Government Guaranteed Lending Liaison

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.

Tagged as: Commercial Loans, Financial Services, Loan Origination, SBA Lending, United States

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