Essential Duties and Responsibilities
Obtains required documentation and processes all small business loan packages.
Inputs loan data into settlement and SBA systems for setup and activation.
Coordinates settlements with customers for purchase of SBA loans.
Prepares settlement packages for funding.
Prepares monthly loan certificate inventory.
Processes and posts all SBA loan principal and interest payments.
Processes and posts loan payoffs.
Balances SBA loan transfer fees.
Perform Reconciliation for P & I payments between the investors and originator.
Customer service liaison for safekeeping accounts.
Escalates more complex service issues to seasoned associates.
Performs analysis for safekeeping statements.
Performs other duties and responsibilities as assigned.
Knowledge of
Basic technical concepts, practices and procedures of small business loan documentation and processing.
Fundamental principles of banking and finance.
Financial markets and products.
SBA Underwriting guidelines and regulations.
Federal and State lending laws.
Loan software packages.
Skill in
Processing the loan packages.
Verifying loan packages and supporting documents.
Preparing loan settlement packages.
Performing loan calculations.
Operating standard office equipment and using required software applications, including Microsoft Office with an emphasis on Excel.
Mass communication distributions.
Ability to
Read, interpret, analyze and apply information from loan package documents.
Interpret and apply policies.
Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
Communicate effectively, both orally and in writing.
Work independently.
Establish and maintain effective working relationships.
Maintain currency in loan processing policies and procedures.
Education/Previous Experience
Associate's Degree and one (1) to three (3) years of small business loan processing experience.
~or~
An equivalent combination of education, training or experience.
Obtains required documentation and processes all small business loan packages.
Inputs loan data into settlement and SBA systems for setup and activation.
Coordinates settlements with customers for purchase of SBA loans.
Prepares settlement packages for funding.
Prepares monthly loan certificate inventory.
Processes and posts all SBA loan principal and interest payments.
Processes and posts loan payoffs.
Balances SBA loan transfer fees.
Perform Reconciliation for P & I payments between the investors and originator.
Customer service liaison for safekeeping accounts.
Escalates more complex service issues to seasoned associates.
Performs analysis for safekeeping statements.
Performs other duties and responsibilities as assigned.
Knowledge of
Basic technical concepts, practices and procedures of small business loan documentation and processing.
Fundamental principles of banking and finance.
Financial markets and products.
SBA Underwriting guidelines and regulations.
Federal and State lending laws.
Loan software packages.
Skill in
Processing the loan packages.
Verifying loan packages and supporting documents.
Preparing loan settlement packages.
Performing loan calculations.
Operating standard office equipment and using required software applications, including Microsoft Office with an emphasis on Excel.
Mass communication distributions.
Ability to
Read, interpret, analyze and apply information from loan package documents.
Interpret and apply policies.
Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
Communicate effectively, both orally and in writing.
Work independently.
Establish and maintain effective working relationships.
Maintain currency in loan processing policies and procedures.
Education/Previous Experience
Associate's Degree and one (1) to three (3) years of small business loan processing experience.
~or~
An equivalent combination of education, training or experience.