SBA Eligibility Review Officer III

Description

Summary :

The SBA Eligibility Review Officer III is responsible for reviewing SBA & USDA guaranteed business loans to determine proper structure and ensure loan closes in accordance with SBA & USDA eligibility requirements.

Duties and Responsibilities :

• Serves as the subject matter expert in SBA Servicing procedures and acts as a consultant on government guaranteed loan programs to sales, underwriting, and closing colleagues throughout the HNB markets.
• Maintains an individual pipeline of work, with loans typically of advanced complexity and customer exposure up to $5 million.
• Appropriately assess eligibility of borrower(s), co-borrower(s), guarantor(s) assuring that, if needed, the SBA guarantee can be enforced.
• Interacts with the internal SBA Sales and Operations colleagues to facilitate understanding of the SBA and USDA guaranteed loan programs as well as to understand the credit request, obtain necessary eligibility information, and communicate eligibility decision and reasoning.
• Reviews use of proceeds, orders SBA Number, prepares SBA Loan Authorization and other SBA forms and is responsible for ensuring the loan meets all SBA / USDA requirements.
• Reviews all reports and information received with respect to SBA / USDA eligibility requirements to determine if terms and conditions of the SBA credit approval will be met.

This includes review of franchise agreements, purchase agreements, bank notes, and business plans.

• Researches and resolves complex servicing questions from the SBA and internal personal to ensure the guaranty can be maintained.
• May be asked to advise Financial Recovery Group (FRG)) colleagues in properly working out, liquidating, and litigating SBA loans.

May also be required to submit final wrap up reports to the SBA once resolution has been made.

• May serve as main point of contact to commercial loan servicing colleagues to ensure proper accounting and reporting of all SBA loans (1502 Report).
• Assists with training and mentoring new hires as well as providing support for the SBA ERO I & SBA ERO II job families.
• Performs other tasks as needed to support the line of business and job family.
• Other duties as assigned.

Basic Qualifications :

Bachelor’s Degree and a minimum of 7 years of direct SBA / USDA lending / due diligence experience or 5 years of HNB SBA / USDA lending / due diligence experience.

Preferred Qualifications :

• Bachelor’s Degree in Finance, Accounting, Business or Economics.
• Knowledge of the SBA Standard Operating Procedures (SOP).
• Ability to clearly document and communicate eligibility conditions to close in accordance with the SBA Standard Operating Procedures.
• Ability to work in a fast-paced production environment.
• Strong organizational skills, attention to detail, and the ability to multi-task.
• Demonstrates confidence, assertiveness, professionalism, and ability to interact with all levels within the organization in a professional manner.
• Knowledge of SBA / USDA loan programs.
• TSoft and SBA Etran experience are preferred.
• Excellent PC skills to include Excel, Word, Outlook, AFS and Velocity.
• Excellent verbal and written communications skills to effectively provide exceptional customer service to both internal and external customers.
• Excellent analytical skills along with the ability to write in a concise, logical manner to clearly document transaction risks and mitigants.

Exempt Status : (Yes not eligible for overtime pay) ( No eligible for overtime pay)

Workplace Type : Remote

Remote

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

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