Overview
This role performs Small Business Administration (SBA) loan administration work, including review and collection of loan documentation and processing third-party reports to ensure adherence to SBA loan program requirements and the organization’s credit policy. The position coordinates internal workflows, resolves discrepancies to meet closing deadlines, escalates issues to management, and supports accuracy of the SBA loan management system.
Responsibilities
- Review loan application files to verify that application data is complete, accurate, and meets standards established by loan policy and SBA guidelines.
- Understand SBA eligibility requirements according to the most recent Standard Operating Procedures (SOP) as published by the SBA, and remain current on pending and proposed regulatory changes affecting compliance and SOP.
- Manage processes including, but not limited to:
- Flood certifications
- Business and personal credit reports
- 4506 Tax Transcripts
- OFAC checks
- Prepare documents and correspondence for required reports in accordance with approved policies and procedures.
- Prepare SBA submission packages and ensure all submission items are obtained and current.
- Request SBA loan approval through E-Tran or other means, and clear compliance codes as needed.
- Coordinate with Commercial Loan Documentation to request accurate loan documents reflecting the correct borrower, collateral, and SBA language.
- Work with escrow and title companies to meet closing timelines:
- Order, track, and review all title work to ensure the organization’s lien position.
- Collaborate with the servicing group in funding and boarding SBA loans to the core system.
- Assist with loan closing by preparing loan closing documents and related materials as needed.
- Review for errors and provide recommendations to correct issues that could result in loss of an SBA guaranty or penalties.
- Serve as an SBA subject matter expert by maintaining thorough understanding of SBA eligibility requirements and ensuring adherence to the most current SBA SOP.
- Stay informed of regulatory changes impacting SBA lending and compliance requirements.
- Identify potential compliance risks through review of SBA loan documentation and recommend corrective actions.
- Support risk mitigation efforts by ensuring adherence to SBA guidelines and internal policies.
Requirements
- 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.
Preferred Qualifications
- Role Specific Work Experience: 3+ years required; 5+ years preferred.
- Educational Requirements: University (Degree) preferred.
Compensation & Benefits
Location
Posting Information
- Posting End Date: 10/30/26
Physical Requirements