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Centennial Bank · 2 months ago

SBA & USDA Loan Servicing Specialist

Tampa, Florida, United States

Full-time

Onsite

Mid, Senior Level

2+ years exp

Centennial Bank is seeking an SBA & USDA Loan Servicing Specialist to manage operational support duties for SBA and USDA loans. The role involves processing, closing, funding, reporting, and servicing of loans while ensuring accuracy and compliance with regulations.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Review loan closing documents for accuracy and work closely with borrowers, loan officers, attorneys, and SBA Portfolio Managers to clear exceptions and schedule closings. Prepare settlement statements, secure approval for wire transfers, and ensure complete and accurate booking by uploading documents into nCino and verifying entries in Bankway/IBS

Prepare unsold loan reports and submit investor requests as well as bid packages for approval to sell the guaranteed portion of SBA 7a and USDA loans. Finalize and submit sale documents to investors, including the 1086 Agreement, and send confirmations to the President/CLO to initiate accounting allocations. Notify the appropriate Region of the completed loan guaranty sale

Process secondary market bids and sales, and post cash Items to the SBA DDA/Investor account

Prepare the packages for sold loans, execute the 1086 Broker Agreement, submit to broker, SBA, Department Manager

Transfer funds to the appropriate General Ledgers (GLs) or Demand Deposit Accounts (DDA) for SBA & USDA wires

Prepare, edit, research, and maintain FTA 1502 reporting, including supervising Loan Servicing Assistants (1502 Reporters) and supporting on going servicing processes

Provide customer service to lenders and SBA & USDA Portfolio Managers, CRE-Construction Department, including answering inquiries related to loan files, account balances, and payoff requests for SBA 7a and USDA B&I loans

Submit SBA loan deferment and modification documents to loan servicing and E-Tran

Assists portfolio managers with preparation of loan servicing actions and E-Tran servicing adjustments

Prepare and send borrower notices regarding late payments, collection, default, and liquidation. Notify the Loan Officer and Portfolio Manager of any concerns, such as site inspections, updated financials, or modification requests submitted and assist with follow-up actions as directed

Contacts the Loan Officer or Collateral Site Inspection vendor to perform required site inspections for all loans more than 50 days past due; and annual site inspections as required by the SBA Standard Operating Procedure (SOP)

Reviews fully funded loans for documentation exceptions and reports the loans to the SBA & USDA Loan Servicing Specialist and Supervisor. Monitor construction loans for fully funded and Certificate of occupancy (C.O.) status

Responsible for processing SBA payments including Subsidiary and PPP program as well as overseeing PPP related training and supervision of Loan Servicing Assistants

Process loan payments for SBA 7a and USDA B&I loans

Updates and monitors the SBA Watch List for all SBA & USDA loans

Orders valuation updates on real estate collateral (RIMS or Desktop Valuations) and Business Valuations/FFE/M&E and 4 COP/Liquor License in Florida ONLY

Obtains loan payoffs for borrowers, and Centennial Bank employees, including Loan Officers, Loan Officer Assistants, Credit Risk Management personnel

Track and resolves technical exceptions

Prepares and maintains procedures for job related duties

Establishes loan tickets and pipeline reports

Travel as required or requested by management

Complete required BSA/AML training and other compliance training as assigned

The ability to work in a constant state of alertness and in a safe manner

Perform any other related duties as required or assigned

Qualification

SBA 1502 ReportingSBA System-CAFS/ETRANSBA 7a CoursesAccountingDatabasePresentation/PowerPointCustomer ServiceMathematical SkillsSupervisory SkillsAlphanumeric Data EntryWord ProcessingSpreadsheetCritical Thinking

Required

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc

Equivalent to a four year college degree

2 years related experience and/or training

12 - 18 months related management experience

Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents

Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry

Ability to define problems, collect data, establish facts, and draw valid conclusions

Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables

SBA 1502 Reporting to the FTA

Advanced level of computer and mathematical skills

SBA System-CAFS/ETRAN

NAGGL (SBA 7a Courses)

Basic: Alphanumeric Data Entry, 10-Key

Intermediate: Presentation/PowerPoint, Database, Accounting

Advanced: Word Processing/Typing, Spreadsheet

Preferred

Previous Banking experience

SBA 7a and SBA 504 experience (SBA SOP)

USDA B&I/Agricultural knowledge

Secondary Market/1086 Agreement

Company

Centennial Bank

Centennial Bank offers businesses, investors, and municipalities a wide range of commercial, retail banking, and related financial services.

Founded in 1999

Conway, Arkansas, USA

1001-5000 employees

https://www.my100bank.com/

H1B Sponsorship

Centennial Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2025 (1)

2021 (1)