Lending ServicesChicago, IL

Loan Specialist

 

NEWITY is America’s Small Business Marketplace, focused on empowering entrepreneurs with access to trusted service providers and loan solutions. We are looking for a Loan Specialist to join our Credit & Underwriting team.   

In this role, you will initially be assisting members apply for forgiveness of their Paycheck Protection Program (“PPP”) loans with a goal of eventually transitioning to our SBA 7(a) loan team. You will be expected to gain an in-depth knowledge of PPP and the loan forgiveness process. NEWITY offers a fast-paced start-up environment, where you will need to adapt quickly and learn on the fly. This role is a great entry into the lending industry and will provide a learning opportunity for those looking to pursue a career in the space. 

Qualifications 

  • College degree required 
  • 1-2 years of work experience preferred 
  • Financial, business, or accounting experience preferred 
  • Comfortable managing multiple deliverables at once 
  • Able to multi-task under time pressure  
  • Entrepreneurial spirit and willingness to take on challenges 
  • Strong interpersonal, written, and verbal communication skills  
  • Ability to adapt to changing circumstances and priorities  
  • Strong analytical skills, accuracy, and attention to detail 
  • Comfortable working and learning independently  
  • Proficiency in excel required 

Description & Responsibilities 

  • Evaluate the accuracy and authenticity of documentation provided by members 
  • Manage workload/backlog to ensure reasonable turnaround times and response time to members and team members 
  • Partner with members to ensure proper documentation is provided in support of loan forgiveness 
  • Advise members on how to prepare forgiveness applications 
  • Ensure adherence to required PPP regulations 
  • Work with other review team members to finalize applications 
  • Assist with other facets of the loan forgiveness process as needed 
  • As needed, this person may need to support the loan servicing effort 
  • Perform other ad hoc duties, as needed 

Location

  • Chicago, IL (on-site)

NEWITY is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws.

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