Loan Specialist - SBA

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.

• 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.

• 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.

• 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.

• Associate's Degree and one (1) to three (3) years of small business loan processing experience.
• An equivalent combination of education, training or experience.