Portfolio Officer, Special Assets (SBA Lending)

MMC Group LP; Irving (TX); Hybrid; USD 100,000 - 120,000; Full time

Job summary

MMC Group LP in Irving, TX is hiring a Special Assets Portfolio Officer to own non-performing SBA 7(a) loans. You will manage default lifecycles, file liquidation plans, and coordinate with the NGPC in Herndon, VA to recover guaranteed capital.

You will supervise legal recovery work, collateral disposition, and borrower negotiations while ensuring compliance with SBA SOP 50 57, FDCPA, and applicable lending laws.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration or equivalent.
• 5-7 years SBA 7(a) default management and loan workouts experience.
• Deep knowledge of SBA SOP 50 57 and FDCPA compliance.

Responsibilities

• Manage non-performing SBA 7(a) loans through default lifecycle.
• Prepare SBA Liquidation Plans and oversee NGPC submissions.
• Coordinate with outside counsel on bankruptcy and foreclosures.
• Oversee collateral liquidation and note-sale analyses.
• Negotiate settlements and forbearance with borrowers.

Skills

Negotiation

Recovery modeling

Legal process oversight

Executive reporting

Education

Bachelor's degree

Tools

SBA E-Tran

CAFS

PCFS/Loan Manager

Spark

PACER

LexisNexis

Job description

MMC Group is hiring for a Special Assets Portfolio Officer for our client in Irving, TX!

Our client is a premier national commercial and small business lending institution, so this Special Assets Portfolio Officer specializes in default management, collateral liquidation, and government guaranty purchases across their national SBA 7(a) loan portfolio.

This role takes full ownership of non-performing accounts, drafting formal Liquidation Plans, coordinating legal recovery workflows, and interfacing directly with the SBA's National Guaranty Purchase Center (NGPC) in Herndon, VA, to protect and recover guaranteed capital.

Key Responsibilities:

• Default & Liquidation Management: Manage non-performing SBA 7(a) loans through the full default lifecycle. Prepare, submit, and execute formal SBA Liquidation Plans in strict accordance with the SBA two-year liquidation rule (or secure timely extensions).
• Guaranty Purchase Packages (NGPC): Prepare and submit complete 10-Tab/Universal Purchase demand packages to the National Guaranty Purchase Center (NGPC) in Herndon, VA. Address SBA inquiries, cure deficiencies, and ensure zero repair or denial of the government guaranty.
• Legal & Recovery Coordination: Direct outside legal counsel through bankruptcy proceedings (Chapter 7, 11, 13), judicial/non-judicial foreclosures, judgment processes, replevin actions, and asset recovery. Track court filings and proofs of claim via PACER.
• Collateral Liquidation & Note Sales: Coordinate real estate and personal property collateral disposition, engaging appraisers, auctioneers, environmental vendors, and collection agencies. Conduct discounted cash flow, net recovery, and note-sale analyses.
• Borrower Workout Negotiations: Negotiate formal settlement offers, deeds-in-lieu, forbearance agreements, and charge-off resolutions with defaulted borrowers, guarantors, and their legal counsel.
• Compliance & Core Tracking: Maintain meticulous records within PCFS/Loan Manager, Spark, and LexisNexis to ensure every action complies with SBA SOP 50 57, the Fair Debt Collection Practices Act (FDCPA), and federal/state lending laws.

Qualifications:

• Education: Bachelor's degree in Finance, Accounting, Business Administration, Economics, or equivalent practical experience.
• Experience: Minimum 5-7 years of hands-on experience in SBA 7(a) default management, loan workouts, collateral liquidation, and NGPC guaranty purchase processing (Small Business Lending Company / SBLC background preferred).
• Technical Knowledge: Deep working knowledge of SBA SOP 50 57 Liquidation guidelines, bankruptcy codes, UCC recovery, personal/real property foreclosure law, and FDCPA. Direct experience working with the National Guaranty Purchase Center (NGPC).
• Systems: Proficiency in SBA E-Tran/CAFS, PCFS/Loan Manager, Spark, PACER, and LexisNexis.
• Skills: High-stakes negotiation, recovery modeling, legal process oversight, and executive-level written reporting.
• Base Salary: $100-120k + 10% performance bonus.
• Location: Preference for Irving, TX; open to Pasadena, CA (Hybrid / Office setting).