SBA and USDA Loan Servicing Assistant
Centennial Bank, Tampa, FL, United States
Must Have The Following To Apply
High School Diploma or Equivalent
Two (2) years of experience
Administrative experience
Commercial Lender and/or SBA SOP experience
Basic: 10-Key, Accounting, Presentation/PowerPoint
Intermediate: Spreadsheet, Word Processing/Typing
Preferred
Working with multiple systems
SBA Experience/NAGGL Courses Certification
Skills
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents
Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry
Ability to define problems, collect data, establish facts, and draw valid conclusions
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables
Required Screenings Background Checks; Credit Checks.
Job Description The SBA and USDA Loan Servicing Assistant position is responsible for assisting the Loan Servicing Specialist and Portfolio Managers with daily tasks and responsibilities to maintain the integrity of the SBA and USDA loans, annual reviews and additional reporting requirements. This position must remain aware of and adhere to established policies and procedures, while ensuring alignment with bank and government regulations (SBA and USDA).
Generate due diligence reports (Credit, LexisNexis) and gather any supporting documentation needed to complete origination loan packaging, closing, and annual reviews.
Provide customer service to borrowers, lenders, and SBA Portfolio Managers, including answering inquiries related to loan files, account balances, and payoff requests for SBA 7a and USDA BandI loans.
Prepare and generate annual review notices for both borrowers and guarantors, requesting updated financial statements, and upload the received documents to the shared loan file and nCino for the Portfolio Manager's review.
Submit new loan requests into the Capital Access Financial System (E-Tran) to obtain SBA Terms and Conditions, and perform system updates for any loan modifications or servicing actions as needed.
Prepare and submit notices to the borrower for late payments, collection, default, and liquidation.
Contact the Loan Officer/BDO or the Collateral Site Inspection vendor to perform required site inspections for all loans more than 50 days past due, and to conduct annual site inspections as required by the SBA Standard Operating Procedure (SOP).
Assist and provide back-up to the SBA and USDA Loan Servicing Specialist in the preparation of Guidehouse 1502 reporting.
Track and resolve technical exceptions.
Order valuation updates and real estate appraisals for collateral assets.
Assist the SBA and USDA Loan Servicing Specialist with assigned tasks, as needed.
Assist Portfolio Managers with the preparation of loan servicing actions, E-Tran servicing adjustments, tracking tickets, and maintaining pipeline reports.
Prepare Liquidation Packages (Repurchase Guaranty submissions) for Portfolio Manager review.
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High School Diploma or Equivalent
Two (2) years of experience
Administrative experience
Commercial Lender and/or SBA SOP experience
Basic: 10-Key, Accounting, Presentation/PowerPoint
Intermediate: Spreadsheet, Word Processing/Typing
Preferred
Working with multiple systems
SBA Experience/NAGGL Courses Certification
Skills
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents
Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry
Ability to define problems, collect data, establish facts, and draw valid conclusions
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables
Required Screenings Background Checks; Credit Checks.
Job Description The SBA and USDA Loan Servicing Assistant position is responsible for assisting the Loan Servicing Specialist and Portfolio Managers with daily tasks and responsibilities to maintain the integrity of the SBA and USDA loans, annual reviews and additional reporting requirements. This position must remain aware of and adhere to established policies and procedures, while ensuring alignment with bank and government regulations (SBA and USDA).
Generate due diligence reports (Credit, LexisNexis) and gather any supporting documentation needed to complete origination loan packaging, closing, and annual reviews.
Provide customer service to borrowers, lenders, and SBA Portfolio Managers, including answering inquiries related to loan files, account balances, and payoff requests for SBA 7a and USDA BandI loans.
Prepare and generate annual review notices for both borrowers and guarantors, requesting updated financial statements, and upload the received documents to the shared loan file and nCino for the Portfolio Manager's review.
Submit new loan requests into the Capital Access Financial System (E-Tran) to obtain SBA Terms and Conditions, and perform system updates for any loan modifications or servicing actions as needed.
Prepare and submit notices to the borrower for late payments, collection, default, and liquidation.
Contact the Loan Officer/BDO or the Collateral Site Inspection vendor to perform required site inspections for all loans more than 50 days past due, and to conduct annual site inspections as required by the SBA Standard Operating Procedure (SOP).
Assist and provide back-up to the SBA and USDA Loan Servicing Specialist in the preparation of Guidehouse 1502 reporting.
Track and resolve technical exceptions.
Order valuation updates and real estate appraisals for collateral assets.
Assist the SBA and USDA Loan Servicing Specialist with assigned tasks, as needed.
Assist Portfolio Managers with the preparation of loan servicing actions, E-Tran servicing adjustments, tracking tickets, and maintaining pipeline reports.
Prepare Liquidation Packages (Repurchase Guaranty submissions) for Portfolio Manager review.
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