The SBA Loan Coordinator is responsible for the preparation of loan packages for submission to the Small Business Administration and other government agencies for commercial loan approvals.
WHAT YOU'LL BRING
Strong oral and written communication skills
Strong organizational skills
Take independent action within established options and develops new procedures and approaches to problems when necessary
Analyze assignments based on a wide knowledge of many factors where application of advanced or technical concepts are required
Maintain visual attention and mental concentration for extended periods of time
Perform duties and make decisions under frequent time pressures
Independently be able to prioritize workflow to meet deadlines
Process SBA 7(a) loan files; occasionally SBA 504 and Conventional loan files.
Oversee, order, and track due diligence items such as title policies, environmental reports, etc.
Coordinate the collection of required documentation from borrower and/or lender.
Organize application packages into a standardized format to prepare for submission to underwriting; additionally, prepare and assemble SBA liquidation guaranty purchase packages.
Contact lenders, title companies, insurance agents, and others to ensure missing post-closing documents have been obtained and make sure that files are complete with all final recorded documents.
Order credit reports, as needed.
Verify accuracy of documents based on type of loan.
Prepare settlement sheets for loan disbursements and verify that documentation supports the original authorization.
Supports departmental duties including answering phones, processing incoming and outgoing mail and deliveries, maintaining office equipment, ordering supplies, maintaining filing systems, etc.
As part of the loan package prepare SBA loan documentation in either LaserPro software or on Microsoft Word.
Potentially work with outside counsel in order to have 3 rd party loan documents prepared.
WHY IT MATTERS
The SBA Loan Coordinator is an integral part of the SBA Lending Team with primary responsibility to provide service excellence to the bank's loan customers by the preparation of complete closing packages with focus on protecting the SBA Loan Guaranty and the integrity of the Bank.
EDUCATION AND TRAINING
Requires High School diploma.
Requires 2 or more years of commercial loan and/or SBA loan documentation knowledge.
Requires knowledge of Microsoft Office.
Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.
Internal Number: SBALO03104
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.