Guaranteed Loan Coordinator
About The Position
The Lyons National Bank is currently accepting applications for a Full Time Guaranteed Loan Coordinator based out of our Lyons, NY Office. This position will be responsible for providing administrative support to the commercial lending team as needed to keep loans guaranteed by the U.S. Small Business Association (SBA), Farm Service Agency (FSA) and USDA Rural Development (USDA) moving through the lending life cycle. The tasks include processing, packaging, closing and post-closing-related activities. This position will handle reporting and servicing functions which includes coordinating closing with lenders, attorneys, customers, and agents for buyers/sellers, escrow agents and title companies, along with preparing and ensuring the proper documentation for processing. The Guaranteed Loan Coordinator will also determine eligibility, escrow set-ups, and ensure that the loan file is fully documented and compliant per policies. The Guaranteed Loan Coordinator will also handle the disbursement and documentation of funds, and payment applications.
Requirements
- associate’s degree in a related field of study and a minimum of two (2) years as a processor or analyst in a SBA department; or five (5) years of Commercial Loan processing or analyst experience in lieu of a degree
- understanding of federal/state laws regarding bank operations
- technical ability to: operate banking software and other general office equipment
- be able to work with minimal direction
- demonstrate proactive problem-solving ability
- deal with time pressures and changing priorities
- organized verbal/written communication skills in a financial services industry setting
- strong documentation skills
- familiarity with Small Business Administration (SBA) documentation, policies, and procedures as it pertains to the Express, 7(a), and 504 Lending Programs, and knowledge of SBA’s electronic origination and servicing platforms, E-tran (SBA-One), FSA and USDA documentation
Responsibilities
- providing administrative support to the commercial lending team
- processing, packaging, closing and post-closing-related activities
- reporting and servicing functions
- coordinating closing with lenders, attorneys, customers, and agents for buyers/sellers, escrow agents and title companies
- preparing and ensuring the proper documentation for processing
- determine eligibility, escrow set-ups
- ensure that the loan file is fully documented and compliant per policies
- handle the disbursement and documentation of funds, and payment applications
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
