Job Information
Community Bank & Trust - West Georgia SBA Small Loan Coordinating Manager in Lagrange, Georgia
Position Summary:
A small loan coordinating manager is responsible for overseeing the 7(a) small loan application process, supervising and mentoring loan officers and agents, and ensuring compliance with company policies and regulatory requirements. They shall perform administrative and clerical duties, file reports, monitor transactions, review credit applications and review closing documentation. Other duties include applicants' credit scores, debt service coverage and other aspects of the loan request, recommending approval for acceptable loan requests. Managing the loan process from start to finish, including preparing loan documents, verifying customer information, and processing loan payments is the main responsibility for this position in the short term, developing into managerial oversight in the long term.
Job Duties/Responsibilities:
Work with applicants, loan officers, and outside referral sources for the receipt of loan applications and applicable documents, with a reliance on bank software to automate and streamline the process.
Review the application for completeness and collect any missing items.
Ensure the bank software provides all applicable metrics and verify that the calculations for debt service coverage, etc are correct.
Recommend approval as appropriate and work with the decision maker regarding the approval or decline.
Convey the decision to the borrower, as well as loan officer and/or outside referral source. Generate approval or decline letter and either collect any additional Good Faith Deposit (GFD) funds or refund any funds if necessary.
Perform required due diligence in conjunction with loan approval to ensure bank is in the proper lien position, there are no unexpected issues, etc.
Submit approved loan to the SBA via Etran for approval. Resolve any hold codes.
Prepare loan documents, ensuring the documents are complete and accurate, and ensure the borrower(s) and all guarantors execute the documents correctly.
Work with Loan Ops regarding funding of the loan.
Work with other areas of the bank as needed, including providing necessary information for the bank to sell the loans on the secondary market, etc.
Respond to any issues highlighted by the post-close audit to ensure loan file is complete.
Transfer completed loan file to servicing.
Maintain a work area that ensures the safety and confidentiality of all customer records and transactions.
Understand and comply with Bank Secrecy Act and Anti-Money Laundering Policies and Procedures as appropriate.
Confidently embody the values of CBT.
Represent Community Bankshares Inc and/or its subsidiaries in the community and at community events as appropriate.
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