SBA Loan Closer III

Job Title: SBA Loan Closer

Banesco USA is seeking an SBA Loan Closer for our SBA Closing Business Unit.

Primary Job Duties

• Expertly managing SBA 7(a) loan closings, USDA closings, & ensuring accuracy and adherence to strict deadlines.
• Thoroughly reviewing Credit Memos to identify and fulfill all terms and conditions essential for loan closing.
• Proactively collaborating with Lenders, Borrowers, escrow/title companies, and outside counsel to efficiently collect and review all necessary due diligence items.
• Critically analyzing and understanding due diligence documentation, including UCC searches, title commitments, surveys, environmental reports, and organizational documents, to identify potential issues and ensure compliance.
• Following the Etran Terms and Conditions & ensuring the loan closes in accordance with the T&C.
• Demonstrating proficiency in preparing or reviewing compliant loan documentation.
• Serving as a primary point of contact, effectively addressing inquiries from internal and external stakeholders and providing timely communication to all parties involved.
• Proactively identifying and resolving potential issues that may arise during the closing process, collaborating with appropriate parties to ensure a smooth resolution.
• Maintaining accurate and up-to-date loan statuses.
• Actively participating in weekly pipeline management calls, providing clear and concise updates on assigned loans.
• Assisting the department as needed in the servicing of the bank's SBA loan portfolio or in responding to audit inquiries.
• Collaborating with the Post-Closing Department to ensure the proper perfection of all collateral.
• Delivering exceptional internal and external customer service, resolving problems, issues, or questions promptly and professionally to maintain customer satisfaction and productive relationships.
• Performing other duties and responsibilities as required or assigned.

Job Requirements

• Bachelor's degree preferred; High school diploma or GED required.
• 5-8 years of experience in SBA loan closing/packaging, or closely related experience, demonstrating a comprehensive understanding of the entire loan lifecycle.
• Demonstrated mastery of SBA closing processes and procedures, including a deep understanding of all eligibility and closing requirements as outlined in the SOP.
• Proven ability to manage loan closings with exceptional organizational skills and meticulous attention to detail.
• Strong knowledge of due diligence requirements, including the ability to interpret and understand UCC financing statements, complex title commitments, surveys, and other critical legal and collateral documentation.
• Strong written and verbal communication skills, with the ability to articulate complex information clearly and concisely.
• Exceptional organizational skills with a proven ability to prioritize deadlines, manage multiple tasks simultaneously, and work independently in a fast-paced environment.
• Strong analytical and problem-solving skills, with the ability to identify and resolve complex issues efficiently.
• Demonstrated ability to build and maintain strong client relationships and effectively manage processes.
• Proficient in Microsoft Excel

Benefits

Paid Time-Off, Tuition Reimbursement, Paid Parental Leave, Medical, Dental, Vision, 401k Match; and Life, Supplemental Insurances, and Short-Term & Long-Term Disability benefits.