SBA Loan Closer

Carter Bank•Greensboro, NC

1d•$42,648 - $74,195

About The Position

The SBA Loan Closer manages SBA 7(a) loan closings from conditional approval through funding. The role coordinates with borrowers, SBA Relationship Managers, attorneys, title companies, third-party service providers, and the SBA Closing Manager to ensure transactions close accurately and on schedule. The position applies professional judgment to assess eligibility, compliance, closing readiness, and risk. It serves as a primary closing officer and subject matter resource, resolves non-routine transaction issues within delegated authority, and escalates matters requiring formal SBA Credit or legal approval. The role also supports post-closing requirements and helps interpret changes to SBA procedures and internal policies.

Requirements

High school diploma or equivalent required.
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, assess closing requirements, and recommend solutions to complex transaction issues.
Provide guidance to SBA Relationship Managers, attorneys, borrowers, and third-party service providers on complex requirements, documentation, and SBA regulatory 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, identify outstanding legal or compliance risks, and provide funding recommendations or exercise delegated closing clearance authority under 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 support SBA program requirements, internal lending standards, and subsequent servicing or secondary market transactions.
Provide guidance on post-closing requirements, including SBA note registration, servicing transfers, secondary market documentation, and SBA guaranty purchase considerations.
Interpret changes to SBA SOPs, regulatory guidance, and internal lending policies; assess implications for closing operations and recommend improvements to procedures and risk management practices.