SBLD Loan Specialist I

Essential Duties and Responsibilities

• Reviews data systems and physical records for accuracy
• Reviews and analyzes the Bank and SBA's approval to complete an initial loan closing checklist for the required documentation to close the loan in accordance with the Bank's policy and SBA Authorization;
• Works closely with SBA Banker, Lender, Closing Manager, and underwriting in gathering and documenting closing requirements and meeting customer expectations;
• Request documentation from third parties to complete requirements
• Keep SBA Banker and Closing Manager informed of progress to loan closing on at least a weekly basis; make best efforts to collect all pre-closing requirements at least five (5) business days before proposed closing date;
• Review data systems for documentation and update all applicable systems as to any activity on loan; including tracking expenses for each individual loan;
• Coordinate with Underwriter during the closing process regarding necessary loan modifications;
• Identify and perform necessary pre-closing lien search duties;
• Review third party reports for sufficient insurance coverage and lien positions;
• Ensure adequate approval authority is obtained prior to closings;
• Review all loan documents provided for signature in advance to confirm the complete and accurate package;
• Obtain funding instructions and prepare any funding instruction documentation;
• Address and clear any collateral exceptions issued on loans closed;
• Other duties as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Skills

• Must have the ability to read and comprehend instructions and correspondence;
• Must have excellent analytical, written and verbal communication skills in communications
• Must be able to work individually, manage time, be able to Multi-task and meet deadlines;
• Must be Detail oriented with strong organizational and follow-through;
• Must possess numeric and verbal aptitudes;
• Must have the ability to identify problems, evaluate alternatives and implement effective solutions;
• Must have the ability to combine pieces of information to form general rules or conclusions;
• Must have basic understanding of lending processes, procedures and loan documentation;
• Must possesses a high degree of professionalism and excellent customer service skills with internal and external customers.

Education and/or Experience

• High School Diploma or equivalent required
• Previous Loan Processing/Closing (Preferred)
• Previous SBA job related (Preferred)

Computer Skills

• Intermediate knowledge of Microsoft Word, Excel, PowerPoint and Outlook (e.g. create templates, complete mail merges, insert and edit charts)

Certificates, Licenses, Registrations

• None

Other Qualifications (including physical requirements)

Other

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Activities, duties and responsibilities may change at any time with or without notice.

Skills Training

• Communication
• Customer Service
• Time Management
• Critical Thinking