CIT Group Inc.

  • SBA Loan Coordinator

    Location US-CA-San Diego
    Job ID
    30769
    # Positions
    1
    Job Family
    Originations Support - Sales Support
    Type
    Full-Time
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.

    Responsibilities

    • Process SBA 504, Conventional and 7(a) loan files.
    • Coordinates the collection of required documentation from borrower and/or Lending Partner.
    • Verify the accuracy of documents received (i.e., title report, insurance, legal documentation, etc.).
    • Prepares closing documents using LaserPro and coordinates signing with escrow and title officers.
    • Ensures all pre and post closing document issues are resolved and completed.
    • Ensures all loan conditions have been met and prepares loan file along with closing documents for funding.
    • Performs related duties and special projects as assigned.

    Qualifications

    • Broad understanding of all facets of commercial real estate loans, SBA loans or equivalent combination of experience, education and/or training as a Loan Assistant and/or Loan Processor.
    • Thorough knowledge and understanding of methods, practices, procedures and terminology used in banking and/or lending (i.e., processing, underwriting, documentation, compliance, title, escrow, appraisal, funding, loan service and audit) in addition to a proven track record.
    • Ability to coordinate diverse tasks simultaneously within stringent timeframes.
    • Strong computer skills with special emphasis in Word and Excel.
    • Strong verbal and written communication skills.

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