SBA Loan Processor

Enterprise Financial Services Corp.; San Diego (CA); Hybrid; USD 44,000 - 48,000; Full time

Benefits offered by this job

Pay range: $32.30–$35.32 per hour

Overtime eligibility

Incentive payments

Job summary

Enterprise Bank & Trust seeks an SBA Loan Processor to handle the processing and closing of SBA 7(a) and 504 loans. You will ensure accuracy, timeliness, and compliance throughout the loan lifecycle.

You will work with underwriters and business development staff to prepare loan packages, order title work, review documents, and coordinate closings. Strong communication, organization, and attention to detail are required.

Qualifications

• High school diploma or equivalent required
• Minimum of two (2) years of banking or financial services industry experience
• Detailed knowledge of loan closing documentation and requirements

Responsibilities

• Process and close SBA 7(a) and 504 loans.
• Collaborate with Underwriters and Business Development Officers to process loans.
• Prepare loans for SBA submission and assign SBA loan numbers.
• Open titles and order preliminary title reports; review and edit as needed.
• Review entity documents (articles, by-laws, partnership/LLC).
• Review initial/final UCC searches and ensure compliance with SBA SOP and bank policy.
• Verify cash injections and insurance requirements; obtain hazard/flood insurance.
• Prepare loan documents and ensure conformance with approvals and conditions.
• Coordinate closings with borrowers, title/escrow, and officers.
• Maintain accurate pipeline reports and meet closing/ pipeline goals.

Skills

Banking experience

Verbal & written communication

Organization skills

Time management

Independent & team work

Change readiness

Education

High school diploma or equivalent

Tools

Microsoft Word

Excel

Google Apps

Job description

Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction company that employs local people, our goal is to help businesses succeed and our communities thrive. With offices in Arizona, California, Florida, Kansas, Missouri, New Mexico, Nevada and Texas, we’re strong, growing and committed to supporting the communities we serve. We extend this commitment to the community to our associates, offering annual paid volunteer time off and charitable-matching opportunities. Voted a Best Bank to Work For by American Banker for multiple years, we offer our associates an array of benefits and the opportunity to chart their own career path with us. Join us in the pursuit of our mission to guide people to a lifetime of financial success, and enjoy a career filled with professional growth opportunities, interesting colleagues and the satisfaction of supporting our communities. Together, there’s no stopping you!

Job Title: SBA Loan Processor

Job Description: Summary: The position is responsible for processing and closing SBA 7(a) and 504 loans.

Essential Duties and Responsibilities

• Collaborates with internal staff including Underwriters and Business Development Officers to process and close loans in a timely manner.
• Reviews the loan file and prepares a list of items required to close and fund the loan; communicates the requirements and loan status clearly and concisely.
• Prepares loans for submission to the SBA for the issuance of an SBA loan number.
• Prepares SBA loan authorizations Opens Title and orders preliminary title reports as required; reviews title reports and make changes as necessary.
• Reviews and accepts entity documentation such as articles, by-laws as well as partnership and LLC documents.
• Reviews initial and final recorded UCC searches.
• Ensures compliance and adherence to SBA Standard Operating Procedures (SOP) and bank credit policy.
• Verifies cash injection in accordance with bank and SBA requirements.
• Determines insurance requirements and obtains hazard/flood insurance as required.
• Obtains and reviews escrow instructions and estimated closing statements.
• Prepares and completes loan document requests; ensure that loans are documented correctly to ensure conformance with bank and SBA loan approvals and conditions.
• Coordinates closings with borrowers, title/escrow and business development officers.
• Reviews executed closing documents to ensure all required signatures, notaries and/or witness signatures are properly completed.
• Prepares accurate and complete loan boarding packages.
• Maintains accurate pipeline reports; meets monthly loan closing and loans in pipeline goals.
• Perform other duties as assigned.

Qualifications

• Excellent verbal and written communication skills
• Excellent organization skills.
• Proven experience working in a fast-paced, high volume, customer-centric environment
• Effective time management and problem-solving skills with strong attention to detail and ability to demonstrate critical thinking
• Ability to work both independently as a self-starter and in a collaborative team environment
• Motivated and open to change

Supervisory Responsibilities: None

Education and/or Experience: High school diploma or equivalent required Minimum of two (2) years of banking or financial services industry experience. Detailed knowledge of loan closing documentation and requirements.

Computer and Software Skills: Skilled in the operation of a personal computer, including Microsoft Word and Excel Google Apps

Certificates, Licenses and Registrations: None

Benefits and Compensation

• Pay range for new hires is generally $32.30 - $35.32 per hour.
• Eligible for overtime pay in compliance with Federal, State, and Local regulations.
• In addition, the role is eligible for incentive payments.

Equal Opportunity Statement

Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs.

Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live.

We are proud to be an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability.

All employment offers are contingent upon the applicant successfully completing both drug and background check screenings.

Enterprise Bank & Trust was founded on the idea of serving the lifetime financial needs of privately-held businesses, their owner families and other success-minded individuals. That concept has remained as our unwavering and guiding vision. We understand that every business is unique, so we tailor our comprehensive array of banking, trust and financial advisory services to fit the needs of our clients, no matter the size. Although we are equipped with the insights and capabilities of the largest financial companies, we provide our clients with the personal relationship afforded at a small community bank. Headquartered in Clayton, MO, Enterprise Bank & Trust operates branch offices in Arizona, Kansas, Missouri, California, New Mexico and Nevada. Enterprise offers a range of business and personal banking services, and wealth management services including financial planning, estate planning, investment management and trust services to businesses, individuals, institutions, retirement plans, and non-profit organizations. Our parent company, Enterprise Financial Services Corp is publicly traded (Nasdaq: EFSC.)