Loan Processing Roles |
MBS |
CU |
| Interview and hire a qualified Business Loan Development Officer |
X |
X |
| Create and adopt MBL Policies compliant to NCUA Regulations |
X |
X |
| Create the application for your SBA Lending License |
X |
|
| Business Development and Referral Sourcing |
|
X |
| Interview member to determine loan request and structure |
|
X |
| Obtain Complete Loan Package and send to MBS |
|
X |
| Receive complete loan package and perform credit analysis |
X |
|
| Send Loan Credit Memo for Approval to credit union |
X |
|
| Approve Loan for funding or for decline |
|
X |
| Create Loan Documents for signing |
X |
|
| Member signs documents with Loan Officer |
|
X |
| Documents returned to MBS for Boarding and Funding |
X |
X |
| File Management and Maintenance |
X |
|
| Loan Payments Processed |
X |
X |
| Produce and Mail monthly payment notices |
X |
|
| Produce and Mail annual loan statements |
X |
|
| Our highly qualified and experience team of business
lending professionals will help you every step of the way. |
