Loan Closer

Newtek One•,

1d•$60,000 - $90,000•Onsite

About The Position

NewtekOne®, Your Business Solutions Company®, is a financial holding company that provides a wide range of business and financial solutions to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk. Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions. Small Business Lending, LLC. is looking to add a Loan Closer to its team. The Loan Closer is responsible for closing loans in compliance with Newtek and U.S. Small Business Administration policies.

Requirements

Good understanding of Title Reports, Searches, Insurance, Mortgage, UCC, and lease documentation
Proficient with file management, spreadsheet, word processing, database and PDF software
Strong organizational, verbal and written communication skills
Ability to establish and maintain effective business relationships
Ability to manage a large volume loan queue
Ability to meet tight deadlines

Nice To Haves

SBA Loan Closing experience preferred
Finastra LaserPro experience preferred

Responsibilities

Work closely with origination, processing, underwriting, construction, legal and quality assurance departments to ensure loan closings are in compliance with Newtek and SBA policies
Review loan approval letter and credit write-up, to establish the closing checklist in conformity with loan approval
Work with borrower and Newtek attorney to obtain and review pre-closing requirements
Keep in touch with borrower via phone calls minimum of two times a week and via email multiple times a week
Order lien, judgement, bankruptucy, certificate of good standing, flood determinations upon receipt of good faith deposit
Coordinate with attorney any loan modifications necessary that arise during the closing process for attorney submission to Underwriting
Collect and review pre-closing requirements and keep management informed of progress to loan closing; make best efforts to collect all pre-closing requirements at least five (5) business days before proposed closing date
Prior to scheduling loan closings, ensure all internal departments closing requirements have been cleared for closing
Order site visits prior to closing
Update all applicable data systems as to any activity on loan
Track expenses for each individual loan
Prepare funding documentation
Other duties as assigned