Administration Specialist Sba Loan
Resume:
Julie Sloan
Alpharetta, GA **009
E-mail: ********@*****.***
Phone: 678-***-****
OBJECTIVE
Seeking a challenging position where I can enhance my knowledge and contribute to the growth of the organization with my skills and experience.
PROFESSIONAL EXPERIENCE
Bank Of The West
SBA Loan Administration Specialist January 2022- January 2023
Process and set closings for SBA GP,7(a) and Express loans including the validations of equity, fees/settlement, and funding of a new loan. This involves systems, forms and documentation to originate funding, wires and boarding.
Provides complete file review of all documentation and issues checklists using bank system to provide clients, sales team with requirements for completing the loan conditions. Partnering with the CDC lending partners for specific loan conditions, as well as strong SBA knowledge for Express, GP 7(a) submissions.
Borrower and others on the team when needed to support workflow. Communicates regularly with borrowers to ensure the process is communicated, and loans are moving through the process within compliance and KPI’s.
Communicates effectively with management, sales personnel, credit personnel and works collaboratively within all teams and processing personnel to ensure clients and loan funding objectives are satisfied.
Knowledgeable in system boarding requirements to ensure boarding packages are complete without error. Includes understanding of all Bank Codes/Fed Class and Products.
Knowledgeable with program requirements, SBA conditions and procedures specific to states in which the bank lends.
Skilled in the working usage of documentation systems, including AFS, Credit Works and Laser Pro, which is integral for creating applicable documents for SBA transactions,
knowledge of Escrow/Title requirements and written instructions to ensure collateral conditions are met on R/E transactions. Business Acquisitions, 7(a), Stock & Asset Transactions, are routine in this position, working with all types of loans including 504 and Small Loan Transactions.
Perform complete loan file, equity and closing loan documentation reviews per division requirements. Ensures all processing tickler items are cleared within 30 days of initial loan funding.
Ready Capital, LLC July 2021 – December 2021
Sr. Analyst - Loan Closing Specialist
Remote Position
Process and close SBA 7(a) Loans.
Review Credit Memo and compile Closing Checklist, detailing documentation required for loan closing within 24 hours. Arrange Conference Call with all parties involved in the closing process. information relevant to loan application, including compilation of borrower's supporting documents Follow up review and approve all Closing checklist/borrower due diligence items required for Loan closing.
Order and review all Third-party reports, Appraisal, Engineering, Environmental, Flood Certificates, OFAC’s, Site Visits, and UCC Searches. Ensure all required insurance has been obtained in accordance with SBA policies.
Equity Injection compile information and submit for review.
Manage the information flow checklists with the Legal Counsel and others that are involved in the closing process
the loan documentation, approval and closing process.
Review Loan documents, Settlement Statement and create Wire Request Form.
Customers Bank January 2019 – July 2021
Closing Manager – Vice President
Remote Position
Responsible for the closing of SBA 7(a) Loans in an accurate and timely manner.
Create Commitment Letters and Term Sheets for new Loans. Verify information relevant to loan applications, including compilation of borrower's supporting documents Collect all documentation that is necessary for the Underwriters (LSP) to complete their submissions. Organize a conference call with all parties involved in closing process, such as Attorney, Loan Officers and the Borrowers.
Order and review all third-party reports, Appraisal, Engineering (Construction/Leasehold Improvement Loans), Environmental, Valuations (Equipment etc.), Flood Certificates, and OFAC’s.
Equity Injection compile information and submit for review.
Manage the information flow checklists with the Legal Counsel and others that are involved in the closing process. Develop close working partnerships with all appropriate parties during the loan documentation, approval and closing process.
Review Loan documentation prior to closing and post-closing.
Responsible for maintaining exceptions.
Signature Bank of Georgia February 2016 – December 2018
SBA VP Loan Operations Manager and Closer
Develop, maintain and manage SBA Packaging and Closing process, including workflow of documents for approval.
Complete ongoing analysis for improved efficiencies and implement applicable processes.
Manage pre-closing checklist with Attorney and customer(s) to ensure that all necessary documentation is acquired
Order and review all third party reports, Appraisal, Engineering (Construction/Leasehold Improvement Loans), Environmental, Valuations (Equipment etc.), Flood Certificates, Tax Transcripts, etc.
Ensure compliance with approval conditions, such as Equity Injection, proper loan to value, Insurance coverage (Life & Business)
Responsible for adhering to Bank and SBA Lending policies.
Manage Closing process, including reviewing Loan documents, and funding the Loan. Construction and or Leasehold Improvement Loans, responsible for coordinating inspections and maintaining draw accounts, until Loan is fully funded.
Live Oak Bank September 2014 – February 2016
SBA Closing Specialist
Responsible for the accurate and timely processing and closing of SBA 7(a) Loans.
Review loan approvals and commitment letters, organize a conference call with all parties involved in closing process. Assists loan officers in obtaining, compiling, and verifying information relevant to loan applications, including compilation of borrower's supporting documents
Prepare checklist of items needed using nCino Software and work directly with Borrower and Attorney’s to obtain the necessary documents.
Order and review/evaluate third party vendor documentation such as appraisals, environmental reports, UCC and lien searches, flood searches, Tax Return transcripts, etc.
Work closely with Contractor to gather final estimates Construction projects, and/or leasehold improvements. Coordinate the preparation of required loan documentation
Reviews all loan documents to ensure documentation is approved and in compliance with regulations and company policy; Prepare and coordinate Closing Figures/Statements against Title HUD/Settlement Statement clears loan exceptions.
Prepares requests for SBA Guaranty, prepares initial funding packages and handles Construction and Leasehold Improvement draws and servicing requests until loan is fully funded.
Hamilton State Bank January 2013 – September 2014
SBA AVP Packager/Closer
Responsible for the accurate and timely processing and closing of SBA 7(a), and SBA 504 Loans
Pull the following reports, Credit Bureaus, both personal and business, AVM’s, CAVIRS, OFAC, and Tax Transcripts.
Input customer information into PCFS FormWrx in order to generate appropriate SBA application and the approval process. Manage the Pre-Closing Checklist with attorney and customer(s) to ensure that all the necessary loan documentation is acquired and all legal recommendations satisfied. Order Third Party Reports, Engineering Review, Environmental Reports, Appraisals, Business Valuations, Flood Certifications, etc. Ensure compliance with approval conditions such as equity injection, disbursements, proper loan/value ratio, proper appraisals, appropriate insurance coverage, etc. Prepare and coordinate Loan funding. Monitor loan closings.
Post-Closing:
Review executed Loan documents, to ensure conformance with SBA approval and conditions. Run appropriate GL tickets, scan, and prepare Loan Files both Electronic and hard copy. Manage disbursement of loan proceeds, such as Construction Draws, FF&E and Working Capital until Loan is fully drawn. Assist in the Managing of the loan portfolio, by tracking and clearing exceptions and any other customer issues.
Sunrise Bank / Capitol Banc Corp March 2011 -January 2013
SBA Operations
Manage and Maintain complete SBA Loan Portfolio, including Non-Performing Assets and OREO’s
Specialize in Bank/Client communication with regard to repayment structure of Non-Performing SBA loans.
Work with Legal department to facilitate Foreclosure process, prepare 10 TAB for Re-Purchase of SBA Loans from the Secondary Market, and facilitate Forbearance Agreements and Payment Deferrals.
Manage Problem Loan Report Spreadsheet, participate in weekly meetings.
First Century Bank December 2009 – March 2011
Mortgage Assistant – Post Closing Department
Review, prepare and ship closed loan files to investors for purchase on the Secondary Market
Responsible for tracking and clearing of final loan conditions by investors for purchase.
Process mortgage payments and manage collection of past due accounts.
Prepare funding wires for mortgage closings.
Handle all customer service inquiries related to closed loans.
KeyWorth Bank (now Renasant Bank) October 2007 - March 2009
Commercial Loan Administrator
Fully administered and maintained Commercial, Construction, Consumer HELOC’s and SBA loan portfolios for two senior lenders.
Coordinated real estate closings with settlement agents and prepared all documents in Laser-Pro.
Input loans into Fidelity Banking system.
Responsible for tracking and clearing of all exceptions related to loan portfolio.
Responsible for opening accounts related to Construction or HELOC draw loans and handled all distribution of funds.
Maintained reporting spreadsheets related to business development and loan pipeline.
Provided excellent client service related to loan portfolio.
North Atlanta National Bank (now Shinhan Bank) July 2006 -October 2007
Loan Administrator
Maintained loan portfolio for Executive Vice President and Senior Vice President of Lending.
Processed, SBA, Commercial, Construction and Consumer loan applications.
Provided order placement of all supporting file documentation (i.e., credit reports, flood certifications, appraisals, vehicle evaluations, title searches.)
Prepared all loan documents in Laser-Pro. Closed and funded the loans.
Processed all draw requests related to the loan portfolio.
Responsible for tracking and clearing of all exceptions.
Reviewed, prepared and shipped closed loan packages for sale to Federal Home Loan Bank.
Assisted in the collection of past due loans
Flag Bank (now PNC Bank), October 2002 - June 2006
Structured/Correspondent Lending Department Loan Administrator- Executive Assistant
Maintained loan portfolio of over $100MM for Senior Lender.
Processed Commercial loans for purchase of real estate properties located throughout the United States.
Provided administrative and sales support from initial loan commitment to loan payoff.
Coordinated real estate closings with settlement agents.
Handled opening of payment reserve accounts and processed draws from reserve accounts.
Performed due diligence on prospective loan acquisitions for the department.
Managed construction inspection report and draw schedules on new construction projects.
Scheduled and coordinated appointment calendar, travel arrangements and expense reports.
First Colony Bank (now dba BB&T), Roswell, GA July 1995 - October 2002
Loan Specialist
Provided dependable sales and administrative assistance to two lenders in all phases of Commercial, SBA, Consumer and new Construction lending.
Processed commercial and consumer loan applications.
Provided order placement of all supporting file documentation (i.e., credit reports, flood certifications, appraisals, title searches.)
Scheduled, managed and coordinated closings with settlement agents.
Prepared all loan documents in Laser-Pro system. Closed and funded loan with Attorney.
EDUCATION
Perimeter College, Dunwoody, GA, Accounting Certification General Accounting
Pace University, New York, NY, Associates Degree in Business
Specialized Skills
Microsoft Word, Excel, Laser-Pro, Phoenix, Fiserv, Fidelity Banking Systems, SBA PCFS, Silverlake, Sales Force, NCino
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