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SBA Loan Officer I (“LO”) is responsible for the underwriting, documentation, processing, and maintenance of lending products and loan files.
JOB RESPONSIBILITY AND DUTIES:
1. Under supervision, underwrite SBA guaranteed loan products, primarily 7a and 504 loans following the bank’s loan policy and procedures, SBA guidelines, and general prudent lending practice.
2. Underwrite commercial loan products following the bank’s loan policy and procedures, and general prudent lending practice.
3. Perform credit analysis and spreads on financial information and review application for SBA eligibility determination.
4. Interview applicants for new loans and discuss loan products and requirements; Perform credit analysis and spreads on financial information; and communicate with management on loans.
5. Site visitations to new borrowers and existing borrowers.
6. Prepare & review files for policy, regulatory, and documentation compliance, including equal credit, fair credit reporting, BSA, and other regulatory requirements.
7. Prepare documents and meet with borrowers for proper, accurate, and timely signing of loan documents as well as notarization (if applicable).
8. Follow up with tickler items.
9. Review weekly past due reports to monitor payment performance of each borrower and take appropriate actions for delinquent borrowers.
10. Maintain and monitor existing loan files; obtain & review updated financial information, prepare and analyze reports, as needed.
11. Provide quality service to all clients and potential clients of the Bank, as needed and as required for obtaining necessary documents for other departments of the Bank.
12. Maintains high level of awareness in areas of regulatory compliance, loss prevention, security matters and adherence to Bank’s policies and procedures.
13. Stay informed on all policies, practices, regulations, and laws applicable to your position.
QUALIFICATIONS:
Education and/or experience:
• Bachelor’s degree in Business Administration or related field or equivalent work experience.
• Minimum 1 year of experience in banking and/or lending required.
• Ability to retain broad knowledge of lending tasks.
• Strong analytical skills with a thorough understanding of lending operations and client needs.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.
Full Time
Banking
$86k-113k (estimate)
05/24/2023
07/20/2024
myopenbank.com
GARDENA, CA
100 - 200
2005
Public
RICHARD MARUOKA
$50M - $200M
Banking
OpenBank is a provider of banking, loan solutions, investments and financial services.
The job skills required for SBA Loan Officer I include Underwriting, Regulatory Compliance, Commercial Loans, etc. Having related job skills and expertise will give you an advantage when applying to be a SBA Loan Officer I. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by SBA Loan Officer I. Select any job title you are interested in and start to search job requirements.