Loan Specialist

Loan Specialist

Some of your typical work assignments may include:

• Analyzes financial statements of obligors and endeavors to determine their prospects for continued payment on consumer and commercial loans in connection with modifications of payments or other loan terms. Works closely with financial institutions and other commercial entities.
• Prepares written credit recommendations and obtains supervisory approval on a variety of collection as well as real estate transactions.
• Prepares written recommendations for charge‑off actions on consumer and commercial loans where all collateral has been disposed of or where SBA determines that further liquidation of collateral is not economically feasible. Reviews charged off consumer and commercial loans that are subject to periodic review to endeavor to discover assets that may be available.
• Reviews routine and standard consumer and commercial loan documents and determines SBA's rights in the collateral. Inventories collateral to assure that all pledged property is available or duly accounted for. Obtains appraisals and liquidating value of the inventoried property.
• Investigates and determines financial responsibility of obligors who may be liable for the payment of indebtedness for use in connection with recommending collection procedures, or legal action to enforce payment.