Mechanics Bank is currently searching for a Sr. Processor Small Business Administration to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site in our Seattle Corporate Office.
The SBA Sr. Loan Processor will be responsible for supporting all SBA loan origination efforts by reviewing, packaging, and completing all SBA requests. This may include, developing a needs list, tracking orders for third party reports, assisting underwriters in clearing pre-funding conditions, coordinating closings with title officers and legal counsel. Once approved, the Sr. Processor will work with the underwriters, and RM’s ensuring that the SBA package complies with all required SBA rules and regulations and to ensure a clean SBA file audit.

What you will be doing:

• Responsible for packaging, and processing SBA loans and work closely with RM, the SBA closer, client and brokers throughout the underwriting and closing process.
• Ensures that the SBA package is complete and accurate in complying with SBA SOP procedures and bank policy and procedures.
• Gather and verify all necessary information in order to prepare the SBA application; to include business plan, tax returns, equity injection, and other necessary SBA forms.
• Reviews and comprehends complex loan documentation, loan terms and financial elements for accuracy and consistency with the credit approvals.
• Notifies the RM, underwriter and client of items missing or required for corrections.
• Organize loan files; prepare and maintain needs list and follow-up as required to ensure receipt of all necessary documents.
• Prepare the SBA application package and submission to the SBA ensuring accuracy and completeness.
• Interface with other departments and SBA in servicing clients.
• Coordinates and maintains all construction budgets, draws, reconciliations, inspections, maturities and extensions.
• Review all SBA documents necessary to meet Lender and SOP policies and procedures.
• Reviews requests for changes and/or waivers to certain loan documents and conditions within scope of authority.
• Identifies issues and concerns, coordinates communication of requests with RM, underwriter and/or management for resolution.
• Oversee Jr. processor daily loan process flow duties, which may include obtaining organizational documents, appraisal and environmental reports, UCC searches, credit reports, CAIVRS, OFAC, SAM’s CIP, Flood searches and requesting 4506 Request for Transcripts.
• Provides input and answers questions relating to loans being reviewed by internal and external examiners.
• Works on special projects related to origination, processing, loan documentation, closing and disbursement processes
• Interface with other departments and SBA in servicing clients.
• Assume other responsibilities or special duties associated with the function of the Department as may be delegated by SBA manager and senior management.
• Participates in required companywide training.

Who you are:

• Bachelor’s Degree or equivalent work experience required.
• A minimum of 7 years’ experience in SBA loan processing and/or SBA and commercial loan documentation knowledge is required.
• Thorough knowledge of SBA SOP, USDA B & I is required
• Ability to maintain a high level of accuracy and attention to detail
• Ability to work independently and handle multiple priorities concurrently
• Excellent command of the English language; excellent writing skills
• Familiarity with real estate lending and accounting terminology

• Responsible for packaging, and processing SBA loans and work closely with RM, the SBA closer, client and brokers throughout the underwriting and closing process.
• Ensures that the SBA package is complete and accurate in complying with SBA SOP procedures and bank policy and procedures.
• Gather and verify all necessary information in order to prepare the SBA application; to include business plan, tax returns, equity injection, and other necessary SBA forms.
• Reviews and comprehends complex loan documentation, loan terms and financial elements for accuracy and consistency with the credit approvals.
• Notifies the RM, underwriter and client of items missing or required for corrections.
• Organize loan files; prepare and maintain needs list and follow-up as required to ensure receipt of all necessary documents.
• Prepare the SBA application package and submission to the SBA ensuring accuracy and completeness.
• Interface with other departments and SBA in servicing clients.
• Coordinates and maintains all construction budgets, draws, reconciliations, inspections, maturities and extensions.
• Review all SBA documents necessary to meet Lender and SOP policies and procedures.
• Reviews requests for changes and/or waivers to certain loan documents and conditions within scope of authority.
• Identifies issues and concerns, coordinates communication of requests with RM, underwriter and/or management for resolution.
• Oversee Jr. processor daily loan process flow duties, which may include obtaining organizational documents, appraisal and environmental reports, UCC searches, credit reports, CAIVRS, OFAC, SAM’s CIP, Flood searches and requesting 4506 Request for Transcripts.
• Provides input and answers questions relating to loans being reviewed by internal and external examiners.
• Works on special projects related to origination, processing, loan documentation, closing and disbursement processes
• Interface with other departments and SBA in servicing clients.
• Assume other responsibilities or special duties associated with the function of the Department as may be delegated by SBA manager and senior management.
• Participates in required companywide training