iBusiness Funding
SBA Quality Control Specialist (Work from Home)
iBusiness Funding, New York, New York, United States,
About iBusiness Funding
iBusiness Funding is a leader in providing innovative Software as a Service (SaaS) solutions for banks and lenders, with a specialization in SBA lending. We build scalable lending platforms that streamline the business lending process, allowing lenders to efficiently deliver capital to small and medium-sized businesses.
To date, we've processed over $7 billion in SBA loans and handle more than 1,000 business loan applications daily. Our team is driven by our core values of innovation, integrity, enjoyment, and family.
As a top five SBA 7(a) preferred lender, our parent company offers SBA express and small loan capabilities. Join us and be part of a team that's transforming the finance industry and empowering businesses to thrive!
Position Description:
*Please note this position is not eligible for candidates located in the following U.S. States: CA, CO, WA, or NY. This position is U.S. Based Remote Only*
We are looking for an SBA Quality Control Specialist to join our growing Pre and Post-Closing team. Through a dynamic, customer-centric model, this position will play a critical role in the proactive management of risk in the portfolio and in the participation of corresponding government loan programs. A successful candidate will possess the analytical thinking skills necessary to analyze and synthesize information to understand issues, identify options, and support sound decision making to contribute to the overall goals and objectives of iBusiness Funding.
Essential Duties and Responsibilities:
Provide a thorough review of documentation and compliance of SBA pre and post closing loans for accuracy and completeness in accordance with Bank Policy and SBA SOP Guidelines
Reviews include, but are not limited to: Credit memos, leases, real estate/asset/stock purchase agreements, corporate/entity documents, equity injection documents, ensuring borrowers financial data is current, review final estimates/budgets for construction projects and leasehold improvements, all insurances (flood, BPP, liability, hazard, life), real estate title commitments/policies, use of funds.Review Third-party reports and searches including, but not limited to: Appraisals, Valuations, Environmental, Background, Credit reports, CAIVRS, Clear Reports and OFAC.Review all post closing documentation, checking for dates, signatures, and 100% accuracy on all documentationConfirm all post closing items have been received
Work closely and build professional relationships with Credit, Attorneys and Closing Departments to reconcile missing or incomplete loan-related documentationPresent any deficient findings to the closer for both pre and post close reviewsRespond to inquiries relating to exceptions from all levels of the organizationKeep abreast of day to day policy and procedure and SBA SOP changesQualifications for Success:
4 Year college degree or relevant industry experience preferred.4 or more years in banking, credit, finance, or lending related experience preferred.SBA 7a lending experience is a must.Experience in an SBA compliance function preferred.Experience with construction and acquisition loan structures is a must.Able to demonstrate effective organization, critical thinking, and problem-solving skillsAble to demonstrate initiative to accomplish work objectivesAble to manage multiple tasks while meeting deadlines in a fast-paced work environmentAble to work effectively in a team environmentAble to prioritize and operate with a sense of urgencyStrong verbal and written communication skillsRequires knowledge of Microsoft Office
Conclusion:
This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information or any other characteristic protected by law.
iBusiness Funding is a leader in providing innovative Software as a Service (SaaS) solutions for banks and lenders, with a specialization in SBA lending. We build scalable lending platforms that streamline the business lending process, allowing lenders to efficiently deliver capital to small and medium-sized businesses.
To date, we've processed over $7 billion in SBA loans and handle more than 1,000 business loan applications daily. Our team is driven by our core values of innovation, integrity, enjoyment, and family.
As a top five SBA 7(a) preferred lender, our parent company offers SBA express and small loan capabilities. Join us and be part of a team that's transforming the finance industry and empowering businesses to thrive!
Position Description:
*Please note this position is not eligible for candidates located in the following U.S. States: CA, CO, WA, or NY. This position is U.S. Based Remote Only*
We are looking for an SBA Quality Control Specialist to join our growing Pre and Post-Closing team. Through a dynamic, customer-centric model, this position will play a critical role in the proactive management of risk in the portfolio and in the participation of corresponding government loan programs. A successful candidate will possess the analytical thinking skills necessary to analyze and synthesize information to understand issues, identify options, and support sound decision making to contribute to the overall goals and objectives of iBusiness Funding.
Essential Duties and Responsibilities:
Provide a thorough review of documentation and compliance of SBA pre and post closing loans for accuracy and completeness in accordance with Bank Policy and SBA SOP Guidelines
Reviews include, but are not limited to: Credit memos, leases, real estate/asset/stock purchase agreements, corporate/entity documents, equity injection documents, ensuring borrowers financial data is current, review final estimates/budgets for construction projects and leasehold improvements, all insurances (flood, BPP, liability, hazard, life), real estate title commitments/policies, use of funds.Review Third-party reports and searches including, but not limited to: Appraisals, Valuations, Environmental, Background, Credit reports, CAIVRS, Clear Reports and OFAC.Review all post closing documentation, checking for dates, signatures, and 100% accuracy on all documentationConfirm all post closing items have been received
Work closely and build professional relationships with Credit, Attorneys and Closing Departments to reconcile missing or incomplete loan-related documentationPresent any deficient findings to the closer for both pre and post close reviewsRespond to inquiries relating to exceptions from all levels of the organizationKeep abreast of day to day policy and procedure and SBA SOP changesQualifications for Success:
4 Year college degree or relevant industry experience preferred.4 or more years in banking, credit, finance, or lending related experience preferred.SBA 7a lending experience is a must.Experience in an SBA compliance function preferred.Experience with construction and acquisition loan structures is a must.Able to demonstrate effective organization, critical thinking, and problem-solving skillsAble to demonstrate initiative to accomplish work objectivesAble to manage multiple tasks while meeting deadlines in a fast-paced work environmentAble to work effectively in a team environmentAble to prioritize and operate with a sense of urgencyStrong verbal and written communication skillsRequires knowledge of Microsoft Office
Conclusion:
This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information or any other characteristic protected by law.