Sba Closing Specialist (Remote)

This position is responsible for closing of all Small Business Administration (SBA) loans in compliance with company and SBA policy. Reviews loan documentation to identify and resolve potential problems in the closing process, ensuring that all pre-closing requirements are satisfied. Coordinates internal loan team and necessary external professionals and communicates directly with client and Bank closing counsel to resolve open closing conditions. Supports accurate, efficient loan closing to achieve department goals and profitability objectives.

• Auditing: Performs pre-closing audits of all submitted documents and conditions to ensure SBA eligibility.
• Loan Closing:  Coordinates all aspects of the loan closing process (SBA 504 and conventional) while ensuring compliance with SBA policies and procedures. Coordinates necessary parties in order to accurately and successfully complete the process.
• Quality Control: Completes quality checks of loan packages, document deficiencies, and resolves exceptions with customers and bankers.
• Loan Support:  Resolves any pending closing conditions by engaging with Bank closing counsel. Ensures that pre-closing requirements are satisfied in accordance with appropriate standards. Assembles and reviews due diligence and ensures that included documentation is satisfactory to the Bank.

Bachelor's Degree and 4 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting OR High School Diploma or GED and 8 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting

Skill(s): Detailed knowledge of loan closing documentation and requirements, Proficient with computers, software, applications, and applicable mainframe systems

Preferred Qualifications:

• Broad understanding of SBA loans
• Thorough knowledge and understanding of methods, practices, procedures and terminology used in SBA lending
• Strong computer skills, including software associated with loan originations