SBA Closing Specialist

SBA Closing Specialist#  _## SBA Closing Specialist Apply:
Sandy, UT:
Full time:
Posted Yesterday:
R20873#
** Please reference the schedule and minimum qualifications listed below before applying.
** If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at  option 1 or email  and every reasonable effort will be made to accommodate your needs in a timely manner.#
** Job Summary
** Manages the SBA loan closing processes for less complex SBA 7(a), 504, and Express loans in accordance with MACU, United States Small Business Administration (SBA), CFPB and NCUA rules and regulations, participates in department administration functions, and participates in all aspects of the SBA lending cycle.#
** Job Description
** To be effective, an individual must be able to perform each job duty successfully.
* Works with SBA loan officers, underwriters, borrowers, title companies, insurance companies attorneys, the United States Small Business Administration (SBA) and other third parties to coordinate, package, document and fund less complex structured SBA loans including SBA 7(a), Express and 504 Loan Programs, which may include singular borrowers, minimal amount of guarantors, and smaller loan balances up to $2 million.
* Has a general understanding of SBA eligibility requirements and loan documentation processes to remain in compliance with the SBA’s Standard Operating Procedures, MACU policy and standards, CFPB and NCUA rules and regulations.
* Has a general understanding of business tax returns, personal tax returns, schedule K-1s, financial statements, and rent rolls.
* Understands and demonstrates a high level of written communication relating to loan file documentation, memorandums, and all forms of written communication.
* Reviews approved credit memos and loan files to prepare closing needs lists to satisfy all subject to requirements of the loan approval, ensures SBA eligibility is met, properly documents the loan, and ensures loans are closed/funded according to approval documentation and MACU policy with moderate supervision.
* Communicates with commercial title companies to clear exceptions and other collateral issues to ensure MACU has appropriate lien positions on all real estate collateral.
* Prepares and files all UCC searches and filings to ensure MACU has appropriate lien positions on all UCC collateral (i.e. furniture, fixtures, equipment, inventory, receivables, etc.).
* Communicates with insurance companies to ensure loans have appropriate insurance coverage specific to the loan as well as ensuring that all SBA insurance requirements are met in relation to general liability insurance specific to each business industry.
* Prepares all SBA required loan documents and performs all SBA related loan packaging duties including preparing and obtaining SBA approvals on 7(a) and Express Loans through the SBA’s ETran system.
* Communicates directly with the SBA to ensure eligibility and compliance with the SBA including clearing all SBA hold codes required to obtain SBA approval to close all loans.
* Prepares all loan documents including trust deeds, notes, borrower certifications, beneficial ownership, borrower resolutions, loan specific documentation, and all required SBA forms.
* Prepares loan memorandums on any loans that may be assigned.
* Processes and reviews IRS tax transcripts for accuracy and to ensure borrowers are eligible for SBA financing by verifying that tax returns have been filed with the IRS.
* Ensures accurate records are maintained in loan files including lien perfections.
* Stays current on SBA regulations affecting loan documentation and perfection of collateral…