Northwest Bank
Sr. SBA Loan Closing Specialist - Construction focus
Northwest Bank, Baltimore, Maryland, United States
Sr. SBA Loan Closing Specialist - Construction focus
Join to apply for the
Sr. SBA Loan Closing Specialist - Construction focus
role at
Northwest Bank Sr. SBA Loan Closing Specialist - Construction focus
1 week ago Be among the first 25 applicants Join to apply for the
Sr. SBA Loan Closing Specialist - Construction focus
role at
Northwest Bank Job Description
The Senior SBA Loan Closing Specialist is responsible for all due diligence in relation to the accuracy and completeness of a new SBA loan, or a modification to an existing SBA loan, from post customer acceptance to booking/funding. This individual will work closely with SBA Sales and SBA credit to ensure all required due diligence and SBA guidelines are achieved. Additionally, the Senior SBA Closing Specialist will report on progress of loan closings to leadership at regular intervals, will be expected to remain knowledgeable of SBA changes and processes and will work to develop, with leadership, SBA process and procedure materials and provide education to field as requested. Job Description
The Senior SBA Loan Closing Specialist is responsible for all due diligence in relation to the accuracy and completeness of a new SBA loan, or a modification to an existing SBA loan, from post customer acceptance to booking/funding. This individual will work closely with SBA Sales and SBA credit to ensure all required due diligence and SBA guidelines are achieved. Additionally, the Senior SBA Closing Specialist will report on progress of loan closings to leadership at regular intervals, will be expected to remain knowledgeable of SBA changes and processes and will work to develop, with leadership, SBA process and procedure materials and provide education to field as requested.
Essential Functions
Identify business entity types and collect the corresponding legal documentation that they are required to file with the state or county Utilize the loan workflow and specific tasks within the Loan Origination System, help to identify best practices Order, review and analyze all required third-party vendor documents in relation to the collateral to be held on the loan Complete all due diligence associated with the satisfaction of loan approval conditions as well as customer identification requirements in a timely manner Verify the loans have been approved by the appropriate level of authority Be the point of contact between the lender, underwriter, customer, attorney and/or title company, and SBA as needed Ensure all required due diligence and approval documentation has been indexed accurately into our system of record Use the loan documentation software to accurately create legal agreements/contracts Execute a post-closing examination of loan documents for accuracy and completeness and perform upload of documents to the system of record Verify all applicable fees have been collected from the borrower and loan proceeds disbursed according to schedule Send loan specific information to Loan Servicing for core system input and maintenance Verify proper approval has been obtained, including approval from SBA, FSA, etc.as appropriate Ensure proper loan entry/buildout into Loan Origination System (LOS) SBA Module Ensure proper SBA Forms and Disclosures are completed and properly executed at time of application and closing Submit and obtain SBA Loan approval through E-Tran or SBA One for newly originated SBA loans and SBA modifications as required by the Servicing and Liquidation Actions Matrix as needed Order and review CAIVRS and IRS Tax Transcript verifications Coordinate and execute Letter of Credit documentation for Small Business portfolios Support all SBA closings, regardless of LOB in which they are originated May mentor more junior team members Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency Work as part of a team Work with on-site equipment Complete other duties and special projects as requested by management Discourage any unsafe work habits by setting a good example for employees by following the required safe work practices as indicated by the safety and loss prevention program Consistently and fairly enforce safe work practices Ensure that each employee knows what to do in the event of an emergency
Education And Experience
Bachelor's degree in a related field preferred 5 - 6 years previous SBA experience preferred Construction loan closing experience preferred 5 - 6 years previous loan closing / loan operations experience required
This position can be performed remotely, unless you live within 40 miles of one of our Hub locations which are listed below. If you live within 40 miles of one of the locations listed below, you must be onsite Monday - Thursday with Friday as an optional work from home day.
INDEPENDENCE, OH
6480 Rockside Woods Blvd S
Suite 345
Independence, OH 44131
COLUMBUS, OH
HQ
3 Easton Oval
Columbus, OH 43219
MOUNT JOY, PA
101 East Main Street
Mount Joy, PA 17552
WARREN, PA
100 Liberty Street
Warren, PA 16365
ERIE, PA
800 State Street
Erie, PA 16501
PITTSBURGH, PA
Bellevue
532 Lincoln Avenue
Bellevue, PA 15202
Pittsburgh Business Office
525 William Penn Place
Suite 3550
Pittsburgh, PA 15222
FISHERS, IN
11 Municipal Drive
Suite 150
Fishers, IN 46037
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Banking Referrals increase your chances of interviewing at Northwest Bank by 2x Get notified about new Closing Specialist jobs in
Maryland, United States . Baltimore, MD $60,000.00-$80,000.00 2 weeks ago Denton, MD $40,500.00-$55,000.00 1 month ago Baltimore, MD $55,000.00-$65,000.00 2 weeks ago Westminster, MD $40,500.00-$55,000.00 1 month ago Street, MD $49,284.00-$90,230.00 17 hours ago Funding Specialist - Commercial Loan Operations
Linthicum, MD $73,800.00-$118,000.00 3 hours ago Columbia, MD $60,000.00-$70,000.00 1 week ago Loan Processor- Department of Housing & Community Development
Entry Level | Loan Assistant | Frederick
Baltimore County, MD $46,800.00-$64,400.00 4 days ago Documentation Specialist (Must Have Excel & SAP Exp) - Urgent Need
Annapolis, MD $60,000.00-$72,500.00 2 weeks ago Silver Spring, MD $82,500.00-$87,500.00 1 week ago Hyattsville, MD $40,000.00-$50,000.00 5 months ago Frederick, MD $40,000.00-$50,000.00 10 months ago Temple Hills Park, MD $40,000.00-$50,000.00 10 months ago Hunt Valley, MD $50,000.00-$65,000.00 5 days ago Silver Spring, MD $82,500.00-$87,500.00 1 week ago Job Title: AP/AR & Administrative Coordinator
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Join to apply for the
Sr. SBA Loan Closing Specialist - Construction focus
role at
Northwest Bank Sr. SBA Loan Closing Specialist - Construction focus
1 week ago Be among the first 25 applicants Join to apply for the
Sr. SBA Loan Closing Specialist - Construction focus
role at
Northwest Bank Job Description
The Senior SBA Loan Closing Specialist is responsible for all due diligence in relation to the accuracy and completeness of a new SBA loan, or a modification to an existing SBA loan, from post customer acceptance to booking/funding. This individual will work closely with SBA Sales and SBA credit to ensure all required due diligence and SBA guidelines are achieved. Additionally, the Senior SBA Closing Specialist will report on progress of loan closings to leadership at regular intervals, will be expected to remain knowledgeable of SBA changes and processes and will work to develop, with leadership, SBA process and procedure materials and provide education to field as requested. Job Description
The Senior SBA Loan Closing Specialist is responsible for all due diligence in relation to the accuracy and completeness of a new SBA loan, or a modification to an existing SBA loan, from post customer acceptance to booking/funding. This individual will work closely with SBA Sales and SBA credit to ensure all required due diligence and SBA guidelines are achieved. Additionally, the Senior SBA Closing Specialist will report on progress of loan closings to leadership at regular intervals, will be expected to remain knowledgeable of SBA changes and processes and will work to develop, with leadership, SBA process and procedure materials and provide education to field as requested.
Essential Functions
Identify business entity types and collect the corresponding legal documentation that they are required to file with the state or county Utilize the loan workflow and specific tasks within the Loan Origination System, help to identify best practices Order, review and analyze all required third-party vendor documents in relation to the collateral to be held on the loan Complete all due diligence associated with the satisfaction of loan approval conditions as well as customer identification requirements in a timely manner Verify the loans have been approved by the appropriate level of authority Be the point of contact between the lender, underwriter, customer, attorney and/or title company, and SBA as needed Ensure all required due diligence and approval documentation has been indexed accurately into our system of record Use the loan documentation software to accurately create legal agreements/contracts Execute a post-closing examination of loan documents for accuracy and completeness and perform upload of documents to the system of record Verify all applicable fees have been collected from the borrower and loan proceeds disbursed according to schedule Send loan specific information to Loan Servicing for core system input and maintenance Verify proper approval has been obtained, including approval from SBA, FSA, etc.as appropriate Ensure proper loan entry/buildout into Loan Origination System (LOS) SBA Module Ensure proper SBA Forms and Disclosures are completed and properly executed at time of application and closing Submit and obtain SBA Loan approval through E-Tran or SBA One for newly originated SBA loans and SBA modifications as required by the Servicing and Liquidation Actions Matrix as needed Order and review CAIVRS and IRS Tax Transcript verifications Coordinate and execute Letter of Credit documentation for Small Business portfolios Support all SBA closings, regardless of LOB in which they are originated May mentor more junior team members Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency Work as part of a team Work with on-site equipment Complete other duties and special projects as requested by management Discourage any unsafe work habits by setting a good example for employees by following the required safe work practices as indicated by the safety and loss prevention program Consistently and fairly enforce safe work practices Ensure that each employee knows what to do in the event of an emergency
Education And Experience
Bachelor's degree in a related field preferred 5 - 6 years previous SBA experience preferred Construction loan closing experience preferred 5 - 6 years previous loan closing / loan operations experience required
This position can be performed remotely, unless you live within 40 miles of one of our Hub locations which are listed below. If you live within 40 miles of one of the locations listed below, you must be onsite Monday - Thursday with Friday as an optional work from home day.
INDEPENDENCE, OH
6480 Rockside Woods Blvd S
Suite 345
Independence, OH 44131
COLUMBUS, OH
HQ
3 Easton Oval
Columbus, OH 43219
MOUNT JOY, PA
101 East Main Street
Mount Joy, PA 17552
WARREN, PA
100 Liberty Street
Warren, PA 16365
ERIE, PA
800 State Street
Erie, PA 16501
PITTSBURGH, PA
Bellevue
532 Lincoln Avenue
Bellevue, PA 15202
Pittsburgh Business Office
525 William Penn Place
Suite 3550
Pittsburgh, PA 15222
FISHERS, IN
11 Municipal Drive
Suite 150
Fishers, IN 46037
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Banking Referrals increase your chances of interviewing at Northwest Bank by 2x Get notified about new Closing Specialist jobs in
Maryland, United States . Baltimore, MD $60,000.00-$80,000.00 2 weeks ago Denton, MD $40,500.00-$55,000.00 1 month ago Baltimore, MD $55,000.00-$65,000.00 2 weeks ago Westminster, MD $40,500.00-$55,000.00 1 month ago Street, MD $49,284.00-$90,230.00 17 hours ago Funding Specialist - Commercial Loan Operations
Linthicum, MD $73,800.00-$118,000.00 3 hours ago Columbia, MD $60,000.00-$70,000.00 1 week ago Loan Processor- Department of Housing & Community Development
Entry Level | Loan Assistant | Frederick
Baltimore County, MD $46,800.00-$64,400.00 4 days ago Documentation Specialist (Must Have Excel & SAP Exp) - Urgent Need
Annapolis, MD $60,000.00-$72,500.00 2 weeks ago Silver Spring, MD $82,500.00-$87,500.00 1 week ago Hyattsville, MD $40,000.00-$50,000.00 5 months ago Frederick, MD $40,000.00-$50,000.00 10 months ago Temple Hills Park, MD $40,000.00-$50,000.00 10 months ago Hunt Valley, MD $50,000.00-$65,000.00 5 days ago Silver Spring, MD $82,500.00-$87,500.00 1 week ago Job Title: AP/AR & Administrative Coordinator
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr