Northwest Bank
Sr. SBA Loan Closing Specialist - Construction focus
Northwest Bank, Oklahoma City, Oklahoma, United States
Senior SBA Loan Closing Specialist
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
Remote Work 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.
Locations
Independence, OH: 6480 Rockside Woods Blvd S, Suite 345, 44131
Columbus, OH: 3 Easton Oval, 43219
Mount Joy, PA: 101 East Main Street, 17552
Warren, PA: 100 Liberty Street, 16365
Erie, PA: 800 State Street, 16501
Pittsburgh, PA – Bellevue: 532 Lincoln Avenue, 15202
Pittsburgh, PA – Business Office: 525 William Penn Place, Suite 3550, 15222
Fishers, IN: 11 Municipal Drive, Suite 150, 46037
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
#J-18808-Ljbffr
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
Remote Work 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.
Locations
Independence, OH: 6480 Rockside Woods Blvd S, Suite 345, 44131
Columbus, OH: 3 Easton Oval, 43219
Mount Joy, PA: 101 East Main Street, 17552
Warren, PA: 100 Liberty Street, 16365
Erie, PA: 800 State Street, 16501
Pittsburgh, PA – Bellevue: 532 Lincoln Avenue, 15202
Pittsburgh, PA – Business Office: 525 William Penn Place, Suite 3550, 15222
Fishers, IN: 11 Municipal Drive, Suite 150, 46037
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
#J-18808-Ljbffr