SBA Loan Closer — Precise Closings & Compliance

About The Position

As the Small Business Administration (SBA) Loan Closer I, you will be responsible for ensuring accurate and timely review of SBA loan transactions, ensuring all items needed for closing are obtained, and all collateral is perfected appropriately. Your duties will include coordinating with the SBA lenders, Credit Administration, Loan Operations, and customers on closing loan transactions. You will be also responsible for remaining current on SBA SOP regulations, as well as compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

About The Position

As the Small Business Administration (SBA) Loan Closer I, you will be responsible for ensuring accurate and timely review of SBA loan transactions, ensuring all items needed for closing are obtained, and all collateral is perfected appropriately. Your duties will include coordinating with the SBA lenders, Credit Administration, Loan Operations, and customers on closing loan transactions. You will be also responsible for remaining current on SBA SOP regulations, as well as compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

What You Will Do

• Manage a workload that includes multi-tasking and the ability to prioritize any conflicting issues
• Review approved Credit Approval Document; coordinate with customer for any documentation needed prior to or at closing
• Interact with the underwriters, referral partners, borrowers, attorneys, and other 3rd party vendors to ensure all conditions are met for closing.
• Review title commitments, title searches, other real estate related documents, entity documentation and legal documents of borrowers and ensures all Bank and SBA requirements have been met
• Prepare necessary lien perfection documents to protect the Bank’s security interest in pledged collateral
• Request, review and prepare all related Equity Injection documentation
• Request and review all loan documentation from Bank Counsel for various types of loans including, but not limited to, SBA 7(a), Express Line of Credit and potential SBA 504
• Assist Post-Closing department, when necessary, clearing any exceptions within the approved time periods.
• Remain current on all pending and proposed regulatory changes affecting compliance and SOP with SBA
• Provide a high level of customer service to both internal and external customers
• Perform other duties as assigned

• Minimum of one year of general banking experience or loan closing experience required
• Minimum of one year of previous SBA Closing experience preferred
• Heavy volume closing experience preferred
• Bachelor’s degree, associate’s degree, or paralegal certificate preferred;
  Relevant and commensurate work and experience in the SBA Lending industry will also be considered.
• Knowledge of various legal entity borrowing structures such a Limited Liability Companies, Corporations, Partnerships, Tenant in Common structures, etc.
• Ability to navigate nationwide Secretary of State sites as deemed necessary to identify entity documentation needed.
• Knowledge of Flood Insurance Compliance and required documentation
• Knowledge of Loan Closing processes and required documentation
• Excellent written and verbal communication skills
• Interpersonal skills to interact positively and effectively with all levels of employees, management, and third parties
• Possess excellent multi-tasking skills
• Ability to think outside the box to ensure proper due diligence is performed
• Capability of working effectively under limited supervision
• Ability to identify issues and opportunities and explore solutions
• Ability to meet strict timelines and service level agreements
• Strong PC skills required along with an ability to quickly learn new systems

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.