SBA Closing Specialist- CBG Operations

Job Description

At Regions, the SBA Closing Specialist is responsible for managing the loan processing/closing process, from loan approval through booking and funding for SBA 7(a), Express, and 504 government guaranteed loans. This includes working directly with and leading the coordination of SBA client borrowers, SBA Specialist, Assistants, internal staff, closing attorney firm, and applicable third parties (i.e. insurance companies) as required. The scope includes the collection, review, and approval of required documents, in addition to performing searches, preparing flood review packages, overseeing collateral perfection, and confirming satisfaction of equity requirements.

The role is responsible for resolving any issues that arise during the closing process.

• Review approved loan packages received from Underwriting to include credit memos, commitment letters, terms and conditions to ensure critical components have been provided by the lending officer for the documentation process
• Set up third party engagements commensurate with credit approval, including but not limited to attorneys, real estate and business appraisers, etc.
• Submit applications through the appropriate SBA systems (ETran and SBA One) for guaranty authorizations
• Prepare various loan documents for closing
• Confirm satisfaction of loan approval terms and equity requirements prior to closing
• Independently monitor loan packages throughout the process to identify potential risks related to the effective and efficient processing of the loan and to protect the Bank's interests
• Maintain currency with SBA SOP requirements, procedures, and changes

• High School Diploma or GED
• Two (2) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience
• Intermediate commercial credit knowledge including loan closing, legal documentation, construction financing, and exceptions
• Proficiency in reviewing insurance, title work, surveys, collateral, lien filings, appraisals, construction due diligence, and environmental reports
• Experience working with commercial sales associates, underwriters, para lenders, insurance firms, and attorneys
• Proficiency in use of computers, Microsoft Office (Excel, Word, Outlook)
• Experience with commercial loan systems

• Specialized training in title, real estate, government programs (SBA), and specialized lending programs
• Experience with nCino and/or related Salesforce platforms
• Experience with SBA systems (ETran, SBA One, TSOFT)
• Experience with Laser Pro
• Bachelor's degree or certification as a paralegal

• Demonstrated effective verbal and written communication skills for the purpose of explaining the loan closing process, exceptions and associated legal documentation to internal/external clients and appropriate counsel
• Strong communication and interpersonal skills
• Strong organizational skills and the ability to handle multiple tasks under tight time constraints

This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office four days a week. The manager will set the work schedule for this position, including in‑office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense. Exceptions to the geographic location requirement may be made for Regions associates who currently work remotely.

Location Details:
Riverchase Complex North Building, Hoover, Alabama

Full time

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

Job Range Target:

• Minimum: $50,500.00 USD
• Median: $63,620.00 USD

Incentive Pay Plans:
This job is not incentive eligible.

Regions offers a benefits package that is flexible,…