closing timelines, orders, tracks, and reviews title work to ensure the Bank’s lien position.
• Assists with loan closing by preparing closing documents and related materials as needed.
• Reviews loan closing documents for errors and prepares recommendations to correct them.

Minimum Qualifications

• 5+ years of SBA loan administration and/or loan processing experience.
• Demonstrated experience processing and closing SBA 7(a) and 504 loans.
• Working knowledge of LaserPro Loan Documentation Software, specifically the Commercial and SBA modules.
• Experience preparing, reviewing, and interpreting attorney-prepared loan documents.
• Strong knowledge of business entity structures and related documents.
• Experience auditing, closing, and funding SBA loans.
• Strong knowledge of collateral perfection requirements across various collateral types.
• Prioritizes customer service and takes a proactive approach to problem-solving and issue resolution.

Role Specific Work Experience

• 3+ Years Required; 5+ Years Preferred.

Physical Requirements

• Sedentary Work.

Career Level

• 7IC

Pay Range

• $98,500 - $133,200

Benefits

• Medical, dental, vision & HSA/FSA
• 401(k) savings
• Paid holidays & generous PTO
• Additional wellness & voluntary benefits
• Tuition reimbursement
• Commuter Benefits
• Life and Disability Insurance