SBA Loan Closing Officer

Third Coast Bank•Houston, TX

37d•Onsite

About The Position

The SBA Loan Closer and Servicer manages the entire SBA loan closing and funding process on SBA loans upon receipt of the Approved loan package. Essential Functions: Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. Responsible for closing SBA loans and 504 loans according to SBA SOP. Prepares SBA Loan Closing checklist for Borrowers Completes SBA Lender forms and SBA 10 Tab Loan package for closing Coordinates the closing process, engages SBA Lending Assistant to help, and engages SBA attorney for loan documentation. Prepares SBA Loan Authorization for all delegated authority loans. Obtains SBA Loan numbers from SBA'S ETRAN Handles SBA loan funding process and ensures loan proceeds are funded according to SBA Loan Authorization Assists in servicing SBA loans Performs a variety of customer service activities including responding to requests, researching discrepancies and can resolve more complex loan and deposit issues. Types routine letters and forms, answers telephone and directs callers to proper bank personnel. Acts as primary contact with customers, Lenders, SBA Underwriters, and Loan Administration and Operations through the loan closing process. Coordinates loan documentation through Loan Operations and works directly with attorney and title company on real estate loan closings. Requires excellent knowledge and understanding of documentation required to complete various types of loans. Conducts a pre-closing and a post-closing file review and forwards to Loan Operations area for booking. Ensures requirements on loan pre-closing and closing- checklists are met prior to funding or that proper approval is obtained for exceptions. Performs all other duties as assigned.

Requirements

High school diploma or general education degree (GED) and some college is required but prefer a 4-year degree.
At least five (5) years of banking experience working in an SBA Department and SBA training or the equivalent combination of education and experience.
Work related experience should consist of customer service, preparation of SBA Forms, SBA loan documentation, and SBA loan closing and loan servicing experience as well as experience with real estate lending and at least four (4) to six (6) years of SBA loan closing, and real estate loan closing experience.
Educational experience, through in-house training sessions, formal school, or financial industry related curriculum, should be business or financial industry related.
Intermediate experience, knowledge, and training in branch operation activities, terminology and products and services.
Knowledge of related state and federal banking compliance regulations, and other Bank operational policies.
Knowledge of SBA SOP and ability to accurately complete SBA Loan Forms, SBA Packaging requirements and be familiar with E-Tran.
Ability to communicate effectively with SBA Borrowers, Lenders, attorneys, Sellers, and accountants to gather necessary documents for SBA Loan Closings.
Experience monitoring, disbursing, and servicing SBA 7a loans per SOP requirements.
Intermediate skills in computer terminal and personal computer operation; and word processing, excel spreadsheets. and account opening software programs.
Intermediate typing skills to meet production needs of the position.
Basic math skills; calculate interest and balance accounts; add, subtract, multiply and divide in all units of measure using whole numbers, common fractions, and decimals; locate routine mathematical errors; count currency, and negotiable instruments in a timely manner.
Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
Excellent organizational and time management skills.
Detail oriented person able to set up SBA Loan Equity Injection and Loan Funding spread sheets.
Ensure requirements on pre-closing and closing checklists are met prior to funding or approval is obtained for exceptions.
Ability to handle multiple tasks simultaneously in a fast paced, diverse, and growth-oriented environment.
Ability to work without supervision while performing duties

Responsibilities

Closing SBA loans and 504 loans according to SBA SOP.
Preparing SBA Loan Closing checklist for Borrowers
Completing SBA Lender forms and SBA 10 Tab Loan package for closing
Coordinating the closing process, engages SBA Lending Assistant to help, and engages SBA attorney for loan documentation.
Preparing SBA Loan Authorization for all delegated authority loans.
Obtaining SBA Loan numbers from SBA'S ETRAN
Handling SBA loan funding process and ensures loan proceeds are funded according to SBA Loan Authorization
Assisting in servicing SBA loans
Performing a variety of customer service activities including responding to requests, researching discrepancies and can resolve more complex loan and deposit issues.
Acting as primary contact with customers, Lenders, SBA Underwriters, and Loan Administration and Operations through the loan closing process.
Coordinating loan documentation through Loan Operations and works directly with attorney and title company on real estate loan closings.
Ensuring requirements on loan pre-closing and closing- checklists are met prior to funding or that proper approval is obtained for exceptions.
Performing all other duties as assigned.