SBA Loan Closer

Position: SBA Loan Closer I
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

What We’re Looking For:

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

Working Conditions/Demands:

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.

Who Are We?

We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.

Why Join Us?

At First…