Closing Officer, VSBA Closing Department - Remote, USA

Velocity Vehicle Group•Irving, TX

1d•$60,000 - $65,000•Remote

About The Position

The Closing Officer is responsible for coordinating and closing SBA loans while ensuring compliance with SBA requirements, internal policies, and closing procedures. This role works closely with borrowers, brokers, underwriters, and external parties to facilitate a smooth and timely closing process.

Requirements

3+ years of SBA Closing experience (7(a) required; 504 preferred).
Working knowledge of SBA SOPs, 7(a) and 504 program rules, and closing procedures.
Understanding of business financials, collateral documentation, title/escrow procedures, and legal documentation.
Strong attention to detail with strong organizational and deadline-management skills.
Excellent written and verbal communication skills.
Ability to manage multiple closings simultaneously in a fast-paced environment.
Proficient in Microsoft Office and loan origination/document management systems.
Must be able to pass post offer drug test and background check.

Nice To Haves

504 preferred (for SBA Closing experience)

Responsibilities

Coordinate SBA loan closings from credit approval through funding.
Review SBA Terms & Conditions, credit memos, underwriting analyses, and closing conditions to confirm accuracy and eligibility.
Prepare closing documents including Note, Guarantee, Security Instruments, UCC filings, Compliance Agreements, and SBA‑required forms.
Ensure proper execution of all SBA-required documents and verify consistency across all closing packages.
Review settlement statements, escrow instructions, and wire requests for accuracy.
Confirm every loan meets SBA SOP requirements, including use of proceeds, collateral, equity injection, franchise documentation, and eligibility.
Validate borrower and guarantor compliance with OFAC, Flood, Environmental, and Know‑Your‑Customer requirements.
Verify proper completion of SBA forms (including 1919, 1920, 159, 912 requirements, financial statement updates, and authorization compliance).
Ensure all conditions precedent to funding are met and documented according to SOP and internal policy.
Serve as primary point of contact for borrowers, brokers, attorneys, title/escrow officers, lenders, underwriters, and internal credit personnel.
Provide clear guidance to all parties regarding requirements, timelines, additional documentation, and any issues impacting closing.
Coordinate with internal teams—Underwriting, Credit, Servicing, and Post‑Closing—to ensure accurate handoff and successful funding.
Manage a pipeline of SBA loan closings and prioritize tasks to meet funding deadlines.
Monitor outstanding conditions and follow up with all parties to move transactions toward closing.
Identify bottlenecks, escalate risks, and proactively drive files toward completion.
Assist with departmental workflow improvements and process refinements.
Track deadlines to ensure loans close within approval and eligibility timeframes.
Review files for completeness and accuracy prior to closing and funding.
Assist with quality-control reviews, internal audits, and SBA file reviews as needed.
Assist with internal audits, SBA reviews, and quality-control initiatives.
Maintain up‑to‑date knowledge of SBA SOP changes and disseminate updates as needed.