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Company

Fifth Third Bank · 5 hours ago

SBA 7A Loan Coordinator II

Cincinnati, OH

Full-time

Remote

Entry, Mid Level

$60K/yr - $114K/yr

1+ years exp

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Responsibilities

Supports the SBA lending leader in the processing of SBA loans for agency (SBA) approval and loan closing for smaller, less complex loans.

Utilize LOB Playbook to be a trusted advisor to our clients resulting in strong client experience (internally and externally) retention/penetration and One Bank execution.

Interface directly with borrowers who have been approved for SBA loans and secure customer acceptance of terms and conditions.

Responsible for the review of SBA eligibility documentation and for ensuring compliance with SBA SOP for loans approved within the Bank's PLP authority, as well as ensuring all SBA and Bank requirements have been met prior to loan closing.

Coordinates the packaging and approval of SBA and other government guaranteed loans in conformance with SBA, USDA, and state specific standard operating procedures.

Ensures assigned loans are closed and funded according to SBA guidelines as well as Bank's internal loan policies.

Ensures that loans are processed according to outlined procedures for 1502 reporting.

Ensures proper payment of guaranty fee to the U.S. SBA.

Develops a working knowledge of all customers, businesses, and prospect opportunities.

Responsible for all SBA loan document preparation including third party document coordination, completion and review.

Collects and reviews all required collateral information.

Maintain reporting on assigned loans regarding loan status, actions taken in loan processing, outstanding items needed for approval and/or loan closing, while offering solutions to clear obstacles in loan processing to meet customer deadlines.

Other duties as assigned.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

SBA regulationsSBA loan packagingSBA loan closingMicrosoft WordMicrosoft ExcelDegree in accountingDegree in financeDegree in economicsSBA experienceU.S. SBA compliance

Required

Bachelor's degree in accounting, finance or economics or equivalent experience.

Minimum 1 year of packaging and closing experience in the SBA industry.

Extensive knowledge of SBA (Small Business Administration) regulations.

Proficient in basic software applications such as Microsoft Word and Excel.

Company

Fifth Third Bank

Glassdoor

3.7

Fifth Third Bancorp is a diversified financial services company, that specializes in small business, retail banking, investments. It is a sub-organization of Fifth Third Bank.

Founded in 1858

Cincinnati, Ohio, USA

10,001+ employees