SBA Sr. Closer

Summary:  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.

Job 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

  Job Functions:

• 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.

Physical Requirements:

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.

EEO Statement

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status or any other protected category.

All offers of employment shall be subject to successful completion of all pre-employment screenings, verifications, and processes. Failure to comply with these processes, or failure to successfully pass all phases of the pre-employment screening will result in a withdrawal of employment offer.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Compensation is based on geographic location and individual pay decisions will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

Benefits:

• 401(k)
• 401(k) matching
• Health insurance
• Dental insurance
• Life insurance
• Paid time off
• Vision insurance
• Short- and Long-term disability
• Company-paid holidays