SBA Closing Specialist

Lenders Cooperative is a forward-thinking group of former bankers, investment bankers, and technologists who recognize the need for better innovation and solutions to support financial institutions’ commercial lending efforts. Our core mission is to help these institutions focus on their true strengths. Joining Lenders means being part of a mission-driven team that values innovation, collaboration, and a commitment to excellence. If you thrive in high-pressure environments where urgency meets creativity and where every challenge is an opportunity to create impact, then continue reading.

Lenders Cooperative seeks an SBA Closing Specialist who will assist the lender by preparing and reviewing loan closing documentation for compliance with SBA 7(a) guidelines, policies, and procedures. This role involves verifying that all loan approval conditions have been met, coordinating with borrowers and third parties, and ensuring the accuracy and completeness of closing packages. The SBA Closing Specialist ensures all documents align with SBA SOP requirements and lender standards.

Strong attention to detail, organizational skills, and knowledge of the SBA 7(a) program are essential for success in this position.

• Loan Documentation Preparation: Prepare and review SBA loan closing documents for compliance with SBA guidelines and lender requirements, ensuring accuracy and completeness in every document.
• Loan Processing and Packaging: Compile and organize loan application documents, such as financial statements, tax returns, and personal financial statements, into complete and compliant loan packages for SBA submission and review. Ensure packages meet SBA standards and address any documentation gaps or inconsistencies.
• Coordination and Communication: Act as a primary contact for borrowers, lenders, and third parties (e.g., title companies, attorneys) throughout the loan process. Provide updates, answer questions, and coordinate documentation to ensure smooth transitions across application, processing, and closing stages.
• Review and Analysis of Loan Packages: Analyze borrower information and supporting documents, including purchase agreements, budgets, and FF&E costs, to validate the loan’s intended purpose and sources/uses of funds.
• Closing Process Management: Manage the closing timeline by tracking loan status and following up with internal and external parties to ensure closing deadlines are met. Confirm all closing conditions are satisfied and coordinate the preparation of final closing documents for borrower signatures.
• Compliance and Regulatory Checks: Perform and/or review compliance checks, including CAIVRS for federal debt delinquencies and SAM.gov reports for debarment status. Ensure all parties involved are eligible to conduct business with the federal government.
• Coordination with Underwriting Team: Collaborate with underwriters to address pre-closing requirements, including handling additional documentation requests or issues to maintain compliance with SBA and lender policies.
• File Management and Record-Keeping: Maintain organized and complete loan files, ensuring all closing and processing documentation is accurately recorded and retained for compliance purposes.
• Post-Closing Support: Assist with post-closing procedures, including submitting final disbursement documentation and ensuring all documents are properly transitioned to loan servicing.
• Process Improvement: Identify opportunities to enhance the efficiency and accuracy of loan processing, packaging, and closing procedures. Provide feedback to the management team to help improve processes and lender/borrower satisfaction.
• Training and Mentorship: Serve as a resource and mentor for new team members, offering guidance on SBA…