Senior SBA Loan Processor

About the role

The SBA Loan Processor is responsible for managing the entire lifecycle of SBA and government-guaranteed loan transactions from approval through documentation, closing, funding, loan boarding, collateral perfection, and post-closing follow-up.

Responsibilities

• Serve as the primary owner of the SBA loan processing lifecycle, independently managing processing, documentation, closing, funding, loan boarding, collateral perfection, and post-closing follow-up for assigned transactions.
• Process all types of purchase and refinance transactions, including real estate acquisitions, business acquisitions, stock purchases, FF&E purchases, tenant improvements, remodels, and related transactions.
• Conduct comprehensive reviews of digital loan files, including all application documentation, to ensure accurate compilation, naming conventions, verification, and analysis of information pertaining to borrowers, owners, and guarantors.
• Prepare needs ("Please Provide") list and required bank forms for approved loans.
• Provide detailed updates to the SBA Lending Pipeline Status Report and Abrigo Workflow, ensuring all milestones and tasks remain current and accurate.
• Review SBA and USDA loan application packages for completeness and accuracy in order to compile and submit for approval through CAFS eTrans or with the USDA.
• Independently identify, research, and resolve documentation, collateral, title, insurance, and compliance issues, escalating exceptions or policy concerns to management when necessary.
• Prepare Lender Escrow Instructions (“LEI”) for any purchase transaction for real estate, business acquisition and/or stock purchase transactions.
• Coverage with escrow officers, title companies, insurance carriers, borrowers, brokers, and other third parties to verify lien positions, collateral requirements, and compliance with SBA Authorization requirements, and obtain authorization for loan disbursement.
• Utilize LaserPro and other systems to prepare final loan documentation and review documents for accuracy prior to submission for Operations Manager review and loan signing.
• Coordinate loan signing via escrow or bank office, obtain scan, review and cure any missing initials or signatures.
• Prepare and file UCC-1 Financing Statements through Lien Solutions and follow up to obtain filed UCC-1s and UCC-11 search results reflecting lender lien position. Follow up on all documentation required to perfect collateral, including recorded real estate documents for both commercial and residential real estate, title insurance policies, DMV titles, life insurance assignments, and original recorded documents.
• Prepare loan file memorandums documenting clarifications, exceptions, and supporting information.
• Any amendments to approved loan terms, conditions, or use of proceeds must be processed through Underwriting.
• Prepare funding keyboard entries on Precision and prepare Wire Request on wire platform, compiling a transaction (“TXS”) pdf with all data required for review and approval.
• Prepare closing costs keyboard entries and FASB for 504 loans on Precision, compiling a transaction (“TXS”) for review and approval.
• Audit newly boarded loan data in the Precision system for accuracy against Boarding Data Sheet and SBA terms and conditions. Enter and maintain ticklers in Precision.
• Prepare welcome packages for newly booked loans. Monitor and follow up on post-closing ticklers to ensure timely receipt and clearance of outstanding items.
• Respond promptly and professionally to borrower inquiries regarding new and existing SBA loans, and to Business Development Officers (BDOs) regarding clients and loans in process, ensuring timely follow-up through resolution.
• Perform additional duties as assigned that are consistent with the business needs of the Bank and the scope, responsibilities, and level of the role.

Requirements

• Bachelor’s Degree (B.A.) or a minimum of five (5) years of directly related SBA lending, processing, closing, or operations experience.
• Minimum of three (3) years of current, hands-on experience using LaserPro to prepare SBA closing documentation.
• Experience with the LaserPro SBA Workflow module is preferred.
• Ability to read, analyze, comprehend, and interpret business publications, professional journals, technical procedures, loan documentation, and government regulations.
• Ability to prepare reports, business correspondence, and procedural documentation and effectively present information to management, clients, and external partners.
• Ability to calculate and analyze figures and amounts, including interest, percentages, ratios, and loan-related calculations.
• Ability to apply mathematical concepts necessary to support lending and operational functions.
• Ability to apply sound judgment and critical thinking in carrying out written, oral, and diagram-based instructions and in resolving issues involving multiple variables in standard situations.
• Strong organizational, time management, and project management skills with exceptional attention to detail and accuracy.
• Excellent verbal and written communication skills and the ability to build effective working relationships with borrowers, Business Development Officers, underwriters, escrow officers, title companies, attorneys, insurance agents, and other third parties.
• Working knowledge of commercial bank operations, SBA lending programs and procedures, USDA lending programs, title and escrow processes, collateral perfection requirements, UCC filings, insurance requirements, and loan servicing functions.
• Prior SBA lending training through NAGGL, Bankers Compliance Group, or similar industry-recognized training programs required.
• Ability to work independently with minimal supervision based on demonstrated SBA lending experience.
• Ability to manage multiple complex loan transactions simultaneously while maintaining service standards and meeting critical deadlines.