SBA Loan Servicing Specialist(remote)

Sba Loan Servicing Specialist

Excellent opportunity for an SBA Loan Servicing Specialist with a very successful regional financial institution that is a nationwide SBA lender. The SBA Loan Servicing Specialist is responsible for providing operational support for an array of SBA loan products. Working independently with limited supervision, this job works on projects and prospects associated with SBA operations by coordinating data input processes, quality control, client statement preparations and error identification. This job solves escalated reporting issues and consistently works to maintain the accuracy of the company's commercial loan management system. This role is critical to ensuring accurate processing of SBA loans to safeguard the loss of governmental guarantees.

Responsibilities:

• Manages processing of SBA transactions. Reviews and analyzes loan submissions for completeness ensuring all necessary SBA requirements have been sufficiently met. Approves data input from loan applications and related documentation into a commercial loan management system to ensure quality, accuracy and completeness of data entered.
• Responds to internal/external servicing requests in a timely manner; processes loan advances and payments daily.
• Identifies and escalates erroneous transactions and reports issues to management for issue resolution.
• Processes the 1502 reporting maintenance (month end, intra-month, and reversals).
• Resolves 1502 corrections with the SBA and FTA. Processes payoffs and pre-payments notifications in ETRAN.
• Tracks receipt of loan payoffs and reissue investor notifications as needed.
• Processes ACH maintenance and changes needed in the system.
• Submits and maintains 172 forms for loan payments received following an SBA repurchase; responsible for accounting loan changes in the system of record such as charge-offs.
• Updates ETRAN with service action changes in accordance with SBA's Servicing Matrix as needed.
• Communicates and interacts regularly with federal and state regulators and agencies; ensures adherence to SBA SOPs.

Requirements:

• Minimum of 3 yrs SBA or commercial loan servicing experience required.
• SBA loan servicing experience experience preferred but not required

For further consideration regarding this and/or other opportunities please inquire confidentially to View email address on click.appcast.io or call View phone number on click.appcast.io. All inquiries held in strict confidence. Thank you for your interest.