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SBA Loan Servicing Associate

Company: Merchants Bank of Indiana
Location: Carmel
Posted on: November 16, 2023

Job Description:

As the SBA Loan Servicing Associate, you will routinely communicate and manage relationships with borrowers. Within the servicing portfolio, you will modify and efficiently update insurance documents within a timely manner. The associate will review all loan payments as they post to CSI to verify accurate posting to loans. This role will serve in-office at our Carmel, IN Headquarters. If you are ready to make an impact with small business owners, then apply TODAY! In one year as an SBA Loan Servicing Associate, you will know if you were successful if you---

  • Familiarity and understanding of all SBA Loan Servicing policies (SOP)
  • Become a proficient user in CSI (our core banking system)
  • Review and support Loan On-Boarding Process.
  • Collect and review borrower financials and insurance documentation for accuracy and compliance.
  • Forward financials to our Portfolio Management Team and contact insurance companies if insurance docs are not filled out correctly.
  • Exhibit a detailed understanding of Loan Servicing policies and procedures.
  • Keep complete and accurate electronic documentation.
  • Will become the full back up to the SBA Servicing Manager, which will include completing the 1502 report in a timely manner and making disbursements of unfunded loans, including construction draws.
  • Performs other duties as required. We are looking for---
    • Bachelor's Degree or Equivalent Work Experience.
    • Knowledge of loan processing and basic accounting. Knowledge of legal and closing documents, insurance documents, and construction documents.
    • Knowledge of SBA Government Guaranteed Loans.
    • Proficient in Microsoft Office
    • 5 years in SBA Lending or Commercial Lending preferred. Ranked as the top-performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a division of Merchants Bank of Indiana.PM20 #BKPI0534f0d9d9e8-31181-33194996

Keywords: Merchants Bank of Indiana, Carmel , SBA Loan Servicing Associate, Other , Carmel, Indiana

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