Senior Processor - Small Business Administration

4 days ago

🇺🇸 United States – Remote

🏄 California – Remote

Although this job is listed in California, this company may be open to hiring remote in other states.

💵 $76.4k - $122.1k / year

⏰ Full Time

🟠 Senior

🖥️ Administration

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HomeStreet Bank

WebsiteLinkedInAll Job Openings

Commercial and Consumer Banking • Cash Management Services • Insurance Products and Services • Mortgage Lending • Commercial Real Estate Lending

1001 - 5000 employees

Founded 1921

🏦 Banking

💸 Finance

🏠 Real Estate

Description

• The SBA Sr. Loan Processor will be responsible for supporting all SBA loan origination efforts by reviewing, packaging, and completing all SBA requests. • This may include, developing a needs list, tracking orders for third party reports, assisting underwriters in clearing pre-funding conditions, coordinating closings with title officers and legal counsel. • Once approved, the Sr. Processor will work with the underwriters, and RM’s ensuring that the SBA package complies with all required SBA rules and regulations and to ensure a clean SBA file audit. • Responsible for packaging, and processing SBA loans and work closely with RM, the SBA closer, client and brokers throughout the underwriting and closing process. • Ensures that the SBA package is complete and accurate in complying with SBA SOP procedures and bank policy and procedures. • Gather and verify all necessary information in order to prepare the SBA application; to include business plan, tax returns, equity injection, and other necessary SBA forms. • Reviews and comprehends complex loan documentation, loan terms and financial elements for accuracy and consistency with the credit approvals. • Notifies the RM, underwriter and client of items missing or required for corrections. • Organize loan files; prepare and maintain needs list and follow-up as required to ensure receipt of all necessary documents. • Prepare the SBA application package and submission to the SBA ensuring accuracy and completeness.

Requirements

• Bachelor’s Degree or equivalent work experience required. • A minimum of 7 years’ experience in SBA loan processing and/or SBA and commercial loan documentation knowledge is required. • Thorough knowledge of SBA SOP, USDA B & I is required. • Ability to maintain a high level of accuracy and attention to detail. • Ability to work independently and handle multiple priorities concurrently. • Excellent command of the English language; excellent writing skills. • Familiarity with real estate lending and accounting terminology.

Benefits

• Medical, dental, and vision coverage for employees and their families • Life, disability and family Leave • 401(k) and Roth 401(k) with employer match • Wellness program, employee assistance program, “Commute Trip Reduction” (CTR) and various employee discounts • Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work • Free employee checking account and employee home loan discounts