Sr. Processor Small Business Administration

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

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Salary: $79,750.00 - 139,730.00 annually

AIP/Bonus: up to 10%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:

• Medical, prescription, dental, and vision coverage for employees and their eligible family members

• Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits

• Health Savings Account with employer contribution

• Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit

• 401(k) and Roth 401(k) with company contribution

• 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program

• Supplemental Health plans, Voluntary Legal and Identity Theft Services

• 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year

• Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCPhere.

• To learn more about Mechanics Bank's California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit

  California Privacy Policy for Prospective Employees | Mechanics Bank

[1] The benefits listed in this job posting reflect the Bank's most reasonable and genuinely expected benefits offered for this position.