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UMB Bank · 2 months ago

Sr. Business Banking Application Processor

Overland Park KS

Full-time

Hybrid

Mid, Senior Level

$39K/yr - $75K/yr

4+ years exp

UMB Bank is a financial institution dedicated to providing a range of banking services. They are seeking a Sr. Business Banking Application Processor to support the Business Banking line by performing application processing tasks for conventional and SBA loans, while ensuring compliance and facilitating communication among various stakeholders.

BankingFinanceFinancial Services

Responsibilities

Monitor and manage work assignments flowing to the department group E-Mailbox

Create loan applications in Capital Stream loan processing system

Review and assure loan applications have all information completed; for incomplete applications, communicate with applicable UMB Officers to collect missing loan application items

Provide guidance to other Application Processors

Function as an internal SBA Loan Processor/Packager gathering forms and documentation required on all SBA approved loans to ensure compliance with SBA program and bank guidelines

Input required loan information into the SBA software system used for packaging the SBA loan

Perform certain SBA processing requirements such as CAIVRS searches, SAM searches and IRS Tax Transcript verification

Assist UMB SBA Program Manager with processing payment of SBA Guaranty Fees and maintaining records for fee payments and ongoing monthly servicing reports

Review approved SBA loans to ensure approval conditions are satisfied prior to loan closing and perform post-closing loan file audits and follow up on technical exceptions

Assist department manager and UMB SBA Program Manager with updating compliance procedures and perform testing on a quarterly basis to verify Adverse Action, Joint Intent, Notice of Appraisal and HMDA compliance

Monitor REG B reports daily to ensure timely decisioning of loan applications and mailing of adverse action (denial) letters

Qualification

SBA loan processingCapital StreamAdvanced PC skillsBanking experienceWritten communicationVerbal communicationInterpersonal skillsTime managementProblem-solvingConfidentiality