Loan Documentation Specialist - Fort Lauderdale - LoanBud, Inc

    LoanBud, Inc
    LoanBud, Inc Fort Lauderdale

    1 week ago

    Description

    Position: Loan Documentation Specialist
    Location: Fort Lauderdale, FL (In-Office)
    Salary Range: $50,000 - $70,000, plus commission
    About LoanBud
    LoanBud is a rapidly expanding fintech focused on supporting small businesses through innovative financing solutions. Our mission is to empower small-business owners by providing streamlined access to capital through SBA and other small-business loans. We foster a culture of growth, teamwork, and dedication to the entrepreneurial spirit.
    Position Overview
    We're hiring a Loan Documentation Specialist (LDS) to drive clean, compliant, on-time closings for SBA and related small-business loans. You'll collaborate with Business Lending Officers, borrowers, brokers, title/escrow, and lender counterparts to assemble, review, and perfect all documentation required for funding-maintaining momentum, clarity, and adherence to SBA SOP and lender policy.
    Key Responsibilities

    • Documentation & Closing Execution: Review loan files; build closing/funding checklists; track and clear approval conditions. Prepare lender submissions in accordance with guidelines and SBA SOP; ensure documents align with credit approvals.
    • Financial & Eligibility Review: Validate initial eligibility; calculate business and/or global DSCR and flag issues early with proposed mitigants.
    • Collateral & Insurance: Determine insurance requirements (hazard/flood/liability; life insurance assignments as needed) and obtain evidence of coverage.
    • Entity & Legal Documentation: Review articles, bylaws/operating agreements, partnership/LLC docs; confirm authorized signers, resolutions, BOI/KYC items.
    • Communication & Coordination: Provide concise status updates to borrowers, referral partners, and internal teams; schedule closings; escalate blockers with clear next steps.
    • Reporting & Quality: Maintain accurate pipeline reports; meet monthly goals for on-time closings and active loans in pipeline; minimize post-closing exceptions.
    • Other duties as assigned.
    Requirements
    • Associate's degree or higher preferred (or equivalent experience).
    • 2-4+ years in loan processing/closing, documentation, or credit support; SBA experience strongly preferred.
    • Working knowledge of SBA 7(a)/504 processes, closing mechanics, and SOP fundamentals (or strong aptitude to learn quickly).
    • Proficiency with MS Office (Word, Excel, Outlook); comfort with cloud doc management and e-signature workflows.
    • Detail-oriented, deadline-driven, organized communicator with strong problem-solving skills.
    Compensation & Benefits
    • Compensation: Base salary $65,000 - $90,000, plus performance bonus.
    • Health: Comprehensive medical, dental, and vision insurance.
    • Time Off: Generous paid time off to support work-life balance.
    • Retirement: Competitive 401(k) plan with substantial company matching.
    Equal Opportunity

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