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SBA Loan Servicing Analyst
| Company | Cross River Bank |
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| Location | Edgewater, NJ, USA |
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| Salary | $60000 – $80000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Mid Level |
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Requirements
- 3+ years of relevant SBA servicing experience
- Familiarity with SBA 1502 Reporting
- Excellent analytical, organizational, written and verbal communication skills
- Demonstrated ability to manage and prioritize multiple tasks under tight time constraints
- Detail-oriented and self-motivated team player with a strong work ethic
- Proficiency with Microsoft Office products
Responsibilities
- Process loan payments, including principal, interest, and escrow payments
- Prepare and send monthly payment statements to borrowers
- Analyze financials and perform annual reviews to monitor the health of the loan portfolio
- Monitor and communicate with borrowers on updated financials per the conditions of the loan closing
- Monitor loan performance and identifying potential risks
- Process loan modifications, extensions, and other changes
- Maintain accurate records of loan balances, payments, and other relevant information
- Manage loan documentation, including loan agreements, security agreements, and other relevant documents
- Respond to inquiries from borrowers and other stakeholders regarding their loans
- Ensure compliance with all regulatory requirements and internal policies and procedures
- Monitor insurance coverage on collateral properties
- Monitor UCC filings and all post-closing items
- Reconcile loan transactions and general ledgers
- Prepare payoff statements and coordinate items and documents for collateral release
- Assist with escrow disbursements
- Perform other duties as assigned
Preferred Qualifications
- Bachelor’s degree in Finance, Business, Accounting, Economics, or a related field preferred
