SBA Loan Servicing Specialist

SBA Loan Servicing Specialist

Job Locations

US-MN-Eagan

Category / Function

Lending / Commercial / Consumer / Credit

Position Type

Regular Full-Time

Requisition ID

2025-17833

Workplace Type

On Site

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

We are currently seeking a SBA Loan Servicing Specialist that will support the entire SBA loan portfolio and work together with all internal and external partners through the post-closing loan lifecycle. They will partner with the client, the SBA, the SBA Operations Team and the Special Assets Group with the preparation and review of SBA loan servicing requests, ongoing Servicing requirements and modification requests. The SBA Loan Coordinator is responsible for guiding the Relationship Manager and ONB Client through the SBA servicing Process through effective communication and facilitation. The SBA Loan Servicing Specialist is also responsible for working with the Operations team to ensure Client's compliance with the stated program requirements outlined in the SBA's Standard Operating Procedures (SOP) on servicing actions.

Key Accountabilities

Work with internal and external Clients to prepare a complete SBA Loan servicing application, review supporting documentation and eligibility.

• The spreading of financial statements, analyzing financials of the borrower and guarantors, and collateral analysis among other items following the guidelines as established by the SBA Standard Operating Procedures (SOP)
• Respond to RM and Client questions on program requirements and allowable servicing actions.
• Order 3rd party reports in compliance with SBA requirements. Includes but not limited to Business Valuations, Appraisals, Environmental due diligence.
• Assess credit risk pertaining to requests for new or renewals of existing loans to new or existing customers, primarily through the analysis of financial statements, credit history and collateral documentation.
• Responsible for staying abreast of SOP changes and maintaining a proficiency in the SBA's SOP requirements and Bank Policies
• Maintain productive and effective relationships with the SBA Operations Team, other Bank lines of business and support groups.

Key Competencies for Position

Makes Decisions & Solves Problems - Seeks deeper understanding and takes action.

Strategy in Action - Build your strategic mindset capability.

Compelling Communication - Openly and effectively communicates with others.

Personifies ONB Culture - Demonstrates pride in ONB.

Qualifications and Education Requirements

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific position

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!

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If you're qualified for a position but need additional help with the application because of a disability, please email HRservices@oldnational.com (This email will respond to accommodation requests only.)