Regions Bank
SBA Closing Specialist- CBG Operations
Regions Bank, Birmingham, Alabama, United States, 35275
SBA Closing Specialist- CBG Operations
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Regions Bank
Job Description: At Regions, the SBA Closing Specialist is responsible for managing the loan processing/closing process, from loan approval through booking and funding for SBA 7(a), Express, and 504 government-guaranteed loans. The role includes working directly with and leading the coordination of SBA client borrowers, SBA Specialists, Assistants, internal staff, closing attorney firms, and applicable third parties (i.e., insurance companies). The scope includes collection, review, and approval of required documents, performing searches, preparing flood review packages, overseeing collateral perfection, and confirming satisfaction of equity requirements. Responsibilities also include resolving any issues that arise during the closing process.
Primary Responsibilities
Reviews approved loan packages received from underwriting to ensure critical components have been provided by the lending officer for the documentation process.
Sets up third‑party engagements commensurate with credit approval, including but not limited to attorneys, real‑estate and business appraisers, etc.
Submits applications through the appropriate SBA systems (ETran and SBA One) for guaranty authorizations.
Prepares various loan documents for closing.
Confirms satisfaction of loan approval terms and equity requirements prior to closing.
Independently monitors loan packages throughout the process to identify potential risks related to effective and efficient processing of the loan and protects the Bank’s interests.
Maintains currency with SBA SOP requirements, procedures, and changes.
Requirements
High School Diploma or GED.
Two (2) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience.
Intermediate commercial credit knowledge including loan closing, legal documentation, construction financing, and exceptions.
Proficiency in reviewing insurance, title work, surveys, collateral, lien filings, appraisals, construction due diligence, and environmental reports.
Experience working with commercial sales associates, underwriters, paralenders, insurance firms, and attorneys.
Proficiency in use of computers, Microsoft Office (Excel, Word, Outlook).
Experience with commercial loan systems.
Preferences
Specialized training in title, real‑estate, government programs (SBA), and specialized lending programs.
Experience with nCino and/or related Salesforce platforms.
Experience with SBA systems (ETran, SBA One, TSOFT).
Experience with LaserPro.
Bachelor’s degree or certification as a paralegal.
Skills And Competencies
Demonstrated effective verbal and written communication skills for explaining the loan closing process, exceptions, and associated legal documentation to internal/external clients and appropriate counsel.
Strong communication and interpersonal skills.
Strong organizational skills and the ability to handle multiple tasks under tight time constraints.
This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office four days a week. The manager will set the work schedule for this position, including in‑office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense.
Exceptions to the geographic location requirement may be made for Regions associates who currently work remotely.
Position Type: Full time.
Compensation Details Pay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors directly impacting pay for individual associates include experience, skills, knowledge, contribution, job location, and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
Minimum Job Range Target: $50,500.00 USD
Median: $63,620.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits‑eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please visit the following link:
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details: Riverchase Complex North Building, Hoover, Alabama.
Equal Opportunity Employer/including Disabled/Veterans.
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher‑volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
#J-18808-Ljbffr
–
Regions Bank
Job Description: At Regions, the SBA Closing Specialist is responsible for managing the loan processing/closing process, from loan approval through booking and funding for SBA 7(a), Express, and 504 government-guaranteed loans. The role includes working directly with and leading the coordination of SBA client borrowers, SBA Specialists, Assistants, internal staff, closing attorney firms, and applicable third parties (i.e., insurance companies). The scope includes collection, review, and approval of required documents, performing searches, preparing flood review packages, overseeing collateral perfection, and confirming satisfaction of equity requirements. Responsibilities also include resolving any issues that arise during the closing process.
Primary Responsibilities
Reviews approved loan packages received from underwriting to ensure critical components have been provided by the lending officer for the documentation process.
Sets up third‑party engagements commensurate with credit approval, including but not limited to attorneys, real‑estate and business appraisers, etc.
Submits applications through the appropriate SBA systems (ETran and SBA One) for guaranty authorizations.
Prepares various loan documents for closing.
Confirms satisfaction of loan approval terms and equity requirements prior to closing.
Independently monitors loan packages throughout the process to identify potential risks related to effective and efficient processing of the loan and protects the Bank’s interests.
Maintains currency with SBA SOP requirements, procedures, and changes.
Requirements
High School Diploma or GED.
Two (2) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience.
Intermediate commercial credit knowledge including loan closing, legal documentation, construction financing, and exceptions.
Proficiency in reviewing insurance, title work, surveys, collateral, lien filings, appraisals, construction due diligence, and environmental reports.
Experience working with commercial sales associates, underwriters, paralenders, insurance firms, and attorneys.
Proficiency in use of computers, Microsoft Office (Excel, Word, Outlook).
Experience with commercial loan systems.
Preferences
Specialized training in title, real‑estate, government programs (SBA), and specialized lending programs.
Experience with nCino and/or related Salesforce platforms.
Experience with SBA systems (ETran, SBA One, TSOFT).
Experience with LaserPro.
Bachelor’s degree or certification as a paralegal.
Skills And Competencies
Demonstrated effective verbal and written communication skills for explaining the loan closing process, exceptions, and associated legal documentation to internal/external clients and appropriate counsel.
Strong communication and interpersonal skills.
Strong organizational skills and the ability to handle multiple tasks under tight time constraints.
This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office four days a week. The manager will set the work schedule for this position, including in‑office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense.
Exceptions to the geographic location requirement may be made for Regions associates who currently work remotely.
Position Type: Full time.
Compensation Details Pay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors directly impacting pay for individual associates include experience, skills, knowledge, contribution, job location, and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
Minimum Job Range Target: $50,500.00 USD
Median: $63,620.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits‑eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please visit the following link:
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details: Riverchase Complex North Building, Hoover, Alabama.
Equal Opportunity Employer/including Disabled/Veterans.
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher‑volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
#J-18808-Ljbffr