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SBA Loan Processor

Career Details

Full-time St. Cloud Posted on 7/27/2021

Falcon National Bank is looking for the right person to serve or SBA customers. At Falcon National Bank relationship is key. Excellent relationships with our customers and our co-workers are our priorities.

At Falcon National Bank, we have a legacy of partnering with our small business customers to not only meet their financing needs but also to plan for the unexpected. As Preferred SBA Lender we quickly and effectively process SBA loans. The role of the Loan Processor is essential in making sure our customers are taking care of with the highest level of care and efficiency.

Position Duties and Responsibilities Include:

  • Enters loans into Etran/SBA and generates the final SBA Authorization.
  • Prepares and reviews Laser Proc documents; perfects collateral for each loan assigned; works with the escrow and title companies; orders insurance certificates before loan funding.
  • Onboards all new loans into the Core System.
  • Onboards all ticklers into Sageworks and manages/monitors the tickler report while communicating with the VP, SBA Lending.
  • Properly prepare the loan for post-closing review.
  • Booking/setting up all participation/sold loans while working with the VP of SBA Lending.
  • Fully document the servicing actions and work with the VP of SBA Lending to ensure all conditions are met before closing. (collateral changes/updates, corrections, etc.)
  • Complete both the prior month's closed loan report and finance report by the 5th of every month.
  • Balances SBA accounts monthly.
  • Maintains an open line of communication/correspondence between all involved parties.
  • Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
  • Ensures compliance with established company policies and procedures.
  • Performs duties specific to the position and other functions as assigned.

Required Skills

  • Effective organizational and time management skills.
  • Strong computer skills, including Internet Explorer and Microsoft Office (Word, Excel, and Outlook).
  • Strong working knowledge of SBA loans and familiarity with SBA’s Standard Operating Procedures (SOP).
  • Intermediate knowledge of related state and federal banking compliance regulations, and other Bank lending policies.
  • Intermediate math skills; calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; compute rate, ratio, and percent, including the drafting and interpretation of bar graphs.
  • Exceptional verbal, written, and interpersonal communication skills, with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence, and procedures, and speak clearly to customers and employees.
  • Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
  • Ability to work with no supervision while performing duties.

The best candidate for this role will have 3-5 years of SBA loan processing experience.

Falcon National Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.”