Loan Analysis Support. Effectively manage a team of SBA loan processor and SBA operations personnel with a total department loan portfolio of $235MM in SBA loans. In addition, this position solicits, qualifies, and assists borrow … Loan Processors perform various functions, including checking and verifying prospective borrowers’ credit history. Loan Processor Resume Examples. Start a free Workable trial and post your ad on the most popular job boards today. Job Description – Loan Servicing Specialist – Rev. Put simply, an SBA loan is a small business loan that is partially guaranteed by the government (the Small Business Administration), which eliminates some … The low-stress way to find your next sba loan processor job opportunity is on SimplyHired. Prepares and reviews loan/application package for submission to the SBA, ensuring accuracy and completeness of all required documents.. Primary duties include processing and … Necessary cookies are absolutely essential for the website to function properly. Coordinates and works with account officers, the Bank's legal counsel, Loan Documentation Unit, Loan Operation Unit and other areas of the bank, as necessary. Job Overview. Assists customers and other bank employees with questions and problems about existing loans, payments and balances; resolves routine problems as able. Reviews loan approvals to ensure information is complete; follows up to obtain missing data; input data in the department's software for SBA documentation. Prospective students who searched for Loan Document Specialist: Job Description and Requirements found the following resources, articles, links, and information helpful. Generally responsible for the evaluation, authorization, and recommended approval of loan applications, most loan officers These cookies do not store any personal information. It is part of the loan processor’s job description to enter all of the borrower’s details into the system, but he/she must first make sure that it is all correct. GS-11: One year of specialized experience, equivalent to the GS-09 grade level in the Federal service, obtained in either the private or public sector as a loan processor, underwriter, financial analyst, portfolio manager, or other like position with responsibility for making repayment and other eligibility recommendations about the loan application package. Proficiency in credit and approval processes. The position is required to have full knowledge and experience in all aspects of SBA loan processing, documentation and funding. Superb organizational and time management skills. Make quality judgment and interpret loan documentation received in files. 85 Sba Processor jobs available on Indeed.com. Prepares closing settlement sheets showing the total disbursement on the loan including an accounting of loan costs owed by the borrower, those previously paid and held in the "Loan Fees Collected in Advance" general ledger. Intermediate knowledge of banking regulations and policies associated with processing commercial/SBA loans. When it comes to processing loans for individuals, such as mortgages, refinances or auto loans, the loan processor role and responsibilities include examining loan applications, ordering credit reports and examining credit history, verifying income and figuring debt-to-income ratio. The next thing is to make sure that every detail in the loan package is correct. Ability to work with minimal supervision. These cookies will be stored in your browser only with your consent. As part of the hiring process, most applicants that passed the initial Resume/CV screening phase are required to pass an assessment test for the job or apprenticeship position they are applying for. Manufacturers Bank was formed by a group of banking entrepreneurs in June, 1962. This Loan Processor job description template is optimized for posting in online job boards or careers pages and easy to customize for your company. This position is currently not accepting applications. 10-2015 Page 2 of 3 g. Purge Closed / Paid Loans from Director following required retention 4. Review and understand current program guidelines and current Loan Rate Sheet(s). All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. You also have the option to opt-out of these cookies. Strong analytical, organizational, and problem solving skills. Job Assessment Tests: How to Top Your Competition. The SBA Senior Loan Processor is responsible for administration and performing duties related to processing, packaging, closing and funding all SBA loans, ensuring that loans fully comply with SBA and Bank regulations. is seeking a candidate for a Loan Assistant position. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This is simply because it is his responsibility to meet deadlines and making sure that the clients meets them as well. Candidate will join a high energy, fast paced team centered environment, where teamwork and attention to detail are highly valued. Come work at Example Co., a leading firm in our industry in the metro area. Loan Processors, also known as Loan Interviewers or Clerks, collect information in order to complete a loan for a customer, including their income and financial statements. Responsible in obtaining division's searches for SBA and BBC, including but not limited to Experian, OFAC, Lexis/Nexis, Diligenz, SAMS, CAIVRS, Flood determination, ordering for 4506-tax return transcripts/verifications, etc. Post now on job boards. While commercial clients often interact prominently with the loan officer, loan processors may undergo extensive client contact, such as following up on required information, clarifying or asking questions or soliciting further data. Knowledge of FISERV loan system preferable. Prepares various department reports monthly, quarterly and semi-annually. Proficiency in closing procedures, loan processing and documentation. Responsible in having loan documents signed including notarizing borrower's signatures on documents for recording. There are over 51 sba loan processor … Accurately input data into system as needed. Associates degree (AA) or equivalent combination of education and experience. There are over 295 sba loan … But opting out of some of these cookies may have an effect on your browsing experience. En español | If you have skills in accounting, banking or similar fields, the Small Business Administration (SBA) may have a job opportunity for you. See salaries, compare reviews, easily apply, and get hired. Bilingual language skills a plus. 295 sba loan officer jobs available. As a result, they have an ample opportunity to provide an explanation on the state of the credit issues, or dispute them in case they are incorrect. Prepares and process loan extension for SBA CAPLine and loan modifications. The SBA is hiring temporary employees to assist with disaster relief efforts. Loan Operations / Maintenance Job Qualifications 1. Similar job titles include Mortgage Loan Processor and Underwriter. This category only includes cookies that ensures basic functionalities and security features of the website. Excellent oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees. SBA Loan Officer I (“LO”) is responsible for the underwriting, documentation, processing, and maintenance of lending products and loan files…JOB RESPONSIBILITY AND DUTIES: Under supervision, underwrite SBA guaranteed loan products, primarily 7a and 504 loans following… Ensures that all accounting is accurate. GENERAL SUMMARY The SBA Senior Loan Processor is responsible for administration and performing duties related to processing, packaging, closing and funding all SBA loans, ensuring that loans fully comply with SBA and Bank regulations. If any credit issues such as late payments, bankruptcies or problems with property are found, the loan processor … If he can verify and acquire all of the necessary documents quickly, they can be keyed into the database and then forwarded to the appropriate party as quickly as possible. Strong problem solving skills involving multiple facets and variable in non-standardized situations. Detailed Oriented and able to produce quality and accurate work flow. Use our Job Search Tool to sort through over 2 million real jobs. A loan officer description includes working with loan officers and underwriters in financial institutions. To search for an open position, please go to http://ManufacturersBank.appone.com. Must be willing to constructively contribute to the department. The job description of a loan processor involves checking the credit history of prospective borrowers. SBA loans are essentially conventional loans provided by banks, community lenders, credit unions and non-profit lenders provided to small business and are backed by the Small Business Administration. 2. Because an employer’s brand may be a deciding factor as to whether individuals apply, you should present the institution in a good light and promote its reputation, values, and image in the financial industry. 5 plus years of SBA experience including processing and servicing commercial/SBA loans. Participate in the effectiveness, efficiency and workflow of the team. The first thing he/she does is to look at the potential borrower’s credit history so as to make sure that they are a good credit risk. Prepares spread sheet to properly outline total project costs, including but not limited to borrower's cash injection and its source. Extensive knowledge in processing, documenting commercial, construction/SBA loans. Loan Processor Job Description Example, Duties, and Responsibilities The job description of a loan processor involves checking the credit history of prospective borrowers. Profiiciency in Microsoft Word and Excel including word processing, database and spreadsheets. Loan requests usually need certain components for processing, including credit reports, employment verification, income documentation and bank statements. SBA Loan Processors earn $40,000 annually on average, or $19 per hour, which is 48% less than the national average for all working Americans.Our data indicates that the best paid SBA Loan Processors work for Temecula Valley Bank at $38,000 annually while the lowest paid SBA Loan Processors work for US Bank earning approximately $37,000 each year. 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