Business Banking Loan Specialist

Job Summary 

The Business Banking Loan Specialist is responsible for all aspects of business banking and Small Business Administration (SBA) loan origination and closing, ensuring compliance with credit policies, legal requirements, and organizational standards. This role involves coordinating loan application packages, reviewing financial and business entity documents, completing collateral due diligence, and funding loans. Additionally, the Specialist serves as a key resource for members and team members by mentoring, training, and addressing technical issues related to loan processing. This role plays a vital role in ensuring the success of small business banking by delivering exceptional service, maintaining accurate records, and supporting the operational goals of the department. 

The Business Banking Loan Specialist reports to the Senior Manager of Business Banking. 

About UFCU 

Our Credit Union was founded in 1936 and has grown to serve members throughout Texas and beyond. At UFCU, we are more than just a financial institution, and our people are more than just employees. We are dedicated to our purpose of empowering our Members to achieve financial success and build brighter futures.  
 
In pursuit of our aspiration that UFCU is loved by millions of Members and built to thrive for generations, we are guided by our values: 

• Purposefully Member-Obsessed: We are driven by a profound sense of empathy to deeply understand our Members’ needs and preferences, what brighter futures means to them, and the obstacles in their way. We act in our Members’ best interests, forever seeking to empower their financial success. 

• Possibilities Reimagined: We are inspired to courageously experiment, learn, and iterate in pursuit of positive impact for our Members, UFCU, and coworkers. We challenge assumptions, embrace diverse perspectives, and make use of data and insights. 

• Performance Excellence Rooted in Unwavering Integrity: We do the right thing, always. We champion teamwork, accountability, continuous improvement, and celebrate successful outcomes of others, fostering an inclusive environment of excellence and collaboration. 

 

Essential Functions 

Loan Processing 

• Review incoming new loans and file documents in nCino, ensuring all necessary items are included for processing and funding. 

• Ensure compliance processes for new and existing members, including Beneficial Ownership and Know Your Customer information. 

• Verify that all processing information meets legal and regulatory requirements and organize documents in appropriate files. 

• Coordinate vehicle and equipment transactions with dealers and retailers, collect purchase orders, invoices, and review collateral information. 

• Assist members with establishing memberships for new accounts. 

• Track applications in process and follow up with members as needed to complete missing loan requirements. 

• Verify all required SBA documentations are complete and in compliance with SBA Standard Operating Procedure. 

Loan Closing 

• Produce loan closing documents using LaserPro, ensuring they match the approved loan terms. 

• Verify that all required documents are obtained before finalizing loans for closing. 

• Dispatch and track the execution of loan documents via DocuSign. 

• Ensure liens, including UCCs and titles, are perfected during the closing process. 

• Oversee and manage loan fees and related documentation in accordance with policy.