SBA Loan Servicing Associate
Company: Merchants Bank of Indiana
Posted on: November 16, 2023
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
- Familiarity and understanding of all SBA Loan Servicing
- 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
- Exhibit a detailed understanding of Loan Servicing policies and
- 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
- 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
- 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
Keywords: Merchants Bank of Indiana, Carmel , SBA Loan Servicing Associate, Other , Carmel, Indiana
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