SBA Loan Officer

Commonwealth Business Bank
Los Angeles, CA Full Time
POSTED ON 4/23/2024

POSITION OVERVIEW

The SBA Loan Officer underwrites and processes new loan requests.

 

POSITION RESPONSIBILITIES

  • Supports credit lending decisions by analyzing SBA loan request, underwriting, structuring, and the closing of SBA loans
  • Ensures all information is accurate and complete.  All guidelines, policies and procedures, and regulation are to be followed
  • Creates financial spreadsheets and analyze, structure and underwrite loans
  • Develops cash flow from tax returns
  • Originates loans from application to closing and work closely with Escrow, Title and all parties involved
  • Monitors and report delinquencies
  • Performs periodic portfolio maintenance
  • Prepares loan compliance reports
  • Timely collection of financial updates
  • Conducts site visitation
  • Manages new and existing clients
  • Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti-Money Laundering, Code of Conduct, and etc.).   Must complete all required training

 

SKILLS / QUALIFICATIONS

  • Working knowledge of credit analysis
  • Ability to work on multiple loans simultaneously
  • Working knowledge of Microsoft Office
  • Effective written, verbal and organizational skills and meticulous attention to detail
  • Ability to deal effectively and tactfully with all types of customers

 

EDUCATION / EXPERIENCE

  • Minimum of 3-5 years of experience in SBA
  • Bachelor’s Degree from an accredited 4-year University

Salary.com Estimation for SBA Loan Officer in Los Angeles, CA
$65,992 to $98,163
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