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SBA Loan Packager
Hanover Bank
Village of Mineola (NY)
Remote
Full time
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Job summary
Hanover Bank is seeking a full-time SBA Loan Packager responsible for acting as a liaison between customers and loan officers, preparing loan files for underwriting. Candidates with SBA loan origination experience and strong communication skills are preferred for this dynamic, remote role. The bank values diversity and offers a supportive work environment.
Benefits
Qualifications
- Minimum 2 years of SBA Origination experience for commercial loans.
- Bachelor's Degree is preferred but not required.
Responsibilities
- Coordinate the packaging/origination of SBA loans.
- Collect documentation from customers.
- Ensure all underwriting and submission requirements are met.
Skills
Education
Job description
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About Us
Hanover Bank, The Bank of YOU – When you love your work and the people you work with, careers are made!
Description
Location: Remote
About Us
Hanover Bank, The Bank of YOU – When you love your work and the people you work with, careers are made!
Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.
Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals.
When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!
Summary
Hanover Bank is looking for a full-time SBA Loan Packager. This position will report directly to the Loan Packager Team Lead - SBA. Primary duties include but are not limited to acting as the liaison between the customer and Business Development Officer and Broker as well as preparing a Loan File for Underwriting and SBA Submission. The SBA Loan Packager is responsible for making sure all necessary items for underwriting and submission are received, reviewed accurately, and uploaded to the bank’s internal system.
Duties And Responsibilities
- Works with Loan Officers/BDOs and Underwriting Department to coordinate the packaging/origination of SBA loans in conformance with the SBA SOP.
- Supports the customer/broker/borrower with the collection of documentation including all the below:
- Prepares and sends specific checklists based on loan types.
- Ordering of Third-Party Reports including but not limited to Residential/Commercial Appraisals, Business Valuations, Site Visits, IRS Tax Verification, Plan & Cost Reports, UCC Searches.
- Performs all Due Diligence required including but not limited to Lexis Nexis, SAM, CAIVRS, OFAC, Flood Determinations.
- Review all documents received by the borrowers/brokers for accuracy and request updates when necessary (Including all SBA Forms).
- Responsible for Preparing Term Sheets and collecting Good Faith Deposits for their respective Business Development Officers.
- Responsible for managing the Workflow for each loan file assigned. Ensuring that all steps are performed, and workflows are in the correct step to effectively manage their pipeline.
- Works with Government Guaranteed Lending Assistant on items needed after being reviewed for submission to the SBA.
- Works in tandem with closer to collect documentation when needed.
- Make recommendations for procedural changes to increase efficiency.
- Ensure customer privacy, security of files, and appropriate staff access items.
- Attend periodic SBA Training when provided by the Bank as well as complete all necessary ABA Training requirements set by the Bank.
- Minimum 2 years of SBA Origination experience for commercial loans.
- Bachelor's Degree is preferred but not required.
- Knowledge of USDA, SBA 7a, 504, and Express Lines of Credit.
- Knowledge of SBA Standard Operating Procedures.
- Promote a teamwork environment and actively participate as a team player with the ability to solve problems independently.
- Communicate effectively and constructively with brokers, borrowers, the SBA GGLS Team, and underwriters, to enable the loans to move to closing.
- Medical, Dental and Vision (including HSA, FSA & Commuter Benefits)
- Company-paid benefits to include life insurance and AD&D plus long-term disability
- Voluntary Benefits (including additional life insurance and AD&D insurance for yourself, your spouse and/or your dependent children, Voluntary Short-Term Disability, Pet Insurance and Legal Services)
- Supplemental Health Benefits (including Accident insurance, Hospital indemnity insurance and Cancer Care)
- Retirement- 401(k) with Company Match
- Paid Personal Time Off (PTO) & Paid Company Holidays
- Annual Bonuses
- Annual Increases
- Employee Events and Contests
Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
- Seniority levelEntry level
- Employment typeFull-time
- Job functionInformation Technology
- IndustriesBanking
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