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Sr. SBA/Commercial Managed Loan Specialist

Company: Redwood Credit Union
Location: Santa Rosa
Posted on: June 12, 2021

Job Description:

Responsible for administration of assigned portfolio of SBA and Commercial Watch/Classified loans, including meeting with Borrower/Members, negotiating various loan default resolutions, analyzing distressed credits or non-performing assets, and recommending appropriate Loan Risk Rating, feasible Action/Work-Out Plans, collateral liquidation and/or asset disposition strategies. Coordinates and/or prepares all related legal documentation and internal management reporting. Acts as liaison with legal counsel, SBA officials and any related industry professionals.

Additionally, responsible for administration of commercial construction loan portfolios, including draw disbursements, modifications and extensions, coordinate 504 debenture pay off activities. Ensures the job is timely completed, the Credit Union interests are maintained and risk minimized. Oversee the third party vendor for collateral insurance monitoring, reviewing of reports, coordinating resolution, ensuring timely payment of force placed coverage premiums and maintaining Member service levels. Perform a variety of duties within the Business Services Department supporting SBA lending and other aspects of the department's commercial lending activities.

Required Skills

  • Extensive knowledge of SBA Loan Program Requirements and related Regulatory guidelines for SBA/Commercial/Construction lending activities, documentation, servicing and commercial real estate loan closing procedures and practices.
  • Extensive knowledge in collateral perfection and related documentation.
  • Extensive knowledge in Commercial Construction loan documentation, collateral perfection, project management, lien waiver/construction law, disbursement and draw processing, whether through direct disbursement or Third Party Funds Control Company.
  • Solid background in problem credit administration, including bankruptcy law, real estate law and legal collection strategies.
  • Skill in operation of a PC with Internet and intranet access, MS Office Suite, core operating system/Symitar, in-house Loan Documentation Systems (LaserPro, Word templates, Form Wrx.), various software specific to the position, and the use of word processing, spreadsheet and presentation software.

Required Experience

A combination of education and experience equivalent to an Associates' Degree plus a minimum of - five to eight years progressively responsible experience in SBA, Commercial RE, Commercial Construction administration, troubled SBA/Commercial loan portfolio administration, commercial/business lending documentation, Commercial RE Title/Land Use, and/or legal/bankruptcy/collections of SBA/Commercial credit.

Keywords: Redwood Credit Union, Santa Rosa , Sr. SBA/Commercial Managed Loan Specialist, Other , Santa Rosa, California

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