Job Information
SUMMIT CREDIT UNION SBA Loan Specialist in COTTAGE GROVE, Wisconsin
JOB REQUIREMENTS: Description 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! Essential Functions 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. Job Specifications Associate degree in general business or a related field or... For full info follow application link. Summit Credit Union is proud to be an Equal Opportunity and Affirmative Action Employer of Veterans, Minorities and Individuals with Disabilities. ***** APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/7F983DCA720843C8