SBA Loan Closer

Description

Connect One Bank proves that putting people first is a better way to do business. At Connect One, we’re builders — of businesses, communities, and equity. Most importantly, we’re building opportunities. Our mission is to ensure our employees feel empowered to make important decisions, reach their potential and truly make an impact.

Connect One is a growth organization by design; it is part of our DNA and we take pride in seeing our employees grow with us. Founded in 2005 by an entrepreneur, we have grown into a high-performing commercial bank, inspiring a new model for our industry’s future. By embracing technology and all the ways it can help us become a world-class service organization, we support small business owners by fueling their mission.

People First is the blueprint for our culture. It is at the foundation of everything we do and the decisions we make. At Connect One, you have the opportunity to be a part of a dynamic culture and team. Develop your forward-thinking skills, thrive in an entrepreneurial setting, and succeed at “a better place to be”.

Connect One Bank is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation.

The SBA Loan Closer will support the Banks SBA program by handling the necessary transactions needed to close and book approved SBA loans in accordance with the Bank’s policies and procedures, the SBA SOP and the SBA Loan Authorization.

• Support the Bank’s “client first” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing clients excellent service, always striving to make CNOB “A Better Place to Be”;
• Administer loans from origination through settlement and full funding in accordance with Bank policies, procedures, the SBA SOP, the SBA Loan Authorization and other pertinent regulatory requirements.
• Analyze internal bank loan approvals to determine required due diligence and documentation for each loan transaction;
• Collect, audit, and examine all documents essential for loan closing, not limited to tracking, engaging and confirming compliance of all third-party reports, e.g., real estate appraisals, environmental reports, business valuations, franchise reports and agreements, flood certification and UCC searches, filings, title reports, etc.
• Ensure all collateral evaluations are ordered and reviewing of same to clear issues;
• Review and ensure all required insurance, including flood, is sufficient and in compliance with regulations;
• Prepare internal pre-closing and post-closing checklist;
• Package application information to prepare SBA Loan Submission to obtain SBA loan approval
• Track and fund Guarantee Fee to meet SBA requirements
• Act as liaison with lender, bank counsel and title companies;
• Review loan documentation to ensure compliance with loan approval and policy and ensure that all standard provisions are included and are not compromised;
• Coordinate receipt of closing requirements with internal departments, lender, bank counsel, borrower, and borrower’s counsel;
• Confirm that all conditions within the approval have been met and scheduling closing;
• Account for all fees and charges due within each loan file to minimize loss or missed fee reimbursement.
• Prepare booking sheet and reviewing loan after it is booked into the system of record;
• Ensure that all loans are closed without material, administrative or compliance exceptions;
• Follow up and clearing loan documentation exceptions, approved post-closing documentation, and filed and recorded documents.
• Maintain pipeline and process approved loans in a timely manner;
• Ensure that all communications with clients are positive. Escalate any issues as needed…