SBA Business Loan Closing Coordinator Sr
About The Position
The SBA Business Loan Closing Coordinator, Sr. is responsible for processing government-guaranteed business loans in preparation for closing, ensuring adherence to expected service levels. This role involves obtaining necessary collateral reports and information to meet credit approval terms and government agency requirements, working with various types of collateral including UCC secured, titled collateral, commercial real estate, construction, refinance, and business acquisitions. The coordinator prepares all documentation required for the proper closing and documentation of government-guaranteed business loans, ensuring compliance with SBA/USDA regulations. They maintain up-to-date knowledge of and interpret various laws, regulations, policies, and procedures related to loan documentation to ensure proper loan and collateral documentation. Additionally, the role involves monitoring and sometimes directing monetary disbursements and participating in post-closing quality control. Other duties may be assigned.
Requirements
- High School Diploma or GED
- Minimum of 3 years of consumer/business loan doc prep, analysis, document review and/or quality review
- Strong written and verbal communication skills as well as organizational skills are required.
- Excellent PC skills to include Microsoft Office software and Lotus Notes, as well as knowledge of HNB mainframe systems.
- Ability to interact with internal customers to achieve positive results and work in a fast-paced, production environment.
- Applicants must be currently authorized to work in the United States on a full-time basis.
Nice To Haves
- Experience with the SBA program or other government guaranteed loan programs
- Paralegal Certificate and Associate Degree
- Proficiency in Laser Pro or other software systems that generate commercial loan documentation
- Experience with SBA and/or USDA documentation
Responsibilities
- Obtains all necessary collateral reports and information required to meet the terms and conditions of credit approval and of government agency requirements.
- Works with UCC secured, titled collateral, commercial real estate, construction, refinance and business acquisitions.
- Prepares all documentation necessary to properly close and document government guaranteed business loans.
- Ensures loans are closed, documented and disbursed in compliance with SBA/USDA regulations.
- Ensures proper loan and collateral documentation by staying abreast of and interpreting various laws, regulations, policies and procedures of loan documentation.
- Monitors and sometimes directs monetary disbursements as well as involvement in post-closing quality control.
- Performs other duties as assigned.
Benefits
- Flexible work arrangement (in-office and work from home)
- Opportunity to come together in offices for moments that matter
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
