Sr. SBA Loan Closing Specialist

Northwest Bank•Columbus, OH

1d•Remote

About The Position

The Sr. SBA Loan Closing Specialist is responsible for due diligence on new SBA loans and modifications to existing SBA loans, from customer acceptance through booking and funding. The specialist works closely with SBA Sales and SBA Credit to ensure due diligence is complete and SBA guidelines are met. The role reports loan-closing progress to leadership, stays current on SBA changes and processes, helps develop SBA process and procedure materials with leadership, and provides education to the field as requested. The position supports SBA closings across all lines of business and ensures compliance with company policies, procedures, and applicable federal and state regulations. It may also include mentoring junior team members, assisting with special projects, and following and reinforcing workplace safety practices.

Requirements

5–6 years of loan closing or loan operations experience required.
Bachelor's degree in a related field preferred.
Ability to use Microsoft Office, computer applications, and department-specific software.
Ability to work as part of a team.

Nice To Haves

5–6 years of previous SBA experience preferred.
Bachelor's degree in a related field preferred.

Responsibilities

Identify business entity types and collect the legal documents they must file with the state or county.
Use the loan workflow and tasks in the Loan Origination System and help identify best practices.
Order, review, and analyze required third-party vendor documents related to loan collateral.
Complete due diligence for loan approval conditions and customer identification requirements in a timely manner.
Verify that loans have received approval from the appropriate authority.
Serve as a point of contact among the lender, underwriter, customer, attorney or title company, and SBA as needed.
Ensure due diligence and approval documents are accurately indexed in the system of record.
Use loan documentation software to create legal agreements and contracts accurately.
Conduct post-closing examinations of loan documents for accuracy and completeness and upload documents to the system of record.
Verify borrower fees have been collected and loan proceeds are disbursed according to schedule.
Send loan-specific information to Loan Servicing for core system input and maintenance.
Verify that required approvals, including SBA and FSA approvals as appropriate, have been obtained.
Ensure proper loan entry and setup in the SBA Module of the Loan Origination System.
Ensure SBA forms and disclosures are completed and properly executed at application and closing.
Submit and obtain SBA loan approvals through E-Tran or SBA One for newly originated SBA loans and, as needed, for modifications required by the Servicing and Liquidation Actions Matrix.
Order and review CAIVRS and IRS Tax Transcript verifications.
Coordinate and execute Letters of Credit documentation for Small Business portfolios.
Support SBA closings regardless of the originating line of business.
Mentor more junior team members as needed.
Comply with Northwest policies and procedures and federal and state regulations.
Use Microsoft Office, computer applications, and department-specific software to use technology effectively and improve efficiency.
Work as part of a team and with on-site equipment.
Complete other duties and special projects as requested by management.
Set a good example by following required safe work practices and discouraging unsafe work habits.
Consistently and fairly enforce safe work practices.
Ensure each employee knows what to do in an emergency.
Report loan-closing progress to leadership at regular intervals.
Help develop SBA process and procedure materials with leadership and provide education to the field as requested.