SBA Closer

Community Bankshares, Inc.

About The Position

The SBA Closer is primarily responsible for performing a variety of loan processing and closing functions, ensuring quality loan documentation and adherence to banking regulations, SBA Standard Operating Procedures, and Bank policies and procedures. This position is also responsible for assessing satisfaction of approved credit requirements as well as recognizing and proactively resolving problems in the closing process to ensure accuracy and completion of all necessary loan documents. Additionally, this position will collaborate with the credit department, clients and third parties, including attorneys and brokers, throughout the loan process. This is a high-level executive position which includes authority to approve loan funding initiatives.

Requirements

Expert-level knowledge of SBA Standard Operating Procedure 50 10, 7a lending programs and related federal regulations.
Ability to interpret legal documents, including UCC filings, title commitments, surveys and entity documentation.
Proficiency in loan software, such as LaserPro.
High-level knowledge of SBA loan programs, such as E-Tran.
Excellent time management and multi-tasking skills and ability to set goals, meet deadlines, prioritize work and handle interruptions while maintaining focus on results and quality.
Ability to identify and define problems, collect and evaluate data, draw valid conclusions and make sound independent judgements and decisions.
Excellent written and oral communication skills, including the ability to read and interpret written information, recall written and oral instructions provided by others, edit documents for accuracy, grammar and spelling, write clearly and informatively and communicate information with clarity, tact and diplomacy
Excellent customer service and interpersonal skills, including ability to ascertain and respond to customer needs and meet the bank's objectives.
Broad knowledge and understanding of federal and state bank law and regulations, basic lending principals, lending products and sound banking practices.
Knowledge of bank policies, with advanced knowledge of SBA loan policies and procedures, as well as some knowledge of underwriting, processing and servicing of SBA loans.
Demonstrated excellence in working with peer teams across organizations.
Proficiency in using Microsoft Office Suite and bank / loan software programs and platforms.
An undergraduate degree in business, finance, or a related field or an equivalent combination of training and experience.
A minimum of 2 years related experience in SBA closing (preferred) or over 3 years of complex commercial credit closing/processing experience.

Responsibilities

Prepare, process, document, close, fund and service SBA Loans in accordance with Lender’s credit policy and the SBA Standard Operating Procedure.
Review and verify all applicable loan documentation, including but not limited to credit approvals, title work, entity documentation, purchase agreements and leases.
Assist lenders with 912 clearances, citizenship, military clearance, ownership, and other eligibility issues for both GP (SBA’s General Processing) and PLP (SBA’s Preferred Lender Program) processing.
Enter loans through Etran, the SBA web-based portal, to prompt SBA approval numbers to ensure compliance and efficiency for SBA loan submissions.
Review and analyze credit approval conditions while working closely with outside counsel in preparing the Closing Checklist and guide customer through the closing process.
Gather and review construction AIA contract, final budget, plans, specifications, builder’s risk insurance, permits, etc. for construction and leasehold improvement projects.
Process disbursements according to the loan approval and adherence to the SBA’s Standard Operating Procedure, including proper documentation collection, equity verification, and draw process as well as communicate any deficiencies to the Closing Manager.
Use pre- and post-closing checklists to verify loan to approval and SBA Authorization. Work with post-close audit review to resolve any packaging/closing/disbursement issues.
Demonstrate and maintain an in-depth knowledge of the SBA Standard Operating Procedure and 7a loan programs, as well as knowledge of various other SBA programs.
Maintain a work area which ensures the safety and confidentiality of all customer records and transactions.
Understand and comply with Bank Secrecy Act and Anti-Money Laundering Policies and Procedures.
Confidently embody Community Bank & Trust values.
Represent Community Bank & Trust in the community and at community events.
Perform all other duties as assigned.