Loan Processor

Position: Loan Processor
Industry: Banking/SBA Loans
Job Type: Long Term/Temp-to-Hire

Pay Rate: $17.00/Hr
Schedule: Monday – Friday 8am to 5pm
Location: Panama City Beach, FL 32413

A Loan Processor is responsible for managing the loan application and approval process for small businesses seeking financial assistance through SBA loans. The Small Business Administration (SBA) Loan Processor should be able to work independently and demonstrate a proactive, problem-solving attitude.

Benefits:

• Medical, Vision, Dental and Life insurance after 90 days
• Vacation and Sick Time
• Paid Holidays

Requirements:

• High School Diploma or equivalent
• Clean Criminal Background
• Credit must be in good standing
• Considerable Customer Service experience is necessary and required
• Three (3) + years customer service in a professional setting
• Microsoft office products: Word, Excel, Outlook
• Pleasant telephone and personal communications skills

Typical Duties and Responsibilities:

• Loan Application Review: Review and evaluate loan applications submitted by small businesses to ensure they meet the SBA loan program requirements. Verify that all required documentation is complete and accurate.
• Documentation Collection: Collect and organize all necessary financial and legal documents from borrowers, including tax returns, financial statements, business plans, and other supporting materials.
• Application Processing: Process loan applications by entering relevant information into loan processing systems, conducting credit checks, and verifying the accuracy of financial data provided by applicants.
• Loan Eligibility Determination: Assess the eligibility of small businesses for SBA loan programs based on criteria such as business size, industry type, financial stability, and adherence to SBA regulations.
• Communication with Borrowers: Serve as the primary point of contact for borrowers during the loan application process. Communicate with borrowers to request additional information or clarification on their applications, and provide updates on the status of their loan applications.
• Compliance and Regulation: Ensure compliance with SBA loan program guidelines and regulations throughout the loan processing and approval process. Stay up to date with any changes or updates to SBA loan policies.
• Collaboration with Underwriters: Collaborate with loan underwriters to assess the creditworthiness of loan applicants and to determine loan terms, interest rates, and repayment plans.
• Application Submission: Prepare and submit loan applications to the SBA for final approval. Coordinate with SBA officials to address any additional requirements or inquiries related to loan applications.
• Documentation Maintenance: Maintain accurate and up-to-date loan files and documentation throughout the loan processing and approval process. Ensure that all loan-related documents are properly stored and organized.
• Reporting and Record-Keeping: Generate reports and maintain records related to loan processing activities, including loan application status, approval rates, and loan disbursement details.
• Customer Service: Provide excellent customer service to small business owners by addressing their inquiries, concerns, and providing guidance throughout the loan application process.
• Continuous Improvement: Identify opportunities for process improvement and efficiency within the loan processing function. Make recommendations for streamlining procedures and implementing best practices.

To Apply: Interested candidates should submit their resume for immediate consideration. Resumes will be reviewed as quickly as possible, and qualified candidates will be contacted to set up an interview. Snelling participates in E-Verify and is a drug-free workplace. Candidates may be subject to drug screening.

Keywords: Banking, Customer Service, Computer Skills