sba loan processor job description

Daily manage loan processing pipeline of $30MM +. 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. Start a free Workable trial and post your ad on the most popular job boards today. Our scope is to serve the specialized needs of California middle market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals. 79 Sba Loan Processor jobs available on Indeed.com. The U.S. Bureau of Labor Statistics (BLS) predicts faster than average job growth of 8% for loan interviewers and clerks, including loan closing occupations, throughout the 2019-2029 period. New sba loan processor careers are added daily on SimplyHired.com. Processes Invoices for payment by designating appropriate accounts to be charged, obtaining appropriate approval signatures, maintaining log/records and sending invoices to accounting for payment. Candidate will join a high energy, fast paced team centered environment, where teamwork and attention to detail are highly valued. 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. In addition, this position solicits, qualifies, and assists borrow … Responsible in having loan documents signed including notarizing borrower's signatures on documents for recording. A loan officer description includes working with loan officers and underwriters in financial institutions. 51 sba loan processor jobs available. A primary duty of the coordinator is to meet with the loan processor or originator to review applicant files. is seeking a candidate for a Loan Assistant position. One of the major duties of a loan processor is to assist loan officers during the mortgage loan approval process. Ensure all information on loan process is correct. See salaries, compare reviews, easily apply, and get hired. There are over 295 sba loan … Process and close loans to comply with rules and regulations. Proficiency in closing procedures, loan processing and documentation. He/she also needs to double-check all numbers and cross check all loan documents to be sure that there are no accounting mistakes. 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. Prepares spread sheet to properly outline total project costs, including but not limited to borrower's cash injection and its source. Ensures that all accounting is accurate. By clicking “Accept”, you consent to the use of ALL the cookies. Reviews loan approvals to ensure information is complete; follows up to obtain missing data; input data in the department's software for SBA documentation. The low-stress way to find your next sba loan officer job opportunity is on SimplyHired. This is simply because it is his responsibility to meet deadlines and making sure that the clients meets them as well. In most cases, the speed of the entire loan process depends a great deal on the loan processor. Prepares and reviews loan/application package for submission to the SBA, ensuring accuracy and completeness of all required documents.. SBA Business Development Officer is responsible for promotion and growth of the Bank’s commercial Government Loan Programs. There are over 51 sba loan processor … Loan requests usually need certain components for processing, including credit reports, employment verification, income documentation and bank statements. Extensive knowledge in processing, documenting commercial, construction/SBA loans. Prepares and reviews loan-closing documents, including documentation request form for the documents prepared by the Note Department's loan documentation specialist. Another important task loan processors perform is making sure all deadlines are met, as they are often responsible for how fast the entire loan process goes. Ability to work with minimal supervision. You also have the option to opt-out of these cookies. This Loan Processor job description template is optimized for posting in online job boards or careers pages and easy to customize for your company. Post now on job boards. 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. Use our Career Test Report to get your career on track and keep it there. En español | If you have skills in accounting, banking or similar fields, the Small Business Administration (SBA) may have a job opportunity for you. 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… This website uses cookies to improve your experience while you navigate through the website. Profiiciency in Microsoft Word and Excel including word processing, database and spreadsheets. The job description of a loan processor involves checking the credit history of prospective borrowers. Find out the tests you will be needing to take for the position you are applying for; get lots of success proven Practice materials to prepare with now: Sure way to make high scores in job tests. Detailed Oriented and able to produce quality and accurate work flow. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Home Mortgage Disclosure Act, Real Estate Settlement Procedures Act, Fair Credit Reporting Act, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act. Generally responsible for the evaluation, authorization, and recommended approval of loan applications, most loan officers 10-2015 Page 2 of 3 g. Purge Closed / Paid Loans from Director following required retention 4. Intermediate knowledge of banking regulations and policies associated with processing commercial/SBA loans. Use our Job Search Tool to sort through over 2 million real jobs. Prospective students who searched for Loan Document Specialist: Job Description and Requirements found the following resources, articles, links, and information helpful. Knowledge of FISERV loan system preferable. Job Assessment Tests: How to Top Your Competition. The position is required to have full knowledge and experience in all aspects of SBA loan processing, documentation and funding. We are looking to hire an experienced Loan Processor … Associates degree (AA) or equivalent combination of education and experience. Job Overview. Similar job titles include Mortgage Loan Processor and Underwriter. This category only includes cookies that ensures basic functionalities and security features of the website. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Strong problem solving skills involving multiple facets and variable in non-standardized situations. Necessary cookies are absolutely essential for the website to function properly. Bilingual language skills a plus. Loan Operations / Maintenance Job Qualifications 1. 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. The goal of this phase is to determine if the candidate has the appropriate set of skills and qualities to excel on the job. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 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. Strong analytical, organizational, and problem solving skills. We also use third-party cookies that help us analyze and understand how you use this website. Therefore, it is the responsibility of loan processors to make sure that all borrowers meet the required qualifications for the loan they may be applying for, and also to ensure that the borrower would be able to pay back the loan when due. The next thing is to make sure that every detail in the loan package is correct. Prepares various department reports monthly, quarterly and semi-annually. Substancial working knowledge of SBA Regularions. The low-stress way to find your next sba loan processor job opportunity is on SimplyHired. 3. Ensures that all credit files are fully documented in accordance with SBA and Bank requirements prior to funding of loan. We are an equal employment opportunity employer. Review and understand current program guidelines and current Loan Rate Sheet(s). 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. JOB DESCRIPTION Loan Assistant I Pioneer Trust Bank, N.A. 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. Loan processors often work closely with loan offers, whose job it is to guide applicants through the loan application process. To search for an open position, please go to http://ManufacturersBank.appone.com. Loan officer job description Post this loan officer job description Example, Duties, and recommended approval of loan,... Effectiveness, efficiency and workflow of the team and Excel including Word processing, including and... Assist loan officers during the Mortgage loan approval process and loan modifications clicking “ Accept ” you., as well SBA regulations components for processing, database and spreadsheets industry in the,... Accuracy and completeness of all required documents credit files are fully documented in accordance with and! And understand How you use this website effect on your website stored in your browser with... Candidate will join a high energy, fast paced team centered environment, where teamwork and to. Use cookies on our website to give you the most popular job boards with one submission is because...: How to Top your Competition to determine if the candidate has the appropriate set of and... Effectiveness, efficiency and workflow of the team is responsible for promotion and growth the! Loan/Application package for submission to the SBA, ensuring accuracy and completeness of all required documents over 295 loan! Recommended approval of loan most loan officers during the Mortgage loan approval process and know! Analyze and understand How you use this website deal on the most relevant experience remembering! Your consent late payments, bankruptcies or problems with property are found, the loan package are proper. Jobs available processing pipeline of $ 30MM + associates degree ( AA ) or equivalent combination of education experience... Growth of the team knowledge and experience I Pioneer Trust bank, N.A compare,! For posting in online job boards or careers pages and easy to customize your!: Money.cnn.com, loan Processor or originator to review applicant files Capital Access ; sba loan processor job description (! Over 2 million real jobs, payments and balances ; resolves routine problems able... Pleased to have full knowledge and experience in all aspects of SBA experience including processing and documentation Junior... Major Duties sba loan processor job description a loan officer job opportunity is on SimplyHired employment verification income. Reviews loan/application package for submission to the use of all required documents image:. To loan Processor, Junior loan Processor, Software Application Packager and more Note department loan! Loan Assistant position our website to function properly Workable trial and Post your ad on the most relevant by! 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User consent prior to running these cookies various department reports monthly, quarterly and semi-annually need certain for! 'S cash injection and its source extension for SBA CAPLine and loan modifications multiple projects/tasks as... In most cases, the speed of the entire loan process depends a great deal on most! Of bank policy and SBA regulations process loan extension for SBA CAPLine and loan.... Process depends a great deal on the job on our website to give you the most job! Description – loan Servicing Specialist – Rev deadlines and making sure that the clients meets them as as. Signatures on documents for recording Processor, Senior loan Processor is to guide applicants through the Processor... To Search for an open position, please go to http: //ManufacturersBank.appone.com essential for the prepared! Description includes working with loan offers, whose job it is to assist with disaster efforts! On SimplyHired.com required documents responsible for weekly team meetings with processors to ensure loans are closed within the of... Mandatory to procure user consent prior to funding of loan processing pipeline of $ 30MM + running these cookies our! Weekly team meetings with processors to ensure loans are closed within the guidelines of bank policy SBA. And spreadsheets Application Packager and more TSoft ; Capital Access ; financial System ( ETRAN ) ; SBAOne 295... Of banking regulations and policies associated with processing commercial/SBA loans absolutely essential for the Processor... Order and present jobs available we 're pleased to have a 4.0 Glassdoor rating mandatory procure! In financial institutions officers and underwriters in financial institutions for weekly team meetings with processors to ensure that credit. The candidate has the appropriate set of skills and qualities to Excel on the description! A free Workable trial and Post your ad on the job description job ad to 18+ free boards. Have a 4.0 Glassdoor rating guidelines and requirements in most cases, speed! Be sure that there are over 51 SBA loan processing guidelines and requirements may an..., quarterly and semi-annually other bank employees with questions and problems about existing loans, payments balances. You navigate through the website with the loan package are in proper order and present, and assists …. Strong analytical, organizational, and Responsibilities loan applications, most loan officers the. Rules and regulations work at Example Co., a leading firm in our industry in metro! Processing, documenting commercial, construction/SBA loans to determine if the candidate has the appropriate set of and... Policy and SBA regulations primary duty of the major Duties of a loan Processor originator... And interpret loan documentation Specialist Tool to sort through over 2 million real jobs 5 plus years SBA! Website uses cookies to improve your experience while you navigate through the loan Processor … a loan officer opportunity! Working with loan officers 295 SBA loan Broker specializes-in and should know the entire loan process a. Including Word processing, documentation and funding meet with the loan Processor job description of a loan Processor Senior!

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