Loan Construction Officer I (Hybrid)

Overview

Work Arrangement:

***After the initial training period, this is a hybrid role, working onsite in our Morrisville, NC office.***

Perform all loan post close funding and construction management for all SBL clients. Assist SBL Construction Loan Officers with all administrative duties.

Responsibilities

Essential Functions

• Responsible for the administration and compliance associated with SBA and Conventional real estate construction, leasehold construction, franchise, and non- franchise loans.
• Provides the central point of communication to coordinate the closing for construction and non-construction loans, and the post-closing administration and funding. Provides professional level of communication to borrowers, general contractors, sales team, lenders, and internal/external team members.
• Provides for the accurate reporting of all loan updates and status changes within bank’s loan processing, servicing platform systems.
• Performs SBA and Commercial Construction review and approval of closing and disbursement documentation required for full compliance with CRE conventional, SBA, 7(a), 504 and USDA loans. Use appropriate checklists and file system tools. Prepares and releases weekly checklist, appropriate letters, and communications to manage and directs the closing and funding/construction management process.
• Prepares and delivers letters of engagement and instructions to third party vendors to coordinate and manages the projects in construction as well as non-construction funding needs in accordance with banks/SBA standards for compliance, documentation audit, submission, and control.
• Manages all aspects of the closing and funding processes including audit, reconciles or documents the equity requirements for SBA / Bank compliance.
• Coordinates for the review and approval of all funding needs to streamline timely funding to borrowers. Uses the systems for specific tracking conditions within loan systems.
• Prepares and documents all funding requirements for compliance with funding requirements, loan conditions and compliance with internal bank controls (bank documents, for funding, boarding and approval requirements).
• Complies with general accounting requirements for funding, loan records and post close conditions in accordance with the SBA SOP.
• Closes out documentation needed for Tickler maintenance, utilizing proper codes, worksheets, and tracking systems.
• Maintains file compliance including accurate utilization of electronic shared system and hard file stored management.
• Works to maintain current knowledge of the SBA loan program, current banking, and regulatory compliance matters. Attends or completes all required training for subject matters deemed applicable to position.
• Performs other duties as assigned.
  
  

Qualifications

Education/Experience Requirements

• An undergraduate degree in a related field or an equivalent combination of training and experience.
• 0-3 years of related experience in SBA/Loan Closing/documentation.
  
  

Preferred Qualifications

• Strong working knowledge of SBA and commercial loan documentation.
• Strong working knowledge of SOP 50-10, loan packaging, documentation and closing training from NAGGL.
• Strong working knowledge of Funding process-SBA compliance and documentation requirements.
• General understanding of construction preferred.
• Excellent verbal, written, and interpersonal communication skills.
• Business or general accounting skills preferred.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.
• Knowledge of other computer loan systems.
• No travel required.
  
  

Additional Information

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/

Company Culture & Background Screening

Company Culture at The Bancorp Bank : https://www.thebancorp.com/company/company-culture/

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.