TT
SBADefault Doc Specialist
Talent Technical Services, Inc
🌏 Worldwide
Remote
Senior
6 months ago
$20 – $40 / hour
- ServiceNow
6 months ago
Not enough detail in this posting to match
Job Summary: Talent Senior ServiceNow Developer is in search of a SBADefault Doc Specialist for a contract position that can be worked 100% remotely. The opportunity will be six months with a strong chance for a long-term extension.
Position Summary:The SBA Liquidation Specialist is responsible for managing the end-to-end documentation process for defaulted SBA 7(a) and 504 loans. This role ensures that all actions taken during the "workout " and liquidation phases—such as collateral sales, site visits, and litigation—are meticulously documented according to the latest SBA Standard Operating Procedures (SOP) to mitigate the risk of a "repair " or denial of the SBA guaranty. SBA Liquidation Specialist or SBA Default Documentation Specialist focuses on preparing the "Universal Purchase Package " (UPP) and "Wrap-up Reports " to ensure the lender recovers its guaranty from the Small Business Administration (SBA).
Primary Responsibilities/Accountabilities:
- Universal Purchase Package (UPP) Preparation: Assemble and review the comprehensive package required for the SBA to honor its guaranty, including the original note, personal guaranties, and collateral documents.
- Liquidation Reporting: Submit mandatory monthly status reports (Code 5) and quarterly liquidation reports to the SBA.
- Site Visit Documentation: Conduct or coordinate site visits within 60 days of default to inventory assets and assess collateral value, producing a detailed Site Visit Report.
- Compliance Monitoring: Ensure all liquidation actions align with the SBA Servicing and Liquidation Matrix to determine which actions require prior SBA approval.
- Litigation & Workout Support: Draft and track litigation plans for non-routine legal actions and maintain the "Loan Action Record " for all workouts.
- Wrap-up & Charge-off: Prepare the final Wrap-up Report within 30 days of completing liquidation to facilitate the final charge-off and referral to the U.S. Treasury for further collection.
Qualifications:
- Experience: 3–5 years in SBA loan servicing, liquidation, or commercial loan workout.
- Technical Knowledge: Deep understanding of SBA SOP 50 57 (Liquidation) and SOP 50 10 (Lending).
- Skills: Proficiency in financial statement analysis, UCC filing/searches, and asset valuation.
- Education: A bachelor's degree in Finance, Business, or Accounting is preferred.
- Certification: NAGGL (National Association of Government Guaranteed Lenders) certification is a significant asset.
If this job is a match for your background, we would be honoured to receive your application!
Providing consulting opportunities to TALENTed people since 1987, we offer a host of opportunities, including contract, contract to hire, and permanent placement. Let's talk!
SBADefault Doc Specialist · Talent Technical Services, Inc