CIT Bank

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SBA Loan Processor

at CIT Bank

Posted: 3/2/2020
Job Reference #: 32341
Keywords: escrow, loan

Job Description

  • LocationUS-CA-San Diego
    Job ID
    # Positions
    Job Family
    Originations Support - Sales Support
  • Overview

    CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at


    The SBA Loan Processor will process SBA 504, Conventional and 7(a) loans and coordinate the collection of required documentation from the borrower and/or Lending Partner. There are tons of opportunities to grow your career with CIT by joining the dynamic SBA Division based in North San Diego County.

    Responsibilities to Include:

    • 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 entity documents, 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.



    • 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.
    • Knowledge of PCFS creditwrx and LaserPro is preferred.
    • Strong verbal and written communication skills.