SBA Lending Coordinator

Summary

SBA Lending Coordinator is responsible for supporting documentation, closing, monitoring & servicing processes of SBA loans in accordance with the approved policies & procedures within the SBA Department. Prepares documentation within the terms and conditions of the approved CAM and SBA Terms. Coordinates booking, closing, and funding processes. Performs post-closing functions. Assists with all audits.

• Prepares commitment letter based on CAM and SBA conditions.
• Coordinates with closing attorney to submit closing checklist to borrowers/attorneys.
• Follows up with borrowers to satisfy closing checklist requirements.
• Orders all third-party reports as required (Appraisal/ BV/ Environmental/ Construction Budget Review/Advance, etc.).
• Prepares closing documents and closes loans per CAM & Commitment Letter.
• Assists with pulling third party searches as needed (CAIVRS / SAMs, etc.)
• Documents and verifies capital infusion prior to loan closing.
• Obtains and follows up for insurance prior to closing.
• Confirms pre & post-closing UCC & Mortgage liens & filings with CAM & closing.
• Uploads documents and modifies information as required in various Bank and SBA systems (Etran/nCino / DNA/ Nautilus/ etc.)
• Prepares SBA Terms & Conditions.
• Issues required letters regarding flood insurance notification.
• Ensures SBA guaranty fee is paid as required.
• Processes broker fee (Form 159 along with invoices).

• Monitors the closing pipeline.
• Performs closings as assigned.
• Ensures transactions are efficiently distributed and processed in a timely manner.
• Assist with loan payment collection.
• Prepares monthly 1502 reporting.
• Prepare semiannual SBA liquidation report.
• Prepare SBA 10 tab as required.

• Coordinates loan closing with borrowers and attorneys; prepares wires/checks for funding.
• Inputs wire for SBA closings

• Inputs all closed loans into the Bank’s DNA system and verifies entries for accuracy.
• Inputs wires / ACH/ check request for future advances.
• Inputs supporting loan file documentation into the Bank’s document imaging system and prepares closing file for post-closing review.
• Supports all post-closing related activities such as receipt of all required registered documentation, policies, and completion of collateral files.
• Monitors and obtains all necessary documents for multi advance loans; such as Construction and leasehold improvement transactions. (Invoices, Lien waivers, title rundowns, inspections, etc.)

• Assists with all audits.
• Assists team members in gathering information for any internal or external loan reviews.

• Performs other job-related duties as may be assigned.
• Inputs and submits request for various 3rd party reports (appraisal/environmental/ cost review/BV).
• Submit payoff request to SBA.
• Issue new broker agreement along with collecting W-9 and any other supporting documents.
• Assist / verifies wires for other closers

• Bachelor’s Degree preferred;
• Minimum 2 years’ experience in SBA business lending documentation & closing; construction closing equivalent;
• Proficient in Microsoft Word & Excel;
• Familiar with UCC filings (both origination & termination);
• Organizational skills;
• Ability to work independently, once trained, to complete work on a timely basis;

• Medical, Dental, Vision and Rx which are contributory.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

This role is eligible for a hybrid schedule; 3 days in the office and 2 days work from home based on business need.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.