SBL Closing Specialist III

Overview

This role is responsible for end-to-end SBA loan closing activities—from approval through funding—while ensuring loan files are accurate, complete, and meet all SBA and internal bank requirements. The position also manages, coaches, mentors, and develops staff, and serves as a lead trainer and protocol developer as needed.

This position can be remote within the organization’s operational footprint.

Responsibilities

• Apply intermediate knowledge of SBA SOP and maintain compliance with regulations and compliance requirements related to job function
• Organize loan files according to the established file folder hierarchy
• Communicate with customers and applicable third parties to gather and synthesize all relevant information
• Analyze loan files and prepare closing checklists based on loan approval and loan type
• Run and review relevant third-party reports and search for available data on public websites as necessary, including OFAC, SAMS, and CAVIRS
• Order appraisals, environmental reviews, business valuations, and equipment appraisals
• Order title work for real estate property from the Title Company
• Review closing documentation such as Articles, Operating Agreements, and Business Licenses
• Prepare IRS 8821 forms and order tax transcripts from the IRS
• Review insurance certificates for bank and SBA
• Order flood determinations, lien searches, judgement and suit searches
• Prepare loan closing documents in LaserPro
• Review and determine closing requirements upon receipt of a loan package
• Review and provide initial feedback to Underwriters on documents such as purchase agreements and leases
• File UCCs to perfect the bank’s lien position on business asset collateral
• Review Title Commitment and Closing Statement
• Complete regular loan file due diligence
• Assist other team members with pre-close file reviews
• Determine what is required to perfect security interests in collateral and when the loan is ready to close
• Negotiate landlord waivers while meeting SBA requirements and maintaining collateral security for the bank
• Support larger/more complex loans
• Manage, coach, mentor, and develop assigned staff
• Assist in developing department procedures and protocols
• Perform other duties as assigned or requested

Requirements

• Bachelor’s degree in Business, Finance, Accounting or relevant field
• 7+ years of related experience
• Demonstrated management, leadership, and coaching skills
• Intermediate knowledge of SBA SOP
• Knowledge and understanding of the Bank Loan Closing process
• LaserPro experience
• Flexibility and adaptability/collaboration skills
• Excellent listening skills and coachability
• Ability to problem-solve and think proactively
• Proficiency with Microsoft Office (Word, Outlook, Excel)
• Strong critical thinking, problem-solving, and written and verbal communication skills
• Strong attention to detail
• Ability to manage multiple loan submissions/tasks in various stages simultaneously

Preferred Qualifications

• None listed

Compensation & Benefits

• Base pay plus bonuses
• Medical, Dental and Vision insurance
• 401(k)
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional benefits

Location

Remote within the organization’s operational footprint.