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SBA Loan Specialist

Career Details

Full-time St. Cloud Posted on 1/8/2021

Our nationally recognized SBA team is looking for a Loan Specialist.  At Falcon National Bank we value our employees and our customers.  We are looking for a SBA Loan Specialist who can help us create and maintain our thriving culture.  If you are a high energy, customer focused individual, with SBA knowledge, then this might be the right role for you. 

The SBA Loan Specialist’s primary responsibilities will be to document processing and fulfillment of all SBA loans originated. They will see to it that all necessary documents are completed correctly and/or received assuring compliance with loan policies and procedures as well as SBA, SOP requirements. They are responsible for processing the loan from the point of approval through closing, assuring integrity, and fulfillment of the transaction. The SBA Specialist will also be responsible for loan file completion, assisting in the development and implementation of daily processes and make recommendations for process improvements. The SBA Specialist will work cooperatively with the SBA Lender to assure a smooth and efficient workflow in loan fulfillment and customer loan support. In addition, this position is responsible for cordial and enthusiastic greeting of every customer. The SBA Specialist will also be responsible for servicing customer needs and processing all daily transactions in an efficient and timely matter with optimum accuracy.

Responsibilities Include:

• Reviews letters of intent (LOI), credit authorization memos (CAM) and other documentation received for completeness and manages the process to obtain additional information if necessary.
• Work closely with third party monitoring company that is chosen by the bank to assist in the post-closing disbursements and inspections of the construction projects
• Ensure all processing and closing documents are prepared and executed according to SBA guidelines
• Responsible for preparing post-closing disbursements
• Responsible for making sure that all post-closing items are obtained and in accordance with the closing instructions and loan approval. This may include the completion survey, title policy, searches, insurance, certificate of occupancy, final lien waivers and required business licenses
• Review SBA Loan Authorization according to the approved Credit Authorization and SBA guidelines
• Responsible for reviewing various documents, such as the real estate purchase contract, business acquisition contract, letter of intent, lease (real estate and business personal property), subordination agreement, title commitment and lien searches as they pertain to a specific loan closing
• Disburse the loan proceeds in accordance with the SBA Loan Authorization
• Perform the necessary processing and closing requirements for all SBA 7(a) loans.
• Responsible for the accuracy of the loan file(s), including all packaging documents, satisfaction of credit conditions, and compliance with SBA Lending requirements as stated in the SBA SOP 50 10.

Falcon National Bank is Equal Opportunity Employer.