SBA Loan Closer

About the Position

The position of SBA Loan Closer is responsible for closing SBA loans within the scope of SBA Standard Operating Procedures (SOP) and within the required time frames. Assures compliance with the SBA SOP, Bank SBA Loan Policy, Bank policies and procedures, as well as, all applicable state and federal banking regulations. Assures compliance with all Bank policies and procedures and SBA Standard Operating Procedures, as well as, all applicable state and federal banking regulations

The ideal candidate will be highly detail-oriented with the ability to multi-task, meet competing deadlines, and provide excellent client service.

Essential Duties and Responsibilities

The essential functions include, but are not limited to the following:

• Process SBA 7(a) and SBA 504 loan files.
• Review title policies, other real estate-related documents, entity documentation, and legal documents of borrowers and ensure all Bank and SBA requirements have been met.
• Review approved Credit Approval Document; prepare borrower closing checklist and coordinate with customer for any documentation needed prior to or at closing.
• Determine and communicate to prospective borrowers and referral sources the required documentation needed for closing.
• Prepare SBA loan authorization through eTran or other means
• Act as the key point of contact for the client, BDO, and other individuals involved in the loan and closing process, communicating with the team regularly with status updates.
• Maintain a working knowledge of SBA Loan due diligence, risk management requirements, loan policy, and procedure, ensuring the use of accurate SBA forms and procedures.
• Collaborate with lending teams to collect and review information necessary to produce loan documentation.
• Request and review entity documentation, UCC searches, title insurance, flood certificates, etc.
• Request and review attorney-prepared documentation ensuring it is in accordance with approved credit presentation.
• Assist in identifying and clearing any exceptions within the appropriate time periods; interact with the SBA, underwriters, referral partners, borrowers, attorneys, and insurance agents to ensure all conditions are met for closing.
• Collect and process executed loan packages for funding and boarding.
• Other duties as assigned.

Minimum Qualifications (Knowledge, Skills, and Abilities)

• Bachelor’s Degree preferred; High School Diploma or GED required.
• Minimum of 3-5 years of experience in SBA loan closing or administration department or as a commercial loan closer is strongly preferred.
• Experience with SBA forms and attorney-prepared loan documentation is preferred.
• Strong written and verbal communication skills.
• A positive and collaborative approach with both peers and management.
• Versatility, flexibility, and a willingness to work on consistently changing priorities with enthusiasm.
• Outstanding people skills.
• Experience working in a time-sensitive environment.
• Excellent data entry and computer skills, including Microsoft Office products (Word, Excel).
• Strong ability to grasp concepts and processes.
• Ability to work effectively within a remote team

Physical Demands and Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers and handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate. Professional office setting, a primarily sedentary position requiring long periods of time working at a computer. May be required to work in excess of 40 hours per week and other than normal business hours, such as holidays, evenings, and weekends as business demands.

Location

This is a remote position that can report to our Troy, MI, Salt Lake City, UT, or Westminster, CO office.

Note: This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an “at will” relationship.

E-Verify

Milestone participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

The company is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.

We kindly request that recruiters, staffing agencies, and third-party sourcing individuals refrain from applying or contacting us regarding job opportunities.