Job Description

Position: Loan Documentation Specialist
Location: Fort Lauderdale, FL (In-Office)
Salary Range: $50,000 - $70,000, plus commission
About LoanBud
LoanBud is a rapidly expanding fintech focused on supporting small businesses through innovative financing solutions. Our mission is to empower small-business owners by providing streamlined access to capital through SBA and other small-business loans. We foster a culture of growth, teamwork, and dedication to the entrepreneurial spirit.
Position Overview
We're hiring a Loan Documentation Specialist (LDS) to drive clean, compliant, on-time closings for SBA and related small-business loans. You'll collaborate with Business Lending Officers, borrowers, brokers, title/escrow, and lender counterparts to assemble, review, and perfect all documentation required for funding--maintaining momentum, clarity, and adherence to SBA SOP and lender policy.
Key Responsibilities

• Documentation & Closing Execution: Review loan files; build closing/funding checklists; track and clear approval conditions. Prepare lender submissions in accordance with guidelines and SBA SOP; ensure documents align with credit approvals.
• Financial & Eligibility Review: Validate initial eligibility; calculate business and/or global DSCR and flag issues early with proposed mitigants.
• Collateral & Insurance: Determine insurance requirements (hazard/flood/liability; life insurance assignments as needed) and obtain evidence of coverage.
• Entity & Legal Documentation: Review articles, bylaws/operating agreements, partnership/LLC docs; confirm authorized signers, resolutions, BOI/KYC items.
• Communication & Coordination: Provide concise status updates to borrowers, referral partners, and internal teams; schedule closings; escalate blockers with clear next steps.
• Reporting & Quality: Maintain accurate pipeline reports; meet monthly goals for on-time closings and active loans in pipeline; minimize post-closing exceptions.
• Other duties as assigned.

Requirements

• Associate's degree or higher preferred (or equivalent experience).
• 2-4+ years in loan processing/closing, documentation, or credit support; SBA experience strongly preferred.
• Working knowledge of SBA 7(a)/504 processes, closing mechanics, and SOP fundamentals (or strong aptitude to learn quickly).
• Proficiency with MS Office (Word, Excel, Outlook); comfort with cloud doc management and e-signature workflows.
• Detail-oriented, deadline-driven, organized communicator with strong problem-solving skills.

Compensation & Benefits

• Compensation: Base salary $65,000 - $90,000, plus performance bonus.
• Health: Comprehensive medical, dental, and vision insurance.
• Time Off: Generous paid time off to support work-life balance.
• Retirement: Competitive 401(k) plan with substantial company matching.

Equal Opportunity
LoanBud is dedicated to creating a diverse and inclusive work environment. We are an equal-opportunity employer and welcome applications from all qualified candidates.

Skills Required