Brokerage, Business Loans, Business Support, Cloud Computing, Dental Insurance, Detail Oriented, Document Management, Documentation, Entrepreneurship, Escrow, Funding, Insurance, Know Your Customer (KYC), Legal Documents, Life Insurance, Loan Closing, Loan Documents, Loan Policy, Loan Processing, Loan Review, Loans, Microsoft Excel, Microsoft Office, Microsoft Outlook, Microsoft Word, Organizational Skills, Post Closing, Problem Solving Skills, Sales Pipeline, Small Business, Standard Operating Procedures (SOP), Team Player, Time Management, Vision Plan
Position: Loan Documentation Specialist
Location: Fort Lauderdale, FL (In-Office)
Salary Range: $50,000 – $70,000, plus commission
About LoanBud
LoanBud is a rapidly expanding fintech focused on supporting small businesses through innovative financing solutions. Our mission is to empower small-business owners by providing streamlined access to capital through SBA and other small-business loans. We foster a culture of growth, teamwork, and dedication to the entrepreneurial spirit.
Position Overview
We're hiring a Loan Documentation Specialist (LDS) to drive clean, compliant, on-time closings for SBA and related small-business loans. You'll collaborate with Business Lending Officers, borrowers, brokers, title/escrow, and lender counterparts to assemble, review, and perfect all documentation required for funding—maintaining momentum, clarity, and adherence to SBA SOP and lender policy.
Key Responsibilities
- Documentation & Closing Execution: Review loan files; build closing/funding checklists; track and clear approval conditions. Prepare lender submissions in accordance with guidelines and SBA SOP; ensure documents align with credit approvals.
- Financial & Eligibility Review: Validate initial eligibility; calculate business and/or global DSCR and flag issues early with proposed mitigants.
- Collateral & Insurance: Determine insurance requirements (hazard/flood/liability; life insurance assignments as needed) and obtain evidence of coverage.
- Entity & Legal Documentation: Review articles, bylaws/operating agreements, partnership/LLC docs; confirm authorized signers, resolutions, BOI/KYC items.
- Communication & Coordination: Provide concise status updates to borrowers, referral partners, and internal teams; schedule closings; escalate blockers with clear next steps.
- Reporting & Quality: Maintain accurate pipeline reports; meet monthly goals for on-time closings and active loans in pipeline; minimize post-closing exceptions.
- Other duties as assigned.
Requirements
- Associate's degree or higher preferred (or equivalent experience).
- 2–4+ years in loan processing/closing, documentation, or credit support; SBA experience strongly preferred.
- Working knowledge of SBA 7(a)/504 processes, closing mechanics, and SOP fundamentals (or strong aptitude to learn quickly).
- Proficiency with MS Office (Word, Excel, Outlook); comfort with cloud doc management and e-signature workflows.
- Detail-oriented, deadline-driven, organized communicator with strong problem-solving skills.
Compensation & Benefits
- Compensation: Base salary $65,000 – $90,000, plus performance bonus.
- Health: Comprehensive medical, dental, and vision insurance.
- Time Off: Generous paid time off to support work–life balance.
- Retirement: Competitive 401(k) plan with substantial company matching.
Equal Opportunity
LoanBud is dedicated to creating a diverse and inclusive work environment. We are an equal-opportunity employer and welcome applications from all qualified candidates.