Job description
Large credit union in West Houston is looking for a Commercial Loan Servicer to join their team. The successful candidate will be responsible for all servicing functions related SBA and Commercial Loans. This is a direct hire opportunity.
Primary Duties:
Qualifications:
EOE
Primary Duties:
- Responsible for auditing, reviewing, organizing, booking, funding, and servicing all Commercial and SBA loans to ensure compliance to the standard operating procedures of the Small Business Administration and credit union policies.
- Develops and maintains a tickler system for collateral and documentation tracking, including UCC filings, insurance coverage and/or verifying property taxes are paid.
- Coordinates the Loan Sale documents for the sale of loans to the secondary market.
- Correctly performs all loan modifications, interest rate changes, customer information updates and requests
- Clears all exceptions for ongoing file documentation requests related to collateral insurance and financial statements
- Prepares and sends monthly billing statements to members
- Process and apply loan payments and set up ACH payments
- Work with SBA team and/or member to collect on past due loan payments
- Research and problem solve issues with member accounts
- Proactively review SBA and NACU guidelines for commercial lending and serve as the subject matter expert for the SBA SOP
- Serve as accounting liaison for items related to SBA portfolio servicing
- Prepare monthly reports, wand wire funds and loan payoff requests
- Oversee SBA monitoring and reporting and prepare SBA 10-tab liquidation package for troubled SBA loans and payment of SBA guaranty
- Post–Loan Closing Review, Booking, and Funding
- Perform post-close auditing of all loan files to ensure accuracy, completeness, and compliance
- Creates and follows up on document and financial exceptions related to the loan post close
Qualifications:
- 3-5 years of experience in a Commercial / SBA loan closing and/or funding environment.
- A bachelor's degree, or achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree
- Working knowledge of SBA Standard Operating Procedures and location of related reference materials.
- Excellent Interpersonal Skills
- Outstanding written and verbal communication skills
- Working knowledge of Microsoft Office products including Word, Excel, and Outlook
- Ability to multi-task while still maintaining careful attention to detail
- Ability to work independently and balance multiple work assignments while meeting deadlines
- Professional demeanor and the ability to deal effectively with people and work across departments.
EOE
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