Redwood Credit Union is looking for an SBA/Commercial Servicing Specialist I, who will be responsible for boarding, funding and servicing all loan types in accordance with RCU and SBA policies and procedures. Responsible for managing exception, delinquency, and other department reports. Track all insurance and other requirements of entire loan portfolio on an ongoing basis. Serve as a backup to the SBA/Commercial Servicing Specialist II in many areas such as 1502 reporting and file auditing.
Key Responsibilities
• Board, fund, and service all loan types, including SBA loans.
• Post SBA loan payments consistent with SBA requirements to avoid significant penalties.
• Prepare monthly 1502 reporting to Colson Services for the entire SBA loan portfolio (backup to SBA/Commercial Servicing Specialist II).
• Perform review of loan files to ensure they are accurate, complete and closed in accordance with RCU and SBA guidelines (backup to SBA/Commercial Servicing Specialist II).
• Coordinate collateral changes and other loan modifications.
• Maintain accurate records of loan data, prepare, and remit regular reports, both for internal and external users.
• Assist with loan documentation preparation as needed.
• Manage exception reports to ensure loan requirements and deadlines are met.
• Prepare loan demand statements, payoffs, release of collateral and reconveyances.
• Prepare watchlist reports for management and collaborate with Business Services team.
• Monitor delinquency report and alert management as needed.
• Make advances on lines of credit within established credit limits, as necessary.
• Develop and prepare department reports as required.
• Provide exceptional service to all Members, volunteers, internal team members and service providers.
• Answer Member questions as they relate to Business Service deposits and loans.
Other Functions:
• Provide general assistance to Business Services Management in department projects.
• Complete special projects as assigned.
Join us and discover why you'll love working at Redwood Credit Union!
ABOUT REDWOOD CREDIT UNION (RCU):
At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.
As a not-for-profit financial institution, we are committed to a people-first approach, which is reflected not only in how we serve our Members, but also in how we treat our employees. Our leadership team is deeply focused on fostering a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and ensuring financial well-being for all.
Why work for Redwood Credit Union?
• 27th largest credit union in the U.S. and the largest financial institution based in the North Bay
• Recognized by Newsweek as one of "America's Best Credit Unions 2026"
• Awarded a 5-Star Bauer Rating
• Recognized by Newsweek as one of "America's Greatest Midsize Workplaces 2025"
• Top Corporate Philanthropists (#24) - San Francisco Business Times
• Voted Best Places to Work in the North Bay 20 years in a row
• World-class Employee Engagement scores
• Rated Superior in Service by more than 90% of Members, surveyed by SF Gate
• Industry leading Net Promoter Scores across the U.S.