SBA Loan Closer III

Banesco USA•St. Petersburg, FL

About The Position

Banesco USA is seeking an SBA Loan Closer for our SBA Closing Business Unit. This role involves expertly managing SBA 7(a) loan closings and USDA closings, ensuring accuracy and adherence to strict deadlines. The position requires thorough review of Credit Memos to identify and fulfill all terms and conditions essential for loan closing. It also involves proactive collaboration with Lenders, Borrowers, escrow/title companies, and outside counsel to efficiently collect and review all necessary due diligence items. The SBA Loan Closer will critically analyze and understand due diligence documentation, including UCC searches, title commitments, surveys, environmental reports, and organizational documents, to identify potential issues and ensure compliance. A key responsibility is following Etran Terms and Conditions and ensuring the loan closes in accordance with the T&C. Proficiency in preparing or reviewing compliant loan documentation is essential. The role serves as a primary point of contact, effectively addressing inquiries from internal and external stakeholders and providing timely communication to all parties involved. Proactive identification and resolution of potential issues during the closing process, along with maintaining accurate and up-to-date loan statuses, are crucial. The position requires active participation in weekly pipeline management calls, providing clear and concise updates on assigned loans. Assistance to the department in the servicing of the bank’s SBA loan portfolio or in responding to audit inquiries may be required. Collaboration with the Post-Closing Department to ensure the proper perfection of all collateral is also a part of the role. Delivering exceptional internal and external customer service, resolving problems, issues, or questions promptly and professionally to maintain customer satisfaction and productive relationships is expected. Other duties and responsibilities as required or assigned will also be performed.

Requirements

High school diploma or GED required.
5-8 years of experience in SBA loan closing/packaging, or closely related experience, demonstrating a comprehensive understanding of the entire loan lifecycle.
Demonstrated mastery of SBA closing processes and procedures, including a deep understanding of all eligibility and closing requirements as outlined in the SOP.
Proven ability to manage loan closings with exceptional organizational skills and meticulous attention to detail.
Strong knowledge of due diligence requirements, including the ability to interpret and understand UCC financing statements, complex title commitments, surveys, and other critical legal and collateral documentation.
Strong written and verbal communication skills, with the ability to articulate complex information clearly and concisely.
Exceptional organizational skills with a proven ability to prioritize deadlines, manage multiple tasks simultaneously, and work independently in a fast-paced environment.
Strong analytical and problem-solving skills, with the ability to identify and resolve complex issues efficiently.
Demonstrated ability to build and maintain strong client relationships and effectively manage processes.
Proficient in Microsoft Excel

Nice To Haves

Bachelor’s degree preferred

Responsibilities

Expertly managing SBA 7(a) loan closings, USDA closings, & ensuring accuracy and adherence to strict deadlines.
Thoroughly reviewing Credit Memos to identify and fulfill all terms and conditions essential for loan closing.
Proactively collaborating with Lenders, Borrowers, escrow/title companies, and outside counsel to efficiently collect and review all necessary due diligence items.
Critically analyzing and understanding due diligence documentation, including UCC searches, title commitments, surveys, environmental reports, and organizational documents, to identify potential issues and ensure compliance.
Following the Etran Terms and Conditions & ensuring the loan closes in accordance with the T&C.
Demonstrating proficiency in preparing or reviewing compliant loan documentation.
Serving as a primary point of contact, effectively addressing inquiries from internal and external stakeholders and providing timely communication to all parties involved.
Proactively identifying and resolving potential issues that may arise during the closing process, collaborating with appropriate parties to ensure a smooth resolution.
Maintaining accurate and up-to-date loan statuses.
Actively participating in weekly pipeline management calls, providing clear and concise updates on assigned loans.
Assisting the department as needed in the servicing of the bank’s SBA loan portfolio or in responding to audit inquiries.
Collaborating with the Post-Closing Department to ensure the proper perfection of all collateral.
Delivering exceptional internal and external customer service, resolving problems, issues, or questions promptly and professionally to maintain customer satisfaction and productive relationships.
Performing other duties and responsibilities as required or assigned.