Loan Operations AssociateVelocitySBA provides small business owners with access to growth capital through the SBA loan program. Having access to small business financing can give you the security and freedom to focus on other aspects of running your business. We can help you purchase commercial real estate and equipment, provide growth capital financing, deliver debt refinance solutions, aide with business acquisition/partner buyout, and assist small business owners with their startups.The Loan Operations Associate is a customer-facing role responsible for collecting, preparing, and delivering complete, accurate, and compliant loan files to the closing officer by the time of loan approval. This role ensures that all required documentation, verifications, and regulatory requirements are satisfied to support a smooth and timely closing process.
The Loan Operations Associate collaborates with borrowers, brokers, external partners, and internal teams to maintain high standards of quality and operational efficiency.This role requires strong verbal communication skills and comfort engaging directly with customers to clearly explain requirements and processes. In addition, the Loan Operations Associate must take a proactive and persistent approach to following up with customers to obtain required information and documentation in a timely manner.Principal responsibilities include:Coordinate with borrowers and stakeholdersServe as a customer-facing representative for the company and communicate directly with borrowers, lenders, franchisors, contractors, insurance agents, closing agents, and internal department stakeholders to obtain necessary documents, clarify questions, and resolve issues. Provide clear instructions and updates to ensure deadlines are met and the loan process progresses smoothly.Review and verify loan documentationThoroughly examine all loan application documents, entity documents, appraisals, escrow & title documents, and other supporting materials to ensure accuracy, completeness, and compliance with internal policies, SBA SOP 50 10 and other regulatory requirements. Identify missing items or discrepancies early and initiate corrective action.Prepare complete loan filesOrganize and assemble all required documentation into a cohesive loan package ready for the closing officer.
Ensure that all conditions outlined by the underwriter have been met and that files meet quality standards for timely approval and funding.Maintain accurate loan recordsTrack the status of each loan file using internal systems, documenting communications, updates, and any pending items. Generate reports for management to monitor progress and identify trends or bottlenecks in the loan preparation process.Identify and resolve potential issuesProactively review loan files for discrepancies, missing information, or compliance risks. Escalate issues to management or underwriters as needed to prevent delays in loan approval or closing.Support process improvementProvide feedback on workflows, suggest improvements to documentation standards or procedures, and participate in training initiatives to enhance team efficiency and consistency. Assist in the implementation of standardized practices to reduce errors and improve turnaround times.Required qualifications include:Strong verbal and written communication skillsBachelor's DegreeMinimum of 1-3 years' experience in SBA 7(a) lendingStrong attention to detail and organizational skills, with the ability to manage multiple prioritiesKnowledge of regulatory and compliance requirements for loan documentationProficiency with loan origination systems and standard office softwareAbility to work independently and collaboratively in a fast-paced environmentCompensation:Hourly: $26-$35 (based on experience and qualifications)Full-time positionPhysical requirements:Must be able to pass post-offer drug test and background checkBenefits Velocity Vehicle Group Offers:401k + matchHealth, Dental & Vision Insurance + HSA & FSAEmployer paid Life InsurancePaid Vacation DaysSick LeaveCompany perks such as employee discounts, company events and training programsExcellent Training and Career Advancement OpportunitiesVelocity Vehicle Group is an equal opportunity employer.
Velocity Vehicle Group prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.