SBA Loan Coordinator
Position Summary
The SBA Loan Coordinator is responsible for the preparation of loan packages for submission to the Small Business Administration and other government agencies for commercial loan approvals.
Duties & Responsibilities
Education & Experience
Knowledge of:
Ability to:
Education and Training:
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
The SBA Loan Coordinator is responsible for the preparation of loan packages for submission to the Small Business Administration and other government agencies for commercial loan approvals.
Duties & Responsibilities
- Process Small SBA 7(a) loan files($350,000 or less), SBA Express Loans; occasionally SBA 504 and Conventional loan files.
- order, and track due diligence items such as title policies, environmental reports, etc.
- Coordinate the collection of required documentation from borrower and/or lender.
- Contact lenders, title companies, insurance agents, and others to ensure missing post-closing documents have been obtained and make sure that files are complete with all final recorded documents.
- Order credit reports, as needed.
- Verify accuracy of documents based on type of loan.
- Prepare settlement sheets for loan disbursements and verify that documentation supports the original authorization.
- Supports departmental duties including answering phones, processing incoming and outgoing mail and deliveries, maintaining office equipment, ordering supplies, maintaining filing systems, etc.
Education & Experience
Knowledge of:
- Strong oral and written communication skills
- Strong organizational skills
Ability to:
- Take independent action within established options and develops new procedures and approaches to problems when necessary
- Analyze assignments based on a wide knowledge of many factors where application of advanced or technical concepts are required
- Maintain visual attention and mental concentration for extended periods of time
- Perform duties and make decisions under frequent time pressures
- Independently be able to prioritize workflow to meet deadlines
Education and Training:
- Requires High School diploma.
- Requires 2 or more years of commercial loan and/or SBA loan documentation knowledge.
- Requires knowledge of Microsoft Office.
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
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