WaFd Bank · 1 month ago
Senior SBA Loan Coordinator
US-WA-Seattle
Full-time
Onsite
Senior Level
5+ years expWaFd Bank is committed to providing exceptional service and support in the lending operations sector. The Senior SBA Loan Coordinator is responsible for managing the SBA loan process from application to closing, ensuring compliance and effective communication among all parties involved.
BankingFinanceFinancial Services
Responsibilities
Serve as the subject matter expert on SBA loan documentation, eligibility, application packaging, and compliance requirements
Coordinate and manage the end-to-end loan process for SBA 7(a) and 504 loans, including file intake, eligibility analysis, underwriting coordination, and closing preparation
Review and validate borrower documentation to ensure it meets SBA guidelines prior to submission to underwriting
Work with loan officers and underwriters to gather required documents and respond to credit and SBA queries
Prepare and review SBA loan application packages, including E-Tran submission, and track approvals
Oversee the collection and verification of all post-approval conditions prior to closing and funding
Collaborate with internal and external partners (borrowers, attorneys, title companies, and SBA representatives) to coordinate loan closings
Ensure complete and compliant loan files are maintained in accordance with bank and SBA record retention policies
Provide training and guidance to other SBA Specialists
Stay current on changes in SBA SOPs, regulatory guidance, and industry trends
Adhere to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act, and OFAC regulations
Avoid all real or perceived conflicts of interest and always maintain client privacy and confidentiality
Perform other job duties as assigned
Support audits, reviews, and reporting as needed
Qualification
Required
Bachelor's degree in business, finance, accounting, or related field preferred
Minimum of 5 years of experience in SBA lending or loan coordination, including extensive experience with SBA 7(a) and/or 504 loan programs
Strong knowledge of the current SBA SOP and SBA E-Tran systems
Experience with loan origination systems (e.g., LaserPro, nCino, or similar) is preferred
Effective Communication - Facilitate consistent and clear communication between clients and internal teams to ensure seamless operations
Problem Resolution - Handle complex quality control issues and situations, providing solutions that align with policy and regulatory requirements
Regulatory Compliance - Follow established processes and standards to comply with relevant regulations and company policies
Attention to Detail - Must have good typing and clerical skills, as well as accuracy and attention to detail
Must be proficient with Microsoft Office applications (primarily Word, Excel and PowerPoint)
Organized and efficient – must be able to prioritize work assignments in a consistent manner to ensure timely and efficient production
Preferred
Bachelor's degree in business, finance, accounting, or related field preferred
Experience with loan origination systems (e.g., LaserPro, nCino, or similar) is preferred
Benefits
Paid time off for vacation, sick days and holidays
Health insurance
Stock options
Generous 7% 401(k) employer matching*
Paid Parental Leave
Life and AD&D insurance
Long-term disability
Tuition Reimbursement
Employee assistance programs
Pre-tax health and dependent-care spending plans
Company
WaFd Bank
WaFd Bank provides banking and financial services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Joy Barrett
Senior Vice President Banking Division Manager
Colin Murphy
Regional President
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