SBA Loan Administrator

About the role

The Small Business Administration (SBA) Loan Administrator performs loan administration work including collection and review of documents and processing third-party reports to ensure adherence to the SBA loan program and credit policy. Coordinates internal workflow and resolves discrepancies to meet closing deadlines. Elevates issues to management and maintains the accuracy of the company's SBA loan management system.

Responsibilities

• Reviews loan application files to verify that application data is complete, accurate, and meets standards established by loan policy and SBA guidelines.
• Understands SBA requirements for eligibility according to the most recent Standard Operating Procedures (SOP) as published by the SBA. Remains current on pending and proposed regulatory changes affecting compliance and SOP.
• Manages processes for flood certifications, business and personal credit reports, 4506 Tax Transcripts, and OFAC checks.
• Prepares documents and correspondence for reports as required, following approved policies and procedures.
• Prepares the SBA submission package and ensures all submission items have been obtained and are current.
• Requests SBA loan approval through E-Tran or other means. Clears compliance codes as needed.
• Works with Commercial Loan Documentation to request accurate loan documents reflecting correct borrower, collateral, and SBA language.
• Works with escrow and title companies to meet closing timelines. Orders, tracks, and reviews all title work to ensure Bank’s lien position.
• Collaborates with servicing group in funding and boarding of SBA loans to core system.
• Assists with the closing of loans by preparing loan closing documents and related materials as needed.
• Reviews for errors and prepares recommendations to correct errors that could potentially put the Bank at risk for losing an SBA guaranty or obtaining penalties.
• Serves as an SBA subject matter expert by maintaining a thorough understanding of SBA eligibility requirements and ensuring adherence to the most current SBA Standard Operating Procedures (SOP).
• Stays informed of regulatory changes impacting SBA lending and compliance requirements.
• Reviews SBA loan documentation for accuracy and identifies potential compliance risks.
• Recommends corrective actions to address errors that could result in SBA guaranty loss or regulatory penalties.
• Supports risk mitigation efforts by ensuring adherence to SBA guidelines and internal policies.

Requirements

• 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.
• Proven ability to provide a high level of customer service while taking a proactive approach to problem-solving and issue resolution.

Qualifications

• 3+ years of role-specific work experience required; 5+ years preferred.
• University degree preferred.
• Sedentary work as physical requirement.

Pay

$98,500 - $133,200

Benefits

• Medical, dental, vision, and HSA/FSA
• 401(k) savings
• Paid holidays and generous PTO
• Additional wellness and voluntary benefits
• Tuition reimbursement (subject to plan terms)
• Commuter benefits
• Life and disability insurance