Position Summary: Responsible for functions related to the complete loan closing process for both SBA loans and conventional loans, including but not limited to managing loan pipeline, coordinating loan closings, preparing and reviewing complex loan documents and ensuring al loan documents are accurately prepared in accordance with Bank policy and regulatory requirements, while providing an exceptional customer experience.
Essential Functions
- Process loan files to meet all required criteria in a timely manner.
- Prepare documentation for commercial and SBA loans, renewals, modifications, subordinations, amendments and waivers/exceptions.
- Coordinate and communicate with borrowers, title companies and/or attorneys to schedule closings, preparing documents, review and instructions as necessary.
- Ensure all loan documents are complete, accurate and properly filed by verifying signatures, execution, dates, collateral, and all other supporting documents.
- Review, collect and/or prepare required documentation such as borrower injection, debt refinance support, leases, business evaluations and franchise eligibility for SBA loans.
- Track loan volumes and provide data for pipeline reports.
- Regular, reliable, and predictable attendance.
Marginal Functions
- Complete Uniform Commercial Code (UCC) and other legal filings in a timely manner.
- Maintain a working knowledge of government guaranty programs and procedures.
- Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
- All other duties as assigned.
Minimum Educational & Experience Requirements
- High school degree or equivalent work experience
- 1-3 years loan documentation or similar experience
- 2-5 years of experience in SBA loan closing, commercial loan operations/commercial lending, or other Government Guaranty experience
Minimum Skill Requirements
- Strong understanding of loan products, functions, documentation, policies, and procedures as required by bank policy, state, and federal regulators.
- Excellent written and oral communication skills; must be able to effectively communicate with bank personnel of all levels, bank clients, and outside vendors
- Ability to multi-task and work under pressure
- Ability to handle confidential information in a professional mannager
- ability to work independently, establishing priorities and meeting deadlines with minimal supervision
- Excellent time management skills to establish priorities and meet deadlines
- Strong attention to detail
- Ability to effectively evaluate problems and provide appropriate soutions
- Excellent computer skills relevant to Microsoft Office Suites (i.e. Word, Excel, Outlook); proven capability to learn new systems
Physical Demands
In terms of an 8-hour workday, “occasional” equals 1% to 33%, “frequent” equals 34% to 66% and “continuous” equals 67% to 100%. However, some duties are performed monthly, annually or sporadically throughout the year and are essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position, if the accommodation does not impose an undue hardship that would require significant difficulty or expense.
- Continuous remaining in a stationary position, particularly, but not limited to, at a desktop computer
- Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use
- Continuous communication: verbal and written, in-person, phone and electronic
Work Environment