The SBA Note Officer is responsible for preparing, reviewing, and maintaining SBA loan documentation to ensure compliance with SBA regulations and bank policies. This role supports the end-to-end loan process, from closing to servicing, ensuring accuracy of loan notes and documentation while minimizing risk and maintaining eligibility for SBA guarantees.
POSITION RESPONSIBILITIES
Loan generation, funding and boarding
Handles charge off, down grade and non-accrual placement
Reviews and monitors collateral insurances.
Handles general loan servicing for SBA 7a loans
Reviews daily loan payment and charge back
Monitors tickler report and UCC continuation
Reviews participation payment holdover G/L
Reviews participation payment submission
Handles monthly SBA 1502 report including late payment submission
Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti-Money Laundering, Code of Conduct, and etc.). Must complete all required training
SKILLS / QUALIFICATIONS
Must be detail oriented
Dependable, reliable, and a self-starter with multi-tasking skills.
Strong knowledge of SBA SOP guidelines (7(a) and/or 504 programs)
Substantial knowledge of loan operation, servicing, and documentation
EDUCATION / EXPERIENCE
Bachelor's degree preferred
Minimum Experience: 5+ years' Lending and Loan Servicing experience.