SBA Loan Servicing Specialist - To $80K - Tampa, FL - Job # 3665

SBA Loan Servicing Specialist – To $80K – Tampa, FL – Job # 3665

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill an SBA Loan Servicing Specialist role in the Tampa, FL area. The position is responsible for operational support duties related to the processing, closing, funding, reporting, packaging and selling of the Guaranty, and servicing of SBA & USDA Loans. This position maintains accurate system records, customer service, payment postings, and reconciliations. The Loan Servicing Specialist enters loans into the CAFS/ETRAN for SBA Approval as well as Terms & Conditions.

The opportunity has a generous salary of up to $80K and a benefits package. (This is not a remote position).

SBA Loan Servicing Specialist responsibilities include:

• Review loan closing documents for accuracy and work closely with borrowers, loan officers, attorneys, and SBA Portfolio Managers to clear exceptions and schedule closings. Prepare settlement statements, secure approval for wire transfers, and ensure complete and accurate booking by uploading documents into nCino and verifying entries in Bankway/IBS.
• Prepare unsold loan reports and submit investor requests as well as bid packages for approval to sell the guaranteed portion of SBA 7a and USDA loans. Finalize and submit sale documents.
• Process secondary market bids and sales, and post cash Items to the SBA DDA/Investor account.
• Prepare the packages for sold loans, execute the 1086 Broker Agreement, submit to broker, SBA, Department Manager.
• Transfer funds to the appropriate General Ledgers (GLs) or Demand Deposit Accounts (DDA) for SBA & USDA wires.
• Prepare, edit, research, and maintain FTA 1502 reporting, including supervising Loan Servicing Assistants (1502 Reporters) and supporting on going servicing processes.
• Provide customer service to lenders and SBA & USDA Portfolio Managers, CRE-Construction Department, including answering inquiries related to loan files, account balances, and payoff requests for SBA 7a and USDA B&I loans.
• Submit SBA loan deferment and modification documents to loan servicing and E-Tran.
• Assists portfolio managers with preparation of loan servicing actions and E-Tran servicing adjustments.
• Prepare and send borrower notices regarding late payments, collection, default, and liquidation. Notify the Loan Officer and Portfolio Manager of any concerns, such as site inspections, updated financials, or modification requests submitted and assist with follow-up actions as directed.
• Contacts the Loan Officer or Collateral Site Inspection vendor to perform required site inspections for all loans more than 50 days past due; and annual site inspections as required by the SBA Standard Operating Procedure (SOP).
• Reviews fully funded loans for documentation exceptions and reports the loans to the SBA & USDA Loan Servicing Specialist and Supervisor. Monitor construction loans for fully funded and Certificate of occupancy (C.O.) status.
• Responsible for processing SBA payments including Subsidiary and PPP program as well as overseeing PPP related training and supervision of Loan Servicing Assistants.
• Process loan payments for SBA 7a and USDA B&I loans.
• Updates and monitors the SBA Watch List for all SBA & USDA loans.
• Obtains loan payoffs for borrowers, and Bank employees, including Loan Officers, Loan Officer Assistants, Credit Risk Management personnel.
• Track and resolves technical exceptions.
• Prepares and maintains procedures for job-related duties.
• Establishes loan tickets and pipeline reports.
• Travel as required or requested by management.
• Complete required BSA/AML training and other compliance training as assigned.
• The ability to work in a constant state of alertness and in a safe manner.
• Perform any other related duties as required or assigned.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Broad knowledge of such fields as SBA 7a, accounting, marketing, business administration,
• finance, etc. Equivalent to a four-year college degree or 4 years of SBA 7a-related experience
• and/or training, and 12 to 18 months related supervisor experience, or equivalent
• combination of education and experience.
• Ability to read, analyze, and understand common scientific and technical journals,
• financial reports, and legal documents; Ability to respond to complex or difficult
• inquiries or complaints from customers, regulatory agencies, or members of the
• business community.
• SBA 7a NAGGL Courses/training certifications (Closing/Servicing)
• SBA 504 NADCO Courses/training certifications
• Intermediate: Spreadsheet (Excel)
• Basic: 10-Key, Accounting, Word Processing/Typing

The next step is yours. Email us your current resume along with the position you are considering to:

[email protected]