NB- SBA Loan Specialist

Northfield Bank is a full service bank with 38 branch locations throughout New Jersey; and Staten Island and Brooklyn, New York. With a history dating back to 1887, our growth continues through expansion of our presence in local communities and in our Product and Service offerings. Over 300 employees with diverse backgrounds and cultures have come together to make Northfield Bank what it is today.

The Bank believes in providing all employees with the opportunity to reach their career potential and encourages advancement within the organization. For more information, please visit

SBA Loan Specialist

Location: Rahway, NJ

Job Status: Full-Time

Primarily will be responsible for supporting and coordinating all aspects of commercial and real estate loan closings and loan portfolio management. Daily responsibilities will include but not limited to supporting Relationship Managers, Portfolio Managers and Team Leaders for loans within the portfolio and new loan originations through loan inputs, payment processing, reviewing, scanning, and uploading files at closing, maintaining loan pipeline and files, etc.

• Process all new loan requests (i.e. credit reports, flood searches, OFAC, Lexis-Nexis, tax searches, Relationship work ups, 4506T, UCC searches, municipal searches, collateral searches, other property searches and any additional reports related to loan requests)
• Enter loans into origination system
• Organise, scan, and maintain all loan files for the department throughout life of loan
• Contact applicants to request any required outstanding documentation
• Order all appraisals, environmental and engineer reports and monitor progress until completion
• Track all fees and good faith deposits collected
• Prepare documentation required to obtain commitment letters from Closing Dept., review commitments for accuracy, and monitor all stages until loan closes
• Coordinate closings with the attorneys and prepare final Bank paperwork for loan origination
• Verify that loans are input into Bank core processing system correctly
• Maintain all construction files and monitor builders risk insurance, permits and title continuations
• Order all site inspections
• Prepare and submit invoices for processing
• Prepare all documentation for construction advances and line of credit advances and paydowns
• Assist Portfolio Manager with all Department Internal Reports including but not limited to past due reports, monthly loan trial balance, new loans closed, pay offs and deposit reports
• Follow-up with borrowers on post-closing loan undertakings and escrows
• Handle and service customers with any telephone inquiries regarding new and existing accounts (ACH payments, wire transfers, deposit and loan balances, releases, payoff letters, tax issues, insurance, etc.)
• Adhere to Bank policies and procedures
• Perform other duties as assigned

An individual may be hired as or promoted to a Senior level based on their level of experience and expertise in the job responsibilities at the discretion of the hiring manager, executive sponsor and/or HR.

Primarily will be responsible for supporting and coordinating all aspects of SBA loan servicing. Daily responsibilities will include but not limited to the oversight and review of SBA loans, input or callback of loan servicing activities such as payment processing, reviewing, scanning, and uploading files at closing, maintaining loan pipeline, reviewing and obtaining expired insurance, preparing files that have been paid in full, etc.

• Process loan payoffs and complete tasks on related checklists including but not limited to collateral release, member communication, and servicing
• Review various loan reports and related documentation on a daily, weekly, and monthly basis to ensure accuracy of information recorded in the core lending system.
• Ensure accurate report retention
• Prepare loan documentation for audits, regulatory and other loan reviews
• Review, scan, and upload files at closing
• Maintain E-Tran procedures, perform service requests, and obtain authorizations
• Prepare files that have been paid in full
• Adhere to Bank policies and procedures
• Perform other duties as assigned

• Productivity – Generates high levels of output. Consistently meets workload demands. Consistently meets deadlines. Efficient at multi-tasking and demonstrates organization skills. Strives for results and efficiency.
• Analytical Skills – Ability to take large volumes of data and then analyze trends and produce a result. Ability to break down complex problems into simpler, more manageable components. Ability to gather all information necessary to solve a problem, recognize underlying issues based on data and trends, and organize all relevant information to provide insight and ideas on how to draw appropriate conclusions that will help solve the problem.
• Accuracy – Ensures that work is complete and without error.…