Government Lending Loan Processor​/Closer

Position Summary

The Government Guaranteed Loan Processor / Closer is responsible for the loan closing process for all Government Guaranteed Loans, ensuring that all legal documents are accurate, complete, and comply with SBA and USDA guidelines and regulations. This role involves working closely with loan officers, underwriters, loan operations, and clients to coordinate loan disbursement, resolve outstanding issues, and ensure timely and efficient loan closings.

(Other duties may be assigned.)

• Reviews loan requests for loan eligibility, ensuring loans are eligible per the current SBA SOP, USDA program requirements, FDIC regulations, and State Chartered Bank policies.
• Review loan file and provide closing checklist to borrowers and set up a call to go over loan closing process with the borrower.
• Collect and review all required due diligence for loan closing, including business insurance, title insurance, life insurance, equity injection and all other due diligence as required by the closing checklist.
• Work with insurance agents for business insurance and life insurance policy.
• Complete SBA Forms: 1919, 1920, 912, 159, 601, 4506T/8821.
• Pull Due Diligence reports for CAIVRS, SAM, OFAC, CIP, Flood certifications.
• Process 912 for clearance when necessary.
• Process INS verification when necessary.
• Orders Tax Transcripts and verify that the tax returns match the transcripts.
• Input, submit, and obtain SBA Loan approval through E-Tran.
• Submit loans to the USDA office for underwriting.
• Order and review all required third-party vendor reports - business valuations and environmental reports as well as coordinating with internal team members for ordering appraisals, in relation to the collateral to be held on the loan.
• Engaging counsel to work on loan file once internal approval has been received by Credit Administration.
• Be the point of contact between the lender, underwriter, customer, attorney and/or title company, and SBA and USDA offices as needed.
• Work with the Landlord for execution of the Lessor’s Agreement, Collateral Assignment of Lease, and any Amendments with the Lease Agreement.
• Work with the Franchisor for the Franchise Addendum and any Amendments needed to ensure compliance with SBA.
• Work with the Jobber for the Jobber Supply Addendum and any Amendments with the Jobber Supply Agreement.
• Work with the Contractor to gather construction documents for the loan project and refer to the construction analysis team or third party.
• Review and verify the cash injection supporting documents.
• Verify all applicable fees have been collected from the borrower and loan proceeds disbursed according to the fee schedule.
• Create a Port Number in FiServ for loan operations.
• Work with Borrowers, lenders, internal partners, vendors, Lender Service Provider (LSP), and attorneys, to ensure that SBA transactions move effortlessly and efficiently throughout the application and closing process.

• Work with the attorney and lender to prepare loan closing documents, including promissory notes, security agreements, and other necessary legal documents, in compliance with SBA and USDA guidelines and bank policies.
• Ensure all documents are compliant with SBA regulations, bank policies, and applicable laws.
• Review SBA Terms and Conditions, Title, and Closing documents to ensure it matches with the loan approval and documentation is in order before closing.
• Complete bank internal forms for closing: ACH Authorization, Online Banking, Privacy Notice, Beneficial Ownership Form, Agreement to Provide Insurance, Certificate of Financials, CAIVRS Disclosure.
• Prepare and review loan packages, including finalizing any necessary due diligence and ensuring all conditions have been met prior to closing.
• Verify accuracy of all documents and ensure proper signatures are obtained from borrowers, co-borrowers, and guarantors.
• Work with legal counsel to resolve any legal issues that may arise during the closing process.

• Complete the Loan Set Up Sheet accurately and coordinate with Loan Operations for loan closing and funding.
• Coordinate the disbursement of loan funds…