SBA Loan Assistant

LOCATION

Mountain America Center - In Office:

9800 S Monroe St
Sandy, UT 84070

SCHEDULE

Full Time

To be effective, an individual must be able to perform each job duty successfully.

• Assists SBA loan officers in processing SBA loan applications.
• Becomes an expert in SBA eligibility, loan structure, occupancy, use of loan proceeds, regulatory requirements and the SBA SOP.
• Communicates regularly with underwriters and loan closers to ensure timing deadlines are met, questions are addressed and that the process for all involved is positive.
• Prepares loan requests for formal underwriting by gathering financial information and supporting documentation.
• Processes and reviews documents received for each file, verifying the accuracy and completeness of each document.
• May input loan application data into loan origination system
• Performs pre-flight analysis to determine eligibility and basic underwriting to determine credit-worthiness.
• Actively reaches out to inform the borrower regarding loan statuses loans and documents all communication.
• Communicates with members regarding the lending product and general loan-related questions ensuring a positive member experience.
• Handles all member and in-house inquiries about transactions to ensure members receive superior service.
• Reviews loans in the pipeline and works with the processing team to ensure that settlement dates are met.
• May assist in ordering credit reports, business entity searches, title insurance, appraisals, evaluations, environmental reports and other third party reports.
• Gathers information for HMDA reporting.
• Prepares loan renewal, extension and modification requests.
• Assists members with online account opening, as needed.
• Assists in other tasks and projects as assigned.

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

• Requires minimum 2 years’ professional experience in a progressive financial setting.
• Experience in SBA and commercial loan processing setting preferred.

Education

Associate's degree from an accredited institution in business, marketing, finance, economics or related field preferred. High school diploma or equivalent required Education will be verified. OR additional 1 year of relevant experience in a progressive financial setting.

Licenses, Certifications, Registrations

None

Managerial Responsibility

None

Computer/Office Equipment Skills

• Advanced skills with Microsoft Office Suite including Outlook, Word and Excel
• Demonstrated experience with loan origination system preferred

Language Skills

• Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations
• Demonstrated ability to document outcomes and present information in a manner appropriate for key stakeholders and all levels of the organization.

Other Skills and Abilities

• Ability to work both autonomously and collaboratively in a fast-paced environment.
• Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines
• Adaptive to change, responds positively to altered circumstances or conditions
• Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc.
• Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.
• Excellent inter-personal skills including the ability to lead and collaborate with ad-hoc teams
• Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.)

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands

Ability to sit, talk and hear consistently

Ability to stand, walk, and use hands to handle or reach occasionally

Vision Requirements

Close vision (clear vision at 20 inches or less)

Distance vision (clear vision at 20 feet or more)

Weight Lifted or Force Exerted

Ability to lift up to 10 pounds occasionally

Environmental

There are no unusual environmental factors (such as a typical office)

Noise Environment

Moderate noise (business office with computers and printers, light traffic)

#LI-FW1