*Hybrid Position*
The SBA Closing Specialist requires in-depth knowledge and experience in the review process for SBA loan files and closing settlements.
JOB DUTIES AND RESPONSIBILITIES:
- Manages the process of closing, auditing and packaging loan files.
- Oversees and directs the implementation of the loan closing process to ensure all documentation is ready for Bank approval.
- Reviews and coordinates the due diligence on guarantors for compliance under the SBA’s SOP guidelines.
- Engages communications with borrowers, brokers, title companies, appraisers and insurance companies for required reporting and review.
- Manages the daily workflow to ensure that loan commitment deadlines are met.
- Organizes the loan disbursement process, file maintenance, adjustments, reconciliations and other loan system functions.
- Controls the closing pipeline and participates in loan committee meetings.
- Independently schedules and directs loan closing proceedings in a timely manner.
- Draft the SBA Terms & Conditions in accordance of the loan approval and SBA’s SOP’s.
- Obtain loan approval through ETRAN under PLP Authority.
- Maintains superior customer service when obtaining all SBA documentation.
- Assume other responsibilities or special duties associated with the function of the department as delegated by SBA Supervisor.
- Oversee and collaborate with team members to ensure accuracy on all loans.
PHYSICAL AND SENSORY REQUIREMENTS:
- Prolonged periods sitting at a desk and working on a computer.
POTENITAL ON-THE-JOB-RISKS:
EDUCATION, TRAINING AND EXPERIENCE:
- 5-10 years of banking and commercial lending experience
- BS or BA Degree in Business Administration or related field experience
- Extensive knowledge of and experience with SBA closing requirements
- Ability to analyze a loan approval and loan file to ensure all necessary documentation is obtained during the closing process
- Prior experience working within an SBA lending team is strongly encouraged.
- Demonstrates the ability to coach, lead, and motivate.
- Strong interpersonal skills and good oral written communication skills.
- Knowledge of software/systems required to successfully perform job function.
- Proven history of managing high volume workflows.
