SBA Loan Processor

MRINetwork
San Jose, CA
Permanent

RESPONSIBILITIES :

  • Compile and scan all credit, financial and documentation files.
  • Open Escrow / Order Preliminary Title reports.
  • Order all third-party vendor reporting needs including, but not limited to Flood Certifications, business & personal credit reports, UCC Searches, 4506 Tax Transcripts.
  • Request SBA loan authorization through eTran or other means.
  • Submit and coordinate SBA loan submissions, including application input through E-tran Prepare loan docs through LaserPro and Lending Solutions and review to ensure accuracy.
  • Manage loan pipeline and provides timely follow-up with key internal and external parties.
  • Reviews loan application file to verify that application data is complete and meets establishment standards, including type and amount of loan, borrower assets and liabilities.
  • Verifies accuracy of information provided.
  • Works closely with all parties to assist in timely processing, credit approval, and closing of new loan requests.
  • Works closely with the Loan Operations Funding Department to ensure SBL procedures are followed in the closing and funding of the loans.
  • May be asked to provide secondary support for various SBA loan servicing and liquidation activities including preparing documentation required to liquidate loans including default letters, requests to file Notices of Default and coordinates guaranty repurchase with SBA.

REQUIREMENTS :

  • Minimum 5 years experience as a loan processor and servicing SBA loans.
  • Knowledge of all required financial and collateral documentation for various loan types.
  • Knowledge of various legal entity borrowing structures such a Limited Liability Companies, Corporations, Partnerships, Tenant in Common structures, etc.
  • Knowledge of required reviews and verifications through the Secretary of State, etc. and the type of entity documentation required for each type.
  • Knowledge of Flood Insurance Compliance and required documentation. Knowledge of Environmental Reports such as EDR and Phase I.
  • Knowledge of all related compliance concerns for Income Property lending, including, but not limited to Reg. B monitoring, Withdrawn and Declined Procedures, etc.
  • Knowledge of Loan Closing processes and required documentation

For further consideration regarding this and / or other opportunities please inquire confidentially to or call . All inquiries held in strict confidence.

Thank you for your interest.

30+ days ago
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