Job Description

SAVIBANK is seeking a confident, experienced individual to fill a vital role in our SBA Department as a SBA Loan Processor Are you interested in using your years of experience in SBA and loan processing at a growing local community bank?If so, please read on!

This SBA Loan Processor position offers a COMPETITIVE SALARYbased on experience. We offer an employer-paid MEDICAL, DENTAL, VISION, LIFE, LTD, MANY VOLUNTARY ADDITIONAL BENEFIT OPTIONS, AS WELL ASA 401(K) PLAN WITH A 100% MATCH OF THE FIRST 3% AND A 50% MATCH ON THE NEXT 4% AND 5% CONTRIBUTIONS, PAID TIME OFF (PTO) AND PAID HOLIDAYS. If this sounds like the opportunity that you've been looking for, apply today!

ABOUT SAVIBANK

We are a full-service community bank that believes in being honest in all we do, having integrity in all our dealings, showing respect for all with whom we work and do business and daily work to foster collaboration and communication so that we positively work together to achieve common goals.

To continue serving our customers at the highest level, we are working hard to become "the place to work." We provide STABLE EMPLOYMENT, FAIR COMPENSATION, and CAREER PATH OPPORTUNITIES for our employees with UPWARD MOBILITY.

JOB SUMMARY:

This position assists commercial loan customers, the SBA Department, and Lenders in processing and closing government-guaranteed commercial loans. This position will prepare loan closing documents for all collateral types, maintain documentation requirements to ensure the guaranty, work closely with commercial Lenders, and provide training and support to Credit Assistants with government-guaranteed loan requests.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Works directly to process and close the most complex SBA/USDA loan requests
• Analyzes loan approvals ensuring proper documentation required based on the loan product
• Order and analyze preliminary title commitments and UCC searches and work to resolve any issues
• Order and analyze flood determinations, environmental reports, 4506-T verifications, and any other items necessary for the credit file
• Review business entity documentation to ensure borrowing structure
• Prepare SBA authorizations for PLP loans or Standard loans, prepare and submit application documents to the SBA
• Using LaserPro, SBA Lending Solutions, SageWorks, and approved Word documents as needed to prepare loan documents according to credit approval. Ensure all closing conditions are met and that loans are closed within timeframes that are consistent with exceptional customer service
• Prepare loan closing documents through the LaserPro system
• Disburse loan funds per the SBA authorization and credit approval
• May perform quality control review of the other SBA Credit Assistant's loan files for accuracy of loan documentation
• Assist with loan closing and signings by answering questions as needed. On occasion, may be asked to travel to attend loan closings to help facilitate the signing of documents
• Ensure loan payments and advances are completed per loan approval, including any needed correspondence with the Credit Administration Officer and their department on construction draws. Follow disbursements until the loan is fully funded.
• Provide SBA training and support to the other credit assistants
• Scan documentation into the Bank's imaging system in a timely manner
• Process guaranty fee payments with the SBA
• Assist with maintenance and managing exception reports, maturing loan reports, and servicing requests
• Maintain a working knowledge of and compliance with all federal banking regulations and the SBA Standard Operating Procedures
• Other duties as assigned

AAP/EEO STATEMENT

SAVIBANK PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL INDIVIDUALS REGARDLESS OF THEIR RACE, COLOR, CREED, RELIGION, GENDER, AGE, sexual orientation, NATIONAL ORIGIN, DISABILITY, VETERAN STATUS, OR ANY OTHER CHARACTERISTIC PROTECTED BY STATE, FEDERAL, OR LOCAL LAW.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

JOB POSTED BY APPLICANTPRO