SBA Closer - Senior
Job Title: SBA Closer - Senior
Reports To: SBA Closing Manager
Direct Reports: N/A
Salary Grade: 10
SUMMARY
This position is responsible for processing, documenting, and closing SBA 7a, SBA 504, and USDA loans in accordance with all Bank and SBA regulations. The ideal candidate must have extensive SBA experience with supervisory responsibilities. Industry vertical experience is preferred.
EDUCATION AND EXPERIENCE REQUIREMENTS
4-year degree or equivalent work experience required
Previous supervisory experience required
Ten or more years of SBA loan origination experience
In-depth knowledge and understanding of SBA loan closing requirements with a comprehensive knowledge of federal and state regulations
Ability to coordinate diverse tasks simultaneously within stringent time frames
Excellent documentation and organizational skills
Strong verbal and written communication skills
Proficient computer skills including Microsoft Office Suite applications
Excellent understanding of title reports, lien searches, lease documentation, equity injection, and acquisition documentation
Participate in all required SBA and Bank compliance training (including but not limited to NAGGL, Bank Secrecy Act, etc.), as well as Company annual meetings
JOB FUNCTIONS
Independently manage a large loan pipeline from origination through closing in accordance with SBA SOP, as well as Bank policies and procedures
Responsible for all aspects of SBA loan origination in accordance with Bank policies, procedures, and regulatory requirements, as well as the SBAs SOP
Ensure all required loan conditions (insurance, collateral, formation, equity, etc.) are met and properly documented in compliance with SBA and Bank policies. For 504 loans, include CDC Debenture Coordinator to ensure their closing conditions have been met
Communicate with borrowers the loan documentation needs, in addition to the collection and review of same for accuracy and compliance
Coordinate with Underwriter any loan modifications during the closing process, as needed
Work closely with underwriting, bank attorneys, third-party vendors (i.e. insurance agents) and borrowers to prepare closing conditions and items needed to schedule/close the loan. For 504 loans, include CDC Debenture Coordinator
Excellent communication skills between all points of contact. Managing closing expectations and productivity of all parties to meet expectations
Ensure deadlines are met
Adhere to all SBA SOPs, Bank regulations as well as State and Federal requirements
Ensures all pre and post-closing document issues are resolved within a timely manner
Other duties and special projects as assigned
WORK ENVIRONMENT
Remote position
POSITION TYPE
This is a full-time position.
TRAVEL
This position requires up to 20% travel.
OTHER
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
Apply Now
Reports To: SBA Closing Manager
Direct Reports: N/A
Salary Grade: 10
SUMMARY
This position is responsible for processing, documenting, and closing SBA 7a, SBA 504, and USDA loans in accordance with all Bank and SBA regulations. The ideal candidate must have extensive SBA experience with supervisory responsibilities. Industry vertical experience is preferred.
EDUCATION AND EXPERIENCE REQUIREMENTS
4-year degree or equivalent work experience required
Previous supervisory experience required
Ten or more years of SBA loan origination experience
In-depth knowledge and understanding of SBA loan closing requirements with a comprehensive knowledge of federal and state regulations
Ability to coordinate diverse tasks simultaneously within stringent time frames
Excellent documentation and organizational skills
Strong verbal and written communication skills
Proficient computer skills including Microsoft Office Suite applications
Excellent understanding of title reports, lien searches, lease documentation, equity injection, and acquisition documentation
Participate in all required SBA and Bank compliance training (including but not limited to NAGGL, Bank Secrecy Act, etc.), as well as Company annual meetings
JOB FUNCTIONS
Independently manage a large loan pipeline from origination through closing in accordance with SBA SOP, as well as Bank policies and procedures
Responsible for all aspects of SBA loan origination in accordance with Bank policies, procedures, and regulatory requirements, as well as the SBAs SOP
Ensure all required loan conditions (insurance, collateral, formation, equity, etc.) are met and properly documented in compliance with SBA and Bank policies. For 504 loans, include CDC Debenture Coordinator to ensure their closing conditions have been met
Communicate with borrowers the loan documentation needs, in addition to the collection and review of same for accuracy and compliance
Coordinate with Underwriter any loan modifications during the closing process, as needed
Work closely with underwriting, bank attorneys, third-party vendors (i.e. insurance agents) and borrowers to prepare closing conditions and items needed to schedule/close the loan. For 504 loans, include CDC Debenture Coordinator
Excellent communication skills between all points of contact. Managing closing expectations and productivity of all parties to meet expectations
Ensure deadlines are met
Adhere to all SBA SOPs, Bank regulations as well as State and Federal requirements
Ensures all pre and post-closing document issues are resolved within a timely manner
Other duties and special projects as assigned
WORK ENVIRONMENT
Remote position
POSITION TYPE
This is a full-time position.
TRAVEL
This position requires up to 20% travel.
OTHER
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
Apply Now