First Guaranty Bank
SBA Loan Processor
Process SBA, USDA, and other types of government guaranteed loans from the time the loan is approved by our bank through closing and fully funding all loan proceeds.
Essential Duties and Responsibilities
Review loan requests to ensure accurate documentation/information is obtained in order to proceed with request.
Understand and recognize when exceptions to bank policy and procedures are present.
Engage any 3rd party vendors and order all UCC searches, flood determinations, title commitments, OFAC, CAIVRS, etc. as required.
Review and obtain approval for all title commitments, surveys, insurance, fuel supply agreements, UCC searches for lien position, and any other third-party documents as needed.
Prepare Closing Checklist on each loan and update the checklist as needed.
Prepare Construction Checklist for each loan if required, and update the checklist as needed.
Coordinate 3rd party inspector visits with the construction department on all construction loans.
Prepare SBA packaging forms.
Obtain INS verifications if needed.
Order and review all 4506 transcripts.
Create loan file which will contain all documentation.
Interact with customers, attorneys, title companies, lenders and their assistants, etc. to provide exceptional customer service.
Review and obtain approval on all required documentation received, i.e. purchase agreements, corporate documents, lease agreements, landlord subordinations, construction documentation, vehicle titles, etc. as required for the loan.
Request for a revised loan presentation if needed.
Submit loan to SBA/USDA for approval and prepare SBA Loan Authorization for any SBA PLP loans.
Initiate the payment of the guaranty fee.
Update Etran with any changes to the loan after it is approved by SBA.
Engage the attorney.
Review closing documents before releasing documents to ensure accuracy and compliance with regulatory requirements.
Schedule and coordinate loan closings.
Ensure all loans are closed and funded according to the approved loan request, bank policy, regulatory guidelines and SBA/USDA policies and procedures.
Coordinate with the SBA loan servicing department for the loan funding and booking.
Finalize loan file for post close audit.
Follow up on any outstanding ticklers and/or exceptions as needed.
Responsible for updating procedures as it pertains to related position.
Be available as needed to cross train and perform additional tasks as assigned.
Adhere to the BSA Policy and all other Bank Policies.
Other duties and responsibilities as may be assigned by supervisor.
Minimum Qualifications (Education, Experience, Skills)
Minimum 1 year of experience training in banking environment OR banking related industry experience required; SBA experience is preferred.
Loan quality assurance or loan secretary experience preferred.
Good customer service and communication skills.
Must be able to exercise discretion and good judgment.
Good computer and proof-reading skills required.
Knowledge of SBA One, Etran and/or PCFS (loan manager) preferred.
Must have Word and Excel knowledge.
Physical Demands and Work Environment
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk and hear. The employee frequently is required to use hands or fingers, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.
The noise level in the work environment is usually moderate.
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.
All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills aptitudes and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills or abilities.
This document does not create an employment contract, implied or otherwise, other than an “at will” relationship.