SBA Loan Processor
Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction company that employs local people, our goal is to help businesses succeed and our communities thrive. With offices across multiple states, we’re strong, growing, and committed to supporting the communities we serve. We extend this commitment to our associates, offering annual paid volunteer time off and charitable-matching opportunities. Voted a Best Bank to Work For by American Banker for multiple years, we offer professional growth opportunities, interesting colleagues, and the satisfaction of supporting our communities.
About the role
The position is responsible for processing and closing SBA 7(a) and 504 loans.
Responsibilities
- Collaborates with internal staff including Underwriters and Business Development Officers to process and close loans in a timely manner.
- Reviews the loan file and prepares a list of items required to close and fund the loan; communicates the requirements and loan status clearly and concisely.
- Prepares loans for submission to the SBA for the issuance of an SBA loan number.
- Prepares SBA loan authorizations.
- Opens Title and orders preliminary title reports as required; reviews title reports and makes changes as necessary.
- Reviews and accepts entity documentation such as articles, by-laws as well as partnership and LLC documents.
- Reviews initial and final recorded UCC searches.
- Ensures compliance and adherence to SBA Standard Operating Procedures (SOP) and bank credit policy.
- Verifies cash injection in accordance with bank and SBA requirements.
- Determines insurance requirements and obtains hazard/flood insurance as required.
- Obtains and reviews escrow instructions and estimated closing statements.
- Prepares and completes loan document requests; ensures that loans are documented correctly to ensure conformance with bank and SBA loan approvals and conditions.
- Coordinates closings with borrowers, title/escrow, and business development officers.
- Reviews executed closing documents to ensure all required signatures, notaries, and/or witness signatures are properly completed.
- Prepares accurate and complete loan boarding packages.
- Maintains accurate pipeline reports; meets monthly loan closing and loans in pipeline goals.
- Performs other duties as assigned.
Requirements
- Excellent verbal and written communication skills.
- Excellent organization skills.
- Proven experience working in a fast-paced, high volume, customer-centric environment.
- Effective time management and problem-solving skills with strong attention to detail and ability to demonstrate critical thinking.
- Ability to work both independently as a self-starter and in a collaborative team environment.
- Motivated and open to change.
- High school diploma or equivalent required.
- Minimum of two (2) years of banking or financial services industry experience.
- Detailed knowledge of loan closing documentation and requirements.
- Skilled in the operation of a personal computer, including Microsoft Word and Excel, and Google Apps.
Pay
Pay range for new hires is generally $32.30 - $35.32 per hour. Eligible for overtime pay in compliance with Federal, State, and Local regulations. In addition, the role is eligible for incentive payments.
Benefits
- Annual paid volunteer time off.
- Charitable-matching opportunities.