Amplify Credit Union SBA Loan Coordinator in Austin, Texas
THE ROLE The SBA Loan Coordinator is responsible for protecting the Credit Union’s interests by ensuring proper loan documentation and closing packages are compatible with policy, regulatory requirements and loan approvals, administration of a business loan participation program, SBA loan packaging and re-sell activities, SBA loan monitoring, and support of all Business Lending initiatives.
Generates loan documents, either internally or through a 3rd party, which support the business unit and conform to the Credit Union’s servicing platforms
Acts as first point of contact for loan monitoring and reporting between Amplify Members, internal departments, applicable governmental agencies, and third parties
Produces periodic reports to ensure that all loans are serviced and monitored in compliance with closing conditions, Amplify polices, and applicable laws; produces periodic statements of participant account activity and other Accounting reports, including General Ledger reconciliation for Member Business Lending
Develops and implements file documentation workflow; ensures that all loan files are accurately documented, scanned, and stored
Packages and submits SBA 7(a) loan packages to the SBA
Coordinates SBA guarantee re-sale opportunities through relationships with secondary market buyers
Monitors competitive bids and identifies most profitable opportunities to sell SBA guarantees
Ensures timely and accurate monitoring and reporting to maintain SBA compliance for sold loans
Ensures accurate and timely exchange of information between Amplify and participant stakeholders
Coordinates and documents wire transfers among participation partners
Tracks outstanding loan documents and compiles all loan documents into appropriate application files within applicable timeframes
Performs pre-closing lien searches and post-closing lien perfection activity
Performs a post-closing file review after all documents have been received; notifies the Vice President - Commercial Lending of any exceptions
Coordinates loan closings with Commercial Loan Officer, Underwriters, Attorneys, and other Third Parties
Disburses business loan proceeds and draw proceeds for constructions loans, lines of credit, and SBA 7(a) loans
Education and/or Experience
High school diploma or equivalent required. College degree in related field desired.
Minimum of three (3) years of experience preparing documentation for commercial loans.
Minimum of one (1) year experience preparing documentation for SBA 7(a) loans.
Related financial industry experience (mortgage lending and banking) preferred with Credit Union experience highly desired.
Certificates, Licenses, Registrations Must be bondable by a credit union.
Software & Equipment Requirements
To perform this job successfully, an individual should have knowledge of Microsoft Office Suite including, Word, Excel, and Outlook.
Strong analytical and problem solving skills
Familiarity with the SBA 10-Tab Procedures/SBA One
General knowledge of credit union/financial services
Excellent verbal and written communication skills
A passion for people and service, as well as a dedication to building relationships with members
Ability to work with members and staff tactfully and professionally, both personally and on the phone
Ability to work proactively and independently with minimal supervision
Strong computer skills and proficiency with keyboarding in a PC/Windows environment, with an aptitude for learning new software programs
Ability to work flexible hours and overtime as needed
LocationThis position is located in our offices at Parmer Lane and MoPac Expressway (Loop 1). Click here to view the location.
Starting Pay Starting pay for this position is generally between $20 and $25 per hour, depending on experience.
Benefits Amplify offers employees many benefits, including: medical/dental/vision insurance, flexible spending accounts for medical and dependent care, company-provided life and disability insurance, 401(k) plan with matching contributions, fully funded pension plan, profit sharing, paid time off, paid time off to volunteer in the community, paid holidays, discounted gym membership, tuition reimbursement, and a friendly, open work environment. To learn more about our benefits, click here or on the Benefits link in our career site.
Team Member Testimonials Click here to read about some of your potential coworkers and why they enjoy working at Amplify.
Requisition ID: SPEBUS07