SBA Loan Specialist

Summit Credit Union is looking for a Small Business Administration (SBA) Loan Specialist to join our team! If you're looking for a company that values innovation, unparalleled growth potential, and you enjoy making a real impact by supporting small businesses, this role is for you! The ideal candidate will have experience working with business managers, SBA underwriting teams, and have effective communication skills. In this role you will prepare financial information for loan analysis in compliance with SBA standard operating procedures, monitoring sold SBA loan payoffs, and prepare monthly reports. Come dive into this exciting opportunity for your next step in your career! Be a part of something bigger at Summit!

• Document gathering for new SBA loan requests.
  
  
  
  • Work with Business Relationship Managers to obtain documents, including but not limited to financial statements.
  • Order due diligence work, including but not limited to background checks, industry data CAIVRS, and corporate status checks.
  • Collaborate with Business Relationship Managers and SBA underwriting team to get package in the pipeline and set timelines.
  
  
  
  
• Manage post-closing loan file.
  
  
  
  • After the loan has been executed, prepare the loan file and save all documents using the standard SBA 10-tab format.
  • Follow up on any missing or incomplete documents and set up ticklers.
  • Monitor sold SBA loan payoffs and adhere to sold loan payoff reporting procedures
  • Prepare the monthly SBA 1502 report; obtain approval to submit and send the report in the required timeframe.
  • Review edits with leadership and obtain guidance on corrections; submit edits.
  • Support SBA experts on matters related to underwriting, originating, and servicing SBA, WHEDA, and USDA loans.
  • Stay up to date on current lending and credit practices, regulations, policies and procedures, assist in educating new and existing processors and analysts.
  • Assist in facilitating the packaging of all SBA Loan products, WHEDA facilities, USDA FSA and Rural Development Loans.
  • Provide assistance during SBA and other guaranteed program audits and exams.
  
  
  
  
• Member Service
  
  
  
  • Identify opportunities to provide additional guidance or information to business members through the underwriting process; share insights with the assigned Business Relationship Manager.
  • Consistently meet or exceed established turnaround times for completing analysis of new loans and loans being set up for renewal.
  • Respond to staff and member inquiries received by phone or email, both directly and through department help line.
  
  
  
  
• Act as a resource for other areas of Credit Union
  
  
  
  • Directly engage with members, as needed, regarding Business Lending and SBA programs.
  
  
  
  

• Associate degree in general business or a related field or equivalent work
• Three or more years of experience in a financial institution.
• Experience with business banking, including within the small business sector is a plus.
• Working knowledge of SBA, WHEDA and USDA lending and related services.
• Knowledgeable of laws and regulations that govern lending.
• Demonstrated ability to provide support and direction to others.
• A high level of initiative, thoroughness, accuracy and organizational skills required.
• Professional, well developed interpersonal and communication skills essential for interacting with credit union staff and members.
• In-depth mathematical skills required (calculations and concepts involving decimals, percentages, fractions, dividend, interest, payoff and equity calculations etc.).
• Working knowledge of Microsoft Word, Outlook and intermediate knowledge of Excel.

Summit offers excellent benefits, including health and dental insurance, 100% match on 401k, student loan pay back, tuition reimbursement and even your birthday as a paid holiday. At Summit we cover more ground, give more back and have more fun.

At Summit Credit Union, we are committed to providing Equal Employment Opportunity regardless of race, color, religion, sex, age, national origin, disability, military and veteran status, sexual orientation, gender identity, marital status or any other characteristic protected by local, state, or federal law. We embrace diversity and believe that inclusion is critical to our success as a credit union. Different makes us better. Employment decisions are made based on qualifications, merit and business need.