Loan Construction Officer I (Hybrid)

Bancorp Bank, The • Morrisville, NC

86d

About The Position

This is a hybrid role, working onsite in our Morrisville, NC office after the initial training period. The position involves performing all loan post-close funding and construction management for all SBL clients, as well as assisting SBL Construction Loan Officers with all administrative duties.

Requirements

• An undergraduate degree in a related field or an equivalent combination of training and experience.
• 0-3 years of related experience in SBA/Loan Closing/documentation.

Nice To Haves

• Strong working knowledge of SBA and commercial loan documentation.
• Strong working knowledge of SOP 50-10, loan packaging, documentation and closing training from NAGGL.
• Strong working knowledge of Funding process-SBA compliance and documentation requirements.
• General understanding of construction preferred.
• Excellent verbal, written, and interpersonal communication skills.
• Business or general accounting skills preferred.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.
• Knowledge of other computer loan systems.

Responsibilities

• Responsible for the administration and compliance associated with SBA and Conventional real estate construction, leasehold construction, franchise, and non-franchise loans.
• Provides the central point of communication to coordinate the closing for construction and non-construction loans, and the post-closing administration and funding.
• Provides professional level of communication to borrowers, general contractors, sales team, lenders, and internal/external team members.
• Provides for the accurate reporting of all loan updates and status changes within bank’s loan processing, servicing platform systems.
• Performs SBA and Commercial Construction review and approval of closing and disbursement documentation required for full compliance with CRE conventional, SBA, 7(a), 504 and USDA loans.
• Prepares and releases weekly checklist, appropriate letters, and communications to manage and directs the closing and funding/construction management process.
• Prepares and delivers letters of engagement and instructions to third party vendors to coordinate and manage the projects in construction as well as non-construction funding needs in accordance with banks/SBA standards for compliance, documentation audit, submission, and control.
• Manages all aspects of the closing and funding processes including audit, reconciles or documents the equity requirements for SBA / Bank compliance.
• Coordinates for the review and approval of all funding needs to streamline timely funding to borrowers.
• Prepares and documents all funding requirements for compliance with funding requirements, loan conditions and compliance with internal bank controls.
• Complies with general accounting requirements for funding, loan records and post close conditions in accordance with the SBA SOP.
• Closes out documentation needed for Tickler maintenance, utilizing proper codes, worksheets, and tracking systems.
• Maintains file compliance including accurate utilization of electronic shared system and hard file stored management.
• Works to maintain current knowledge of the SBA loan program, current banking, and regulatory compliance matters.
• Attends or completes all required training for subject matters deemed applicable to position.
• Performs other duties as assigned.

What This Job Offers

• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees