This position is located in the Small Business Administration, Herndon National Guaranty Purchase Center in Herndon, VA. The National Guaranty Purchase Center located in Herndon, Virginia, processes 7a guaranty purchase requests, and liquidates defaulted loans made under the 7a program. The incumbent serves as a Loan Specialist in the National Guaranty Purchase Center and is responsible for performing servicing, purchase, or liquidation activities.
As a Loan Specialist (Commercial) at the GS- 1165-12, some of your typical work assignments may include: Performs a variety of tasks for servicing, purchasing and liquidating loans. Reviews assigned loan file to become acquainted with the characteristic requirements, collateral, and terms of the loan.
Gathers and reviews facts and data relating to the loan balance, lien situations, collateral, interest of other creditors, and any assets of the borrower which may provide recovery to the Agency. Contacts lenders/Certified Development Companies (CDC's) to discuss the business, the loan situation and explore all available alternatives.
Gathers information from borrowers, major creditors, and legal representatives to make recommendations to maximize recovery to the Agency and minimize loss to the obligor(s). Analyzes potential "work-outs" in common situations and develops recommendations for standard plans for repayment of the debt through restructured amortization, extended maturities, etc.
APPLICANTS PLEASE NOTE: Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications (particularly positions with a positive education requirement.) Therefore, applicants must report only attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education. Verify School accreditation.
All education claimed by applicants will be verified by the appointing agency accordingly. If you are selected for this position and qualified based on education (i.e. basic education requirement and/or substitution of education), you will be required to provide an OFFICIAL transcript prior to your first day on duty.
*** If you are using foreign education to meet qualification requirements, you must send a Certificate of Foreign Equivalency with your transcript in order to receive credit for that education. *** For further information, click on: Foreign Education.
This position is with Small Business Administration, Other Agencies and Independent Organizations.
The posted pay range is $102415 – $133142/yr.
This position is eligible for telework.
Applications close on 2026-09-07.
This position is open under the 'Public' hiring path.
Source: USAJOBS.gov — U.S. Federal Government
Apply on official site →