VP SBL Loan Closing Officer III (Remote)

Bancorp Bank, The•Morrisville, NC

23h•$75,850 - $130,341•Remote

About The Position

The Bancorp has been a leader in financial services innovation for over 25 years, pioneering fintech solutions and combining technology, expertise, and a forward-thinking approach to deliver creative, real-world solutions. The Small Business Lending team focuses on providing SBA and other financing solutions to businesses nationwide, supporting their growth from origination through funding. The VP SBL Loan Closing Officer III plays a crucial role in this process by managing and executing advanced due diligence for SBA loan closings, ensuring compliance with all relevant regulations and policies, and serving as the main point of contact for all parties involved in the closing process. This role is vital for protecting the Bank's interests and the SBA guaranty by identifying and mitigating risks.

Requirements

Undergraduate degree in a related field or an equivalent combination of education and experience.
7 years of loan documentation or SBA experience.
Extensive knowledge of SBA loan programs including 7(a), SBA Express, and 504.
Thorough understanding of SBA Standard Operating Procedures (SOP), commercial loan documentation, and closing requirements.

Nice To Haves

Advanced knowledge of SBA eligibility, loan documentation, and loan closing requirements.
Experience with E-Tran.
Excellent verbal, written, and interpersonal communication skills.
Excellent organizational, problem solving, and decision-making skills.
Strong project management skills with the ability to manage a high volume pipeline.
Exceptional customer service skills.

Responsibilities

Collects, reviews, audits, and analyzes all documentation required for loan closing, including appraisals, environmental reports, business valuations, franchise documentation, title commitments, surveys, flood determinations, insurance, UCC searches, lien filings, and organizational documents.
Reviews SBA’s Terms & Conditions and credit memorandums to ensure all closing conditions are met, coordinating modifications or amendments as needed.
Ensures compliance with SBA SOP requirements, Bank policy, legal documentation, and loan approval conditions.
Identifies and coordinates the resolution of documentation deficiencies, compliance concerns, collateral issues, and exceptions.
Prepares, reviews, and validates all loan closing documents for accuracy, completeness, enforceability, and compliance.
Manages complex SBA loan transactions.
Coordinates all aspects of the closing process with borrowers, attorneys, title companies, CDCs, SBA representatives, insurance agents, vendors, and internal departments.
Prepares, reviews, and processes loan funding requests, ensuring accurate calculation and collection of SBA guaranty fees, closing costs, and other charges.
Maintains complete electronic loan files in accordance with Bank record retention, SBA audit, and regulatory requirements.
Monitors and assists with obtaining post-closing exceptions and tickler items.
Reviews information for completeness, accuracy, and consistency, identifying discrepancies and risks.
Uses independent judgment to resolve documentation issues and recommend solutions.
Maintains accurate loan status reports, workflow tracking, and pipeline management information.
Serves as a subject matter expert for SBA loan closing requirements, providing guidance and mentoring to less experienced staff.
Collaborates with the team to identify operational improvements and enhance efficiencies.
Develops and maintains strong working relationships with borrowers, attorneys, title companies, CDCs, and internal personnel.
Performs other duties as assigned.