SBA/Commercial Loan Closer

Position Summary: Responsible for functions related to the complete loan closing process for both SBA loans and conventional loans, including but not limited to managing loan pipeline, coordinating loan closings, preparing and reviewing complex loan documents.

Essential Functions

• Process loan files to meet all required criteria in a timely manner.
• Prepare documentation for commercial and SBA loans, renewals, modifications, subordinations, amendments and waivers/exceptions.
• Coordinate and communicate with borrowers, title companies and/or attorneys to schedule closings, preparing documents, review and instructions as necessary.
• Ensure all loan documents are complete, accurate and properly filed by verifying signatures, execution, dates, collateral, and all other supporting documents.
• Review, collect and/or prepare required documentation such as borrower injection, debt refinance support, leases, business evaluations and franchise eligibility for SBA loans.
• Track loan volumes and provide data for pipeline reports.
• Regular, reliable, and predictable attendance.

Marginal Functions

• Complete Uniform Commercial Code (UCC) and other legal filings in a timely manner.
• Maintain a working knowledge of government guaranty programs and procedures.
• Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
• All other duties as assigned.

Minimum Educational & Experience Requirements

• High school degree or equivalent work experience
• 2-5 years of experience in SBA loan closing, commercial loan operations or commercial lending
• Strong knowledge of SBA SOP guidelines, commercial loan documentation and closing procedure
• Proficiency in Microsoft Office and loan origination or document preparation systems

Minimum Skill Requirements

• In-depth knowledge of loan products, functions, documentation, policies, and procedures as required by bank policy, state, and federal regulators
• Knowledge of UCC filings, lien perfection, and collateral documentation
• Familiarity with commercial real estate transactions
• Experience working with attorneys, title companies and government lending programs
• Ability to interpret loan approvals and identify documentation requirements independently
• Ability to multi-task and work under pressure
• High degree of confidentiality
• Strong attention to detail
• Ability to effectively evaluate problems and provide appropriate solution
• Ability to manage multiple loan files simultaneously while meeting deadlines

Physical Demands

In terms of an 8-hour workday, "occasional" equals 1% to 33%, "frequent" equals 34% to 66% and "continuous" equals 67% to 100%. However, some duties are performed monthly, annually or sporadically throughout the year and are essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position, if the accommodation does not impose an undue hardship that would require significant difficulty or expense.

• Continuous remaining in a stationary position, particularly, but not limited to, at a desktop computer
• Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use
• Continuous communication: verbal and written, in-person, phone and electronic

Work Environment

• Office setting