AVP, Loan Closer

Banc of California•Denver, CO

22h

About The Position

Banc of California is seeking an AVP, Loan Closer to work with lending officers, credit underwriting, attorneys, and clients from loan approval through closing. The role ensures loan closings conform to credit policy and regulatory requirements and assists the Closing Department Manager with department duties. The position performs all work in accordance with company policies and procedures and applicable U.S. state and federal laws and regulations. Responsibilities include ordering and reviewing title work, searches, flood searches, insurance, IRS transcripts, and other loan-processing items; reviewing legal documentation for new SBA commercial loans; applying SBA Standard Operating Procedures to SBA 7(a) documentation; ensuring loans are set up correctly on the commercial loan system and following up on post-closing documentation; and ensuring credit requirements are met on closed loans. The role also assists with projects, updates and reviews the Closing Guide, backs up the construction project manager and SBL Loan Closing Department Manager as needed, trains and mentors new hires, and performs other assigned duties. The company offers eligible team members a 401(k) plan with a company match and immediate vesting; comprehensive insurance options; health savings and flexible spending accounts; family-building assistance and paid parental leave; paid vacation, holidays, and volunteer time off; tuition reimbursement; mentorship and leadership development resources; and LinkedIn Learning access. The salary range is not specified.

Requirements

Minimum 5 years of SBA 7(a) commercial loan closing experience.
Advanced construction lending knowledge.
Advanced knowledge of escrow, title, UCC, and lender due-diligence and verification processes.
Advanced knowledge of commercial loan processing, documentation, closing procedures, underwriting requirements, and terminology.
Strong knowledge of SBA Standard Operating Procedures and requirements.
Ability to manage multiple tasks, projects, and deadlines simultaneously.
Strong analytical skills.
High school diploma or equivalent required.

Nice To Haves

College degree or equivalent experience; a college degree is preferred.

Responsibilities

Order and review title work, searches, flood searches, insurance, IRS transcripts, and other items needed to process loans.
Review contracts, leases, corporate documents, and other legal documentation for new SBA commercial loans.
Apply SBA Standard Operating Procedures to ensure proper SBA 7(a) documentation.
Ensure loans are correctly set up on the commercial loan system for servicing and follow up on post-closing documentation items.
Ensure credit requirements are adhered to on all closed loans.
Assist with Loan Operations projects as needed.
Assist with updating and reviewing the Closing Guide.
Back up the construction project manager as needed.
Train and mentor new hires in the Closing Department.
Back up the SBL Loan Closing Department Manager in other areas as needed.
Follow established policies and procedures and perform other duties and projects as assigned.

Benefits

401(k) plan with company match and immediate vesting.
Comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, and long-term disability.
Pre-tax Health Savings Account with employer contributions.
Pre-tax Flexible Spending Account.
Adoption, surrogacy, and fertility assistance.
Paid parental leave and family support solutions, including care options for family members.
Paid vacation days, holidays, and volunteer time off for eligible team members.
Tuition reimbursement.
Annual mentorship program.
Leadership development resources.
Access to LinkedIn Learning.