Use our Job Description Tool to sort through over 13,000 other Job Titles and Careers. 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. 10-2015 Page 2 of 3 g. Purge Closed / Paid Loans from Director following required retention 4. 5 plus years of SBA experience including processing and servicing commercial/SBA loans. It is mandatory to procure user consent prior to running these cookies on your website. Loan processors are required to possess the following qualities, including skills, knowledge, and abilities, to function optimally on the job: (adsbygoogle = window.adsbygoogle || []).push({}); You may need to pass a job test to be hired for a position, improve your chances of making high scores today! See salaries, compare reviews, easily apply, and get hired. Generally responsible for the evaluation, authorization, and recommended approval of loan applications, most loan officers This is simply because it is his responsibility to meet deadlines and making sure that the clients meets them as well. 51 sba loan processor jobs available. 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SBA Loan Broker: A SBA commercial loan broker specializes-in and should know the entire SBA funding process like the bank of their hand. One of the major duties of a loan processor is to assist loan officers during the mortgage loan approval process. Demonstrate good working knowledge of loan processing guidelines and requirements. Come work at Example Co., a leading firm in our industry in the metro area. 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. Participate in the effectiveness, efficiency and workflow of the team. Apply to Loan Processor, Junior Loan Processor, Software Application Packager and more! 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. Job Description – Loan Servicing Specialist – Rev. A primary duty of the coordinator is to meet with the loan processor or originator to review applicant files. This website uses cookies to improve your experience while you navigate through the website. He/she also needs to double-check all numbers and cross check all loan documents to be sure that there are no accounting mistakes. The position is required to have full knowledge and experience in all aspects of SBA loan processing, documentation and funding. Prepares spread sheet to properly outline total project costs, including but not limited to borrower's cash injection and its source. Loan Processor Job Description Example, Duties, and Responsibilities The job description of a loan processor involves checking the credit history of prospective borrowers. We're pleased to have a 4.0 Glassdoor rating. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Review and understand current program guidelines and current Loan Rate Sheet(s). Manufacturers Bank was formed by a group of banking entrepreneurs in June, 1962. Prior conventional and/or SBA loan servicing experience required. 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. 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. Proficiency in closing procedures, loan processing and documentation. Assists customers and other bank employees with questions and problems about existing loans, payments and balances; resolves routine problems as able. Start a free Workable trial and post your ad on the most popular job boards today. 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. Make quality judgment and interpret loan documentation received in files. If any credit issues such as late payments, bankruptcies or problems with property are found, the loan processor … Loan Officer [Intro Paragraph] Begin your loan officer job description by telling potential applicants about the bank or lending institution. 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. SBA Business Development Officer is responsible for promotion and growth of the Bank’s commercial Government Loan Programs. 9 SBA Loan Processor Salaries. 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. Profiiciency in Microsoft Word and Excel including word processing, database and spreadsheets. This category only includes cookies that ensures basic functionalities and security features of the website. 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. It is his/her job to make sure that all of the details in the loan package is verified and correct, and the loan processor is often times the main point of contact for borrowers. New sba loan processor careers are added daily on SimplyHired.com. 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. Job Assessment Tests: How to Top Your Competition. But opting out of some of these cookies may have an effect on your browsing experience. 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. 3. JOB DESCRIPTION Loan Assistant I Pioneer Trust Bank, N.A. In most cases, the speed of the entire loan process depends a great deal on the loan processor. Post now on job boards. 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. There are over 51 sba loan processor … Job Overview. Loan Analysis Support. Bilingual language skills a plus. Responsible for weekly team meetings with processors to ensure loans are closed within the guidelines of bank policy and SBA regulations. 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. Ensure all information on loan process is correct. 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. The sample job description above presents a good source of information for making the professional experience section and other parts of the resume for seeking loan processor job. Use our Career Test Report to get your career on track and keep it there. We are an equal employment opportunity employer. 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. Proficiency in credit and approval processes. 85 Sba Processor jobs available on Indeed.com. The processor needs to ensure that all of the documents required for the loan package are in proper order and present. Back-up Responsibility a. Accurately input data into system as needed. Put simply, an SBA loan is a small business loan that is partially guaranteed by the government (the Small Business Administration), which eliminates some … 2. En español | If you have skills in accounting, banking or similar fields, the Small Business Administration (SBA) may have a job opportunity for you. This position is currently not accepting applications. Detailed Oriented and able to produce quality and accurate work flow. 79 Sba Loan Processor jobs available on Indeed.com. The SBA is hiring temporary employees to assist with disaster relief efforts. 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. Strong command of SBA software such as TSoft; Capital Access; Financial System (ETRAN); SBAOne. A loan officer description includes working with loan officers and underwriters in financial institutions. Loan processors often work closely with loan offers, whose job it is to guide applicants through the loan application process. Associates degree (AA) or equivalent combination of education and experience. By clicking “Accept”, you consent to the use of ALL the cookies. Prepares various department reports monthly, quarterly and semi-annually. Extensive knowledge in processing, documenting commercial, construction/SBA loans. The job description of a loan processor involves checking the credit history of prospective borrowers. Must be able to maintain enthusiasm and professionalism. New sba loan officer careers are added daily on SimplyHired.com. Apply to Loan Processor, Senior Loan Processor, Junior Loan Processor and more! 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. Substancial working knowledge of SBA Regularions. These cookies will be stored in your browser only with your consent. Necessary cookies are absolutely essential for the website to function properly. Prepares and process loan extension for SBA CAPLine and loan modifications. Given below is an example of the loan processor job description, showing a list of major duties, tasks, and responsibilities that makes up the daily activities of holders of the position: Creating a Resume for the Loan Processor Job. See salaries, compare reviews, easily apply, and get hired. The next thing is to make sure that every detail in the loan package is correct. 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. In addition, this position solicits, qualifies, and assists borrow … Use our Job Search Tool to sort through over 2 million real jobs. Intermediate knowledge of banking regulations and policies associated with processing commercial/SBA loans. If any credit issues such as late payments, bankruptcies or problems with property are found, the loan processor would notify the applicant. 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. 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. To search for an open position, please go to http://ManufacturersBank.appone.com. Process and close loans to comply with rules and regulations. Loan Operations / Maintenance Job Qualifications 1. Loan Processor job description. Prepares and reviews loan/application package for submission to the SBA, ensuring accuracy and completeness of all required documents.. 295 sba loan officer jobs available. Also Loan Officer Jobs. Strong analytical, organizational, and problem solving skills. Must be willing to constructively contribute to the department. Ensures that all credit files are fully documented in accordance with SBA and Bank requirements prior to funding of loan. Candidate will join a high energy, fast paced team centered environment, where teamwork and attention to detail are highly valued. We are looking to hire an experienced Loan Processor … The low-stress way to find your next sba loan officer job opportunity is on SimplyHired. Responsible in having loan documents signed including notarizing borrower's signatures on documents for recording. Job description and duties for Loan Officer. Ability to work with minimal supervision. 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. is seeking a candidate for a Loan Assistant position. Primary duties include processing and … Ability to manage multiple projects/tasks, as well as meeting deadlines simultaneously. The position is required to have full knowledge and experience in all aspects of SBA loan processing, documentation and funding. Prepares and reviews loan-closing documents, including documentation request form for the documents prepared by the Note Department's loan documentation specialist. Knowledge of FISERV loan system preferable. Strong problem solving skills involving multiple facets and variable in non-standardized situations. 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. 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. Similar job titles include Mortgage Loan Processor and Underwriter. Superb organizational and time management skills. 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. These cookies do not store any personal information. 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. Reviews loan approvals to ensure information is complete; follows up to obtain missing data; input data in the department's software for SBA documentation. Ensures that all accounting is accurate. Loan Processor Resume Examples. Available in. 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. Prospective students who searched for Loan Document Specialist: Job Description and Requirements found the following resources, articles, links, and information helpful. The low-stress way to find your next sba loan processor job opportunity is on SimplyHired. We also use third-party cookies that help us analyze and understand how you use this website. Responsible for managing and processing the continued disbursements of loan funds until loan is fully disbursed, including the maintenance of the disbursement log for each loan and sending the disbursement request to the Loan Operation Unit. 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. 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… Loan requests usually need certain components for processing, including credit reports, employment verification, income documentation and bank statements. Holland Code: E-S-C This Loan Processor job description template is optimized for posting in online job boards or careers pages and easy to customize for your company. Hiring Loan Officer job description Post this Loan Officer job description job ad to 18+ free job boards with one submission. Image source: Money.cnn.com, Loan Processor Job Description Example, Duties, and Responsibilities. Loan Processors perform various functions, including checking and verifying prospective borrowers’ credit history. Daily manage loan processing pipeline of $30MM +. There are over 295 sba loan … Effectively manage a team of SBA loan processor and SBA operations personnel with a total department loan portfolio of $235MM in SBA loans. The federal agency is hiring temporary workers for telecommuting jobs helping the SBA handle millions of requests for assistance from entrepreneurs whose businesses have been affected by the coronavirus pandemic. 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. You also have the option to opt-out of these cookies. S ) environment, where teamwork and attention to detail are highly.... Has the appropriate set of skills and qualities to Excel on the job job ad to 18+ job. And other bank employees with questions and problems about existing loans, payments and balances ; resolves routine problems able! All aspects of SBA experience including processing and documentation officers during the Mortgage Processor., employment verification, income documentation and funding browsing experience prepares various department reports monthly, and. 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