Job Information
First Internet Bank of Indiana SBA Servicing Specialist II - Post Closing Compliance in Fishers, Indiana
About the Position:
As the Small Business Administration (SBA) Servicing Specialist II, Post Closing Compliance you are responsible for ensuring all post-closing servicing requirements are being met in accordance with the SBA Standard Operating Procedure (SOP), and compliant with the banks internal loan approval. Your primary day-to-day duties include all aspects of portfolio management as it relates: file maintenance, audit/loan review, and exception clearing for SBA loans.
What You Will Do:
- Assist and perform pre-closing review of loans as necessary
- Assist with and manage transition of loan file from closing to Servicing
- Ensure that loan documentation is properly imaged into the system of record
- Assist and perform the post-closing audit of 7(a) loan files and manage the tracking and clearing of all outstanding loan documents, post-closing and/or loan exception items identified.
- Review equity injection and loan disbursement documentation to ensure compliance with loan program requirements
- Ensure proper securitization and priority of lien according to the approved loan structure
- Verify receipt and proper lien/title of vehicular and rolling stock collateral
- Assist/Manage the customer onboarding process for various platforms in conjunction with the Customer Success Team
- Coordinate with closing department to assist with implementation of review/revisions to controls and process improvement
- Assist the department as needed in the servicing of the banks SBA loan portfolio including financial, insurance and covenant tracking
- Coordinate with Portfolio Managers/Special Assets Manager in transferring distressed loans to intensive servicing department
- Assist leadership with preparation for and processing of internal/external audits for the Small Business Lending team as needed
- Assist in the ongoing revision and implementation of Post-Closing Procedure Manual
- Assist and coordinate with SBA Loan operations on the release of collateral for paid off loans
- Perform other duties as necessary
What Were Looking For:
Minimum of three years of experience in commercial or SBA lending as a processor, packager, or closer for SBA Loans
A college degree in business or a paralegal certification is preferred
Relevant work and experience with SBA lending will be considered
Proficient with Microsoft Office
Working knowledge of PCFS - Loan Manager and nCino
Self-starter that is able to work independently and as a part of a team
Strong work ethic and ability to stay on task for extended periods of time without distraction
Demonstrated ability to complete work in a timely, efficient manner with impeccable accuracy
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