Phil Breen Email and Phone Number

Examine loan request for SBA eligibility testing and makes sound/correct government guaranty recommendationsAsses the credit structure to meet needs of both bank & borrower while minimizing credit risk; Understands and recognizes exceptions to SBA SOPs, bank policy and proceduresEngages third party vendors and orders all UCC searches, flood determinations, title commitments, OFAC, CAIVRS, INS verification, IRS tax transcripts, etc.Obtains and analyzes third party reports such as franchise agreements, title commitments, valuations, insurance, UCC searches for lien position, real estate appraisals, environmental reports and any other third partyReviews and approves all required documentation received, i. e. purchase agreements, corporate documents, lease agreements, landlord subordinations, construction documentation, vehicle titles, etc. as required for the loanSecures SBA guaranty, prepares SBA loan authorization and supporting addendums/exhibits and secures the SBA guaranty using ETran or SBAOne systemsReviews loan requests to insure accurate documentation/information is being obtained and prepares SBA package and loan filePrepares Closing Checklist on each loan including monitoring and updating through the loan cycleReviews closing documents before releasing documents to insure accuracy and compliance with regulatory requirements.Coordinates with the SBA loan servicing department for the loan funding and booking.Finalizes loan file for post close audit.Follows up on any outstanding ticklers and/or exceptions as needed.Interacts with customers, attorneys, title companies, lenders and their assistants, etc. to provide exceptional customer serviceProvides guidance and direction to internal Sales Teams, Loan Officers, Underwriting Teams, Legal Documentation Team, Commercial Operations Teams, Closing Counsel and Portfolio Management Teams