SmartBiz Loans - Austin, TX
posted 6 days ago
SmartBiz is on a mission to transform small business banking. SmartBiz is the leading technology-powered small business financing platform equipping entrepreneurs with access to the right capital at the right time. To date, we've connected borrowers with more than $9 billion in funding while increasing efficiency for our network of banks and trusted lending partners. More than 230,000 entrepreneurs have utilized our platform to access the funding they need to grow, with 60%+ of loans made to minority, women, or veteran-owned businesses. The Closing Specialist reports directly to the Closing Department Manager. The primary duties are ensuring all required documents are present and accurately completed before the loan enters the closing process. Responsible for validating the accuracy and completeness data across key documentation and the loan application and "approving and committing" documents in the Closing Guidelines and Procedures. This position is responsible for reviewing documentation including but not limited to, entity/business documentation, guarantor documentation, location documentation, insurance documentation, use of proceeds documentation, financial documentation, UCC search, SBA Form 1919 and Credit Memo. Ensure the loan is properly packaged and within the guidelines of the SBA and the Bank's Packaging Guidelines and Policies. Facilitate clear communication between the loan closing department and other relevant departments to address any outstanding issues promptly. Stay updated on regulatory requirements and compliance standards to ensure adherence throughout the loan closing process.