Getevolved
The SBA Loan Closer is responsible for facilitating the timely processing & closing of SBA loans from credit approval to funding, including ordering and/or reviewing third party reports, coordinating closing dates, managing communication with all parties to the transaction (borrower, closing counsel, title agency, etc.), preparing and/or reviewing closing documents for accuracy, and ensuring closing documentation is in alignment with SBA loan authorization. In some cases, the Closer is also responsible for some post-closing duties (clearing exceptions, etc.) before the loan is passed on to loan ops/compliance.
Main Job Tasks and Responsibilities:
Reviews and completes all necessary documentation for SBA packaging file.
Prepares CLP submission package to the SBA.
Generates Closing Checklist and coordinates initial kickoff call with borrower, BDO and attorney.
Works closely with borrower, BDO and attorney to ensure smooth closing process.
Responsible for timely communication with Borrower of missing items needed to complete loan closing.
Maintain control over loans(s) in process to detect any potential and/or developing problems and ensure all department managers are inform of the issues.
Orders tax transcripts, UCC/Federal/State/County preliminary lien searches, title commitments and request from borrower the essential loan documentation as indicated by Underwriter and/or EB&T procedures to ensure completeness of loan files. Pays SBA Guaranty Fee in accordance with SBGA SOP.
Reconcile equity injection and make final verification determination.
Knowledge and review of AIA contracts, permits, builder’s risk and other construction documents.
Works with SBA Construction Coordinator to ensure smooth handoff on construction and multi disbursement projects.
Builds electronic loan folder and scans loan documents into electronic scanning system.
Follow internal audit procedures to ensure file is property documented and scanned into electronic scanning system.
Other support duties as assigned by Closing Manager.
Education and Experience
: Minimum 2 years SBA loan closing experience. 2-6 years commercial loan closing or relevant lending experience. Demonstrated knowledge of the SBA 7A boilerplate, Authorization Wizard, and working knowledge of the SBA SOP are required. Skilled with Microsoft Word, Excel, Outlook and related software applications. Good verbal and written communication skills. Well organized; ability to multi task; attention to detail. Ability to prioritize and work well under pressure. Must be able to work in a team environment and adapt to change. Ability to manage multiple projects and deadlines simultaneously in a fast paced environment, high production, professional environment. Friendly, strong interpersonal and communication skills. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.
#J-18808-Ljbffr
: Minimum 2 years SBA loan closing experience. 2-6 years commercial loan closing or relevant lending experience. Demonstrated knowledge of the SBA 7A boilerplate, Authorization Wizard, and working knowledge of the SBA SOP are required. Skilled with Microsoft Word, Excel, Outlook and related software applications. Good verbal and written communication skills. Well organized; ability to multi task; attention to detail. Ability to prioritize and work well under pressure. Must be able to work in a team environment and adapt to change. Ability to manage multiple projects and deadlines simultaneously in a fast paced environment, high production, professional environment. Friendly, strong interpersonal and communication skills. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.
#J-18808-Ljbffr