SBA Loan Processor

I am Brett Jensen, SVP Team Lead for our SBA department at the Bank of Utah. Founded in 1952, Bank of Utah is one of Utah's largest, privately owned community banks. Nasdaq ranked us Best Bank in Utah for 2025! He re we strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.

We are currently looking for a SBA Loan Processor to work Monday - Friday at our Branch located at 1000 W 800 North, Orem, UT. This SBA Loan Processor is responsible for managing the processing of SBA loans from initial application through closing. This role involves working closely with loan officers, underwriters, and borrowers to ensure all documentation is accurate, complete, and compliant with SBA guidelines. The ideal candidate will have strong attention to detail, excellent communication skills, and a deep understanding of SBA loan programs.

Job Qualifications:

Experience:

• Minimum of 2 years of experience in SBA loan processing or a related role in commercial lending.
• Familiarity with SBA 7(a) and 504 loan programs is highly desirable.

Skills:

• Strong understanding of SBA lending guidelines and regulations.
• Excellent organizational and time management skills.
• Ability to manage multiple loan files simultaneously while meeting deadlines.
• Proficient in Microsoft Office Suite and loan processing software.
• Working knowledge of Abrigo Software (Sageworks) would be ideal

Personal Attributes:

• Detail-oriented with a high degree of accuracy.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Customer-focused with a commitment to providing excellent service.

Benefits of Working with Us:

Bank of Utah's comprehensive benefits package includes:

• Great work-life balance, with a Monday-Friday schedule
• Competitive pay and benefits, including medical, dental and vision plans
• 401(k) plan and match up to 5 percent, plus opportunities to participate in our employee stock ownership program (eligibility requirements must be met)
• 12 paid bank holidays paid time off
• Volunteer opportunities to make a difference in the communities where you work and live
• Awards and recognition to celebrate you and your colleagues for living the bank's values

Regular Duties and Responsibilities:

Loan Processing:

Review and process SBA loan applications, ensuring all required documentation is complete and accurate.

Collaborate with loan officers and underwriters to resolve any issues or discrepancies in loan files.

Prepare and organize loan files for submission to underwriting and closing.

Compliance & Documentation:

Ensure all loans comply with SBA guidelines and internal policies.

Verify borrower eligibility and confirm that all required documents are included in the loan package.

Maintain accurate and up-to-date records in the loan processing system.

Communication & Coordination:

Serve as a main point of contact for borrowers throughout the loan process.

Communicate with thrid-pary vendors, such as appraisers and title companies, to facilitate the loan process.

Provide timely updates to borrowers, loan officers, and other stakeholders on the status of the loan applications.

Problem-Solving:

Identify and address potential issues or delays in the loan process.

Work proactively with internal and external parties to resolve problems and ensure timely loan closings.

• The wage listed is within the range associated with this position. Actual compensation will be based on qualifications and experience.