Loan Processor

• Coordinate with members, lenders, sales agents, and escrow companies throughout the loan origination process
• Collaborate cross-functionally to ensure government-guaranteed loans are processed and closed accurately, efficiently, timely, and in accordance with Credit Union, SBA, USDA, and regulatory requirements
• Analyze business loan structures and determine appropriate due diligence based on risk, policy, and regulatory guidelines
• Review loan approvals to determine borrower, collateral, guarantor, loan structure, and due diligence requirements
• Prepare SBA Master Needs Lists
• Ensure good faith deposits are received and proof is uploaded to the loan origination system
• Determine and obtain approvals for compliance requirements including CIP, BSA, ECOA, and OFAC
• Communicate proactively with borrowers, sales, credit, external partners, and third-party vendors
• Order and review title commitments, flood certifications, Certificates of Good Standing, UCC searches, site visits, tax/lien/judgment searches, Tax Transcripts, CAIVRS, and other required reports
• Prepare loan closing documentation using the loan documentation system
• Work with CDC to obtain Debenture funding on 504 Loans
• Collaborate with Government Guaranteed Servicing to ensure loans are boarded accurately according to loan approval
• Collaborate with Portfolio Managers on changes in terms for existing loans
• Determine whether underwriting approval conditions have been satisfied and resolve discrepancies
• Determine closing date expectations and advise sales and credit of obstacles
• Clear liens and credit approval conditions before closing
• Coordinate closings with attorneys, title companies, members, and loan officers
• Prepare loan funding and disbursement packages, review settlement statements, and balance disbursements with escrow/title
• Direct disbursement of loan proceeds and construction holdback funds
• Submit loan files for pre-close review and resolve discrepancies
• Review loan presentations for correct portfolio and regulatory reporting codes
• Monitor and update the pipeline report to meet internal SLAs
• Process Adverse Actions requests
• Review executed loan documents and verify signatures, dates, data, and closing conditions before funding
• Obtain SBA approvals via ETRAN
• Collaborate with Loan Officers and/or Portfolio Managers to draft 327 Actions to the SBA
• Organize electronic files, input ticklers, collect trailing post-close documents, and file items in the centralized documentation system
• Enter data and maintain data integrity in the commercial loan origination system
• Ensure loan packages are complete and sent to the vault
• Apply credit policy, SBA SOP rules, regulations, and procedures to mitigate risk and protect the loan guaranty
• Coach internal business partners on government-guaranteed lending processes
• Assist with member inquiries and ensure timely resolution
• Assist and collaborate with the credit officer during OCRM oversight audits
• Perform other duties as assigned

Explore Government Guaranteed Loan Processor – Closer II at Arizona Financial Credit Union. Review requirements and application details.