VP SBL Loan Closing Officer III (Remote)

The Bancorp • Morrisville, NC

257d • $74,363 - $127,786 • Remote

About The Position

This is a remote position and can be located anywhere in the U.S.A. The role involves managing and performing due diligence required to collect, manage, examine, and accept the required documentation from clients for a wide range of commercial loan products, including but not limited to: SBA, USDA, loan participations, loan purchases, and conventional loan closings. The position requires direct interaction with applicants, referral sources, bankers, attorneys, and third-party providers including the SBA, CDC, and USDA business partners throughout the process.

Requirements

• Undergraduate degree in a related field or an equivalent combination of training and experience.
• 7 years of loan documentation or SBA experience.

Nice To Haves

• Strong working knowledge of SBA loan packaging, application, and loan documentation (express, 7a, and 504 loan programs).
• Excellent verbal, written, and interpersonal communication skills.
• Team player, able to work effectively in a team fostered, multi-tasking environment.
• Exceptional computer, internet, and software application skills.
• Exceptional client service skills.

Responsibilities

• Collects, audits, and examines all documents essential for loan closing, including tracking, engaging, and confirming compliance of all third-party reports.
• Verifies SBA's/USDA's Terms & Conditions in accordance with loan approval and credit analysis based on program participation levels.
• Tracks and funds Guarantee Fee to meet SBA requirements.
• Builds, scans, assembles, and maintains all loan files in accordance with company procedures, processes, and standards.
• Audits, reviews, accepts, or obtains proper approval of all loan documentation preceding and subsequent to loan closing.
• Follows up with applicants or applicable parties as needed to obtain missing information.
• Reviews all information, cross-checks data for inconsistency, and documents any non-standard matters with proper approval.
• Completes and/or reviews all required loan closing documentation following Bank and/or SBA/USDA guidelines.
• Creates and maintains all tracking checklists to validate loan closings are managed within guidelines.
• Enters, updates, and manages data in all loan tracking systems.
• Performs the proper follow-up and collection of post-close documentation to support the loan per tickler reporting.
• Creates, maintains, and distributes status reports to management.
• Manages the closing process to create an efficient and pleasant experience for the client.
• Participates in focus groups to improve the process and contribute suggestions to streamline the process.
• Protects the SBA Guaranty or takes out participation.
• Manages the information flow with banks, legal counsel, and others involved in the loan process.
• Develops close working partnerships with all appropriate parties during the loan documentation, approval, and closing process.
• Accounts for all fees and charges due within each loan file to minimize loss or missed fee reimbursement.
• Prepares and processes all loan funding requests to maintain accurate records, documentation, and account reconciliation.
• Reports all loan inconsistencies and maintains the highest ethical integrity throughout the loan process.
• Provides leadership and mentors other loan administrators.
• Performs other duties as assigned.

Benefits

• Competitive pay that varies based on individual experience, qualifications, and other relevant factors.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree