SBA Loan Closer

Carter Bank•Greensboro, NC

23h

About The Position

The SBA Loan Closer manages SBA 7(a) loan transactions from conditional approval through funding, coordinating with borrowers, SBA Relationship Managers, attorneys, title companies, third-party service providers, and the SBA Closing Manager. The role uses professional judgment to evaluate eligibility, identify risks, assess closing readiness, and resolve complex or non-routine transaction issues within delegated authority and established bank policies. The position provides subject matter expertise on SBA closing requirements and regulatory compliance, oversees third-party closing activities and file integrity, and supports post-closing requirements such as SBA note registration, servicing transfers, secondary market documentation, and guaranty purchase considerations. It also interprets changes to SBA procedures and internal policies and recommends improvements to closing operations and risk management practices.

Requirements

High school diploma or equivalent.
Prior SBA 7(a) loan closing experience.
Intermediate knowledge of SBA SOP closing requirements, authorization conditions, and funding procedures.
Intermediate collaboration skills.
Intermediate verbal and written communication skills.
Intermediate organizational skills.
Intermediate customer service skills.
Intermediate proficiency with loan origination systems.
Intermediate proficiency with Microsoft Office.

Responsibilities

Manage and oversee the SBA 7(a) loan closing process from conditional approval through funding.
Analyze approval conditions, SBA Standard Operating Procedures, and internal lending policies to identify compliance concerns and closing requirements and recommend resolutions to complex issues.
Provide guidance to SBA Relationship Managers, attorneys, borrowers, and third-party service providers on closing requirements, documentation issues, and SBA compliance.
Evaluate and resolve non-routine closing deficiencies and transactional challenges, taking corrective action within delegated authority and escalating matters requiring formal SBA Credit or legal approval.
Assess loan readiness for funding, evaluate material closing conditions and outstanding risks, and provide funding recommendations or exercise delegated closing clearance authority in accordance with bank policy.
Direct and collaborate on third-party closing activities, including legal documentation, title review, collateral perfection, appraisal coordination, and settlement requirements.
Oversee the integrity and completeness of closing files to ensure documentation supports SBA requirements, internal lending standards, and subsequent servicing or secondary market transactions.
Provide guidance on post-closing regulatory and documentation requirements, including SBA note registration, servicing transfers, secondary market documentation, and SBA guaranty purchase considerations.
Interpret changes to SBA procedures, regulatory guidance, and internal lending policies and recommend enhancements to departmental procedures and risk management practices.