SBA Loan Administrator

United States·IrvineNormalmid

Other

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Quick Summary

Requirements Summary

flood certifications, business and personal credit reports, 4506 Tax Transcripts, and OFAC checks. Prepares documents and correspondence for reports as required,

Technical Tools

Other

Responsibilities

~2 min read

→Reviews loan application files to verify that application data is complete, accurate, and meets standards established by loan policy and SBA guidelines.
→Understands the SBA requirements for SBA eligibility according to the most recent Standard Operating Procedures (SOP) as published by the SBA. Remains current on pending and proposed regulatory changes affecting compliance and SOP with SBA.
→Manages process for, but not limited to, the following: flood certifications, business and personal credit reports, 4506 Tax Transcripts, and OFAC checks.
→Prepares documents and correspondence for reports as required, following approved policies and procedures.
→Prepares the SBA submission package and ensures all submission items have been obtained and are current.
→Requests SBA loan approval through E-Tran or other means. Clears compliance codes as needed.
→Works with Commercial Loan Documentation to request accurate loan documents reflecting correct borrower, collateral, and SBA language.
→Works with escrow and title companies to meeting closing timelines. Orders, tracks, and reviews all title work to ensure Bank’s lien position. Collaborates with servicing group in funding and boarding of SBA loans to core system.
→Assists with the closing of loans by preparing loan closing documents and related materials as needed.
→Reviews for errors and prepare recommendations to correct errors that could potentially put the Bank at risk for losing an SBA guaranty or obtaining penalties.

→Serve as an SBA subject matter expert by maintaining a thorough understanding of SBA eligibility requirements and ensuring adherence to the most current Small Business Administration (SBA) Standard Operating Procedures (SOP).
→Stay informed of regulatory changes impacting SBA lending and compliance requirements.
→Review SBA loan documentation for accuracy and identify potential compliance risks.
→Recommend corrective actions to address errors that could result in SBA guaranty loss or regulatory penalties.
→Support risk mitigation efforts by ensuring adherence to SBA guidelines and internal policies.

Requirements

~1 min read

5+ years of SBA loan administration and/or loan processing experience.
Demonstrated experience processing and closing SBA 7(a) and 504 loans.
Working knowledge of LaserPro Loan Documentation Software, specifically the Commercial and SBA modules.
Experience preparing, reviewing, and interpreting attorney-prepared loan documents.
Strong knowledge of business entity structures and related documents.
Experience auditing, closing, and funding SBA loans.
Strong knowledge of collateral perfection requirements across various collateral types.
Proven ability to provide a high level of customer service while taking a proactive approach to problem-solving and issue resolution.