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First Internet Bank of Indiana SBA Servicing Specialist II - Post Closing Compliance in Fishers, Indiana

About the Position:

As the Small Business Administration (SBA) Servicing Specialist II, Post Closing Compliance you are responsible for ensuring all post-closing servicing requirements are being met in accordance with the SBA Standard Operating Procedure (SOP), and compliant with the banks internal loan approval. Your primary day-to-day duties include all aspects of portfolio management as it relates: file maintenance, audit/loan review, and exception clearing for SBA loans.

What You Will Do:

  • Assist and perform pre-closing review of loans as necessary
  • Assist with and manage transition of loan file from closing to Servicing
  • Ensure that loan documentation is properly imaged into the system of record
  • Assist and perform the post-closing audit of 7(a) loan files and manage the tracking and clearing of all outstanding loan documents, post-closing and/or loan exception items identified.
  • Review equity injection and loan disbursement documentation to ensure compliance with loan program requirements
  • Ensure proper securitization and priority of lien according to the approved loan structure
  • Verify receipt and proper lien/title of vehicular and rolling stock collateral
  • Assist/Manage the customer onboarding process for various platforms in conjunction with the Customer Success Team
  • Coordinate with closing department to assist with implementation of review/revisions to controls and process improvement
  • Assist the department as needed in the servicing of the banks SBA loan portfolio including financial, insurance and covenant tracking
  • Coordinate with Portfolio Managers/Special Assets Manager in transferring distressed loans to intensive servicing department
  • Assist leadership with preparation for and processing of internal/external audits for the Small Business Lending team as needed
  • Assist in the ongoing revision and implementation of Post-Closing Procedure Manual
  • Assist and coordinate with SBA Loan operations on the release of collateral for paid off loans
  • Perform other duties as necessary

What Were Looking For:

Minimum of three years of experience in commercial or SBA lending as a processor, packager, or closer for SBA Loans

A college degree in business or a paralegal certification is preferred

Relevant work and experience with SBA lending will be considered

Proficient with Microsoft Office

Working knowledge of PCFS - Loan Manager and nCino

Self-starter that is able to work independently and as a part of a team

Strong work ethic and ability to stay on task for extended periods of time without distraction

Demonstrated ability to complete work in a timely, efficient manner with impeccable accuracy

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