SBA Sr. Closer

First Bank Of The Lake•Greenville, SC

About The Position

The SBA Sr. Closer is responsible for preparing SBA/USDA forms, submission to the SBA/USDA and to ensure compliance and adherence to USDA/SBA SOP and First Bank of the Lake policies, procedures, and regulatory requirements. Extensive knowledge of commercial lending and USDA/SBA lending processes are required to assist in the preparation of this information. The ideal candidate must have extensive Government Guaranteed Lending experience.

Requirements

Minimum of 5-7 years’ experience in Small Business Administration industry with capability to independently assess eligibility, package and close loans
Knowledge of commercial lending documentation and/or operations in banking, law firm, title company or other related industry
Detailed knowledge of the USDA/SBA SOP is required
Fundamental knowledge of business financial statements and credit factors relating to commercial loans
Skilled with Microsoft Word, Excel, Outlook, and related software applications (LaserPro, nCino, and Fiserv is a plus)
Excellent verbal and written communication skills
Well organized, ability to multi-task and attention to detail
Ability to prioritize, work well under pressure and meet deadlines
Must be able to work in a team environment and adapt to change
Prolonged periods sitting at a desk and working on a computer.
Must be able to lift up to 25 pounds at times.
Travel as required for in-person meetings and / or training.

Nice To Haves

Skilled with Microsoft Word, Excel, Outlook, and related software applications (LaserPro, nCino, and Fiserv is a plus)

Responsibilities

Manage a closing pipeline of 12-15 SBA/USDA active loans with an average of 5-7 closings per month based upon product and complexity.
Prepare and submit Preferred Lending ‘PLP’ loan requests via ETRAN.
Ensure satisfaction of all USDA requirements are met as required by the Conditional Commitment
Generate Closing Checklist and coordinate initial call with the borrower, BDO and attorneys.
Work closely with the borrower, BDO and attorney to ensure a smooth closing process
Responsible for timely communication with Borrower of missing items needed to complete loan closing
Maintains control over loans in process to detect any potential and/or developing problems and ensure all department managers are informed of the issues
Order flood certifications, tax transcripts, UCC/Federal/State/County preliminary lien searches, title commitments and request from borrower the essential loan documentation as indicated by Underwriter, First Bank of the Lake, SBA/USDA procedures to ensure completeness of loan files.
Reconcile equity injection and make final verification determination
Knowledge of AIA contracts, permits, builder’s risk and other construction documents so that you may coordinate a smooth handoff to the SBA Construction Coordinator
Build electronic loan folder and scans loan documents into FBOL system of record
Follow internal audit procedures to ensure files are properly documented
Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training, suitable to their position within the bank.
Other projects as assigned by management.