SBA Closing Specialist
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Position- The SBA & USDA Closing Specialist
Mode Onsite
The SBA & USDA Closing Specialist is responsible for all aspects of SBA & USDA loan closings process all draw requests (including construction funding managing the SBA Pass-thru GL/Account).
Essential Duties and Responsibilities-
1. Review of the Credit Memo/LOM for accuracy and any changes (Addendums) needed. This duty is performed daily about 50% of the time.
2. Prepare the closing checklist for the borrower &/or loan officer. This duty is performed daily about 25% of the time.
3. Notate any exceptions (check/include on the LOM). This duty is performed daily about 10% of the time.
4. Enter the loan/package into SBA One/ETran/Wizard to obtain the SBA Authorization. This duty is performed weekly about 25% of the time.
5. Send 327 Action Notices for any changes/addendums to the SBA Authorization. This duty is performed weekly about 10% of the time.
6. Review the loan application and supporting documentation request updated documents if needed. This duty is performed daily about 25% of the time.
7. Send updated documents to the credit analyst to update the file/credit memo &/or addendum. This duty is performed weekly about 25% of the time.
8. Engage Closing Attorney &/or Title Agent (if real estate is included). This duty is performed weekly about 25% of the time.
9. Order appraisal through RIMS Environmental Survey Title (any due diligence reports). This duty is performed weekly about 25% of the time.
10. Review the Commitment Letter/Conditions for accuracy. This duty is performed weekly about 10% of the time.
11. Review the Credit Memo (and any Addendums) and updated Conditions add to closing process. This duty is performed daily about 10% of the time.
12. Work directly with the borrower guarantors and loan officers to keep them updated. This duty is performed weekly about 25% of the time.
13. Schedule the loan closing (include the loan officer). This duty is performed weekly about 20% of the time.
14. Research UCCs Liens etc (verify with closing attorney). This duty is performed daily about 25% of the time.
15. Clear any 912 issues liens UCCs (ensure First lien position on business assets). This duty is performed monthly about 25% of the time.
16. Collect all supporting documentation from the borrower/guarantors (invoices receipts etc). Scan file into OnBase (Fortis). This duty is performed daily about 10% of the time.
17. Verify Cash Injection or equity injection. This duty is performed daily about 20% of the time.
18. Order appraisal on any personally owned properties offered as collateral and monitor Construction projects. This duty is performed monthly about 25% of the time.
19. Completes required BSA/AML training and other compliance training as assigned. This duty is performed as needed.
20. Ensure Loan Covenants are included the Loan Agreement per the Credit Memo/Conditions. This duty is performed weekly about 25% of the time.
21. Maintain GL Account (SBA Pass-thru) originate or approve wires for closings/draws. This duty is performed monthly about 25% of the time.
22. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.
23. Engage site inspection vendor/provider as needed for draw requests. This duty is performed monthly about 25% of the time.
24. Audit cashier checks/keep log. This duty is performed monthly about 5% of the time.
25. Keep up to date on WSJ Prime/rate changes (update the Credit Memo & SBA Authorization). This duty is performed monthly about 10% of the time.
26. Perform any other related duties as required or assigned.
Education And Experience
Broad knowledge of such fields as accounting marketing business administration finance etc. Equivalent to a four-year college degree plus 3 years related experience and/or training or equivalent combination of education and experience.
Key Skills
- Sales Experience
- Crane
- Customer Service
- Communication skills
- Heavy Equipment Operation
- Microsoft Word
- Case Management
- OSHA
- Team Management
- Catheterization
- Microsoft Outlook Calendar
- EHS
