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Summary:
- Hanover Bank is looking for a full-time Government Guaranteed Lending Liaison.
- The position reports directly to the Government Guaranteed Lending Manager.
- The role involves liaising between the customer, Business Development Officer, and Broker while preparing loan files for underwriting and SBA submission.
- The Government Guaranteed Lending Liaison ensures that all necessary items for underwriting and submission are received, reviewed, and uploaded to the bank’s internal system.
Responsibilities:
- Works with Loan Officers/BDOs and Underwriting Department to coordinate SBA loan packaging/origination in conformance with the SBA SOP.
- Makes recommendations for procedural changes to increase efficiency.
- Ensures customer privacy, file security, and appropriate staff access.
- Attends periodic SBA training and completes ABA training requirements.
- Supports customer/broker/borrower with collecting documentation.
- Prepares and sends specific checklists based on loan types.
- Orders third-party reports such as appraisals, business valuations, and IRS tax verification.
- Performs due diligence including Lexis Nexis, SAM, CAIVRS, OFAC, and flood determinations.
- Reviews documents for accuracy and requests updates as necessary.
- Prepares term sheets and collects good faith deposits.
- Manages loan file workflow to ensure proper steps and effective pipeline management.
- Works with Government Guaranteed Lending Assistant to ensure items are ready for SBA submission.
- Works with closers to collect documentation when needed.
Requirements:
- Minimum 2 years of SBA origination experience for commercial loans.
- Bachelor’s degree preferred but not required.
- Knowledge of USDA, SBA 7a, 504, and Express Lines of Credit.
- Knowledge of SBA Standard Operating Procedures.
- Ability to promote a teamwork environment and solve problems independently.
- Effective communication with brokers, borrowers, SBA GGLS Team, and underwriters.
Benefits:
- Medical, dental, and vision benefits, including HSA, FSA, and commuter benefits.
- Company-paid benefits such as life insurance, AD&D, and long-term disability.
- Voluntary benefits including additional life insurance, AD&D insurance, short-term disability, pet insurance, and legal services.
- Supplemental health benefits like accident insurance, hospital indemnity insurance, and cancer care.
- 401(k) with company match.
- Paid personal time off (PTO) and company holidays.
- Annual bonuses and increases.
- Employee events and contests.
