Jr. SBA Lending Coordinator

Summary: Under the direction of the SBA Lending Coordinator, the Jr. SBA Lending Coordinator is responsible for supporting documentation, closing, monitoring & servicing processes of SBA loans in accordance with the approved policies & procedures within the SBA Department. Prepares documentation within the terms and conditions of the approved CAM and SBA Terms. Coordinates booking, closing, and funding processes. Performs post-closing functions. Assists with all audits.

Job Responsibilities: 

• Prepares commitment letter based on CAM and SBA conditions.


• Coordinates with closing attorney to submit closing checklist to borrowers/attorneys.


• Follows up with borrowers to satisfy closing checklist requirements. 


• Orders all third-party reports as required (Appraisal/ BV/ Environmental/ Construction Budget Review/Advance, etc.).


• Prepares closing documents and closes loans per CAM & Commitment Letter.


• Assists with pulling third party searches as needed (CAIVRS / SAMs, etc.) 


• Documents and verifies capital infusion prior to loan closing.


• Obtains and follows up for insurance prior to closing.


• Confirms pre & post-closing UCC & Mortgage liens & filings with CAM & closing.


• Uploads documents and modifies information as required in various Bank and SBA systems (Etran/nCino / DNA/ Nautilus/ etc.) 


• Prepares SBA Terms & Conditions.


• Issues required letters regarding flood insurance notification.


• Ensures SBA guaranty fee is paid as required. 


• Processes broker fee (Form 159 along with invoices).

• Monitors the closing pipeline. 


• Performs closings as assigned. 


• Ensures transactions are efficiently distributed and processed in a timely manner.


• Assist with loan payment collection


• Prepares monthly 1502 reporting.


• Prepare semiannual SBA liquidation report.


• Prepare SBA 10 tab as required.

• Coordinates loan closing with borrowers and attorneys; prepares wires/checks for funding.


• Inputs wire for SBA closings.

• Inputs all closed loans into the Bank’s DNA system and verifies entries for accuracy. 


• Inputs wires / ACH/ check request for future advances.


• Inputs supporting loan file documentation into the Bank’s document imaging system and prepares closing file for post-closing review.


• Supports all post-closing related activities such as receipt of all required recorded documentation, policies, and completion of collateral files.


• Monitors and obtains all necessary documents for multi advance loans; such as Construction and leasehold improvement transactions. (Invoices, Lien waivers, title rundowns, inspections, etc.)

• Assists with all audits.


• Assists team members in gathering information for any internal or external loan reviews.

• Performs other job-related duties as may be assigned.


• Inputs and submits request for various 3rd party reports (appraisal/environmental/ cost review/BV).


• Submit payoff request to SBA.


• Issue new broker agreement along with collecting W-9 and any other supporting documents. 


• Assist / verifies wires for other closers.

Job Requirements:

• Bachelor’s Degree preferred;


• 2-3 years’ experience in business lending documentation & closing, SBA focus a plus;


• Proficient in Microsoft Word & Excel;


• Familiar with UCC filings (both origination & termination);


• Excellent customer service skills;


• Attention to detail;


• Organizational skills;


• Ability to work independently, once trained, to complete work on a timely basis;


• Effective communication skills.

Columbia Bank offers the following benefits:

• Medical, Dental, Vision and Rx which are contributory.


• Bonus programs.


• Employee Stock Option Program (ESOP).


• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).


• Paid Time Off (PTO) which includes Personal and Vacation Time.


• Paid Sick Time.


• Bank Holidays.


• Employees may participate in the 401k program.

Schedule:

• This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.