Sr. SBA/Commercial Managed Loan Specialist
Company: Redwood Credit Union
Location: Santa Rosa
Posted on: June 12, 2021
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.
- 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
- 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
- Solid background in problem credit administration, including
bankruptcy law, real estate law and legal collection
- 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.
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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