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SBA Loan Closer
Confirmed live in the last 24 hours
Locations
Edgewater, NJ, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Customer Service
Communications
Word/Pages/Docs
Requirements
  • Bachelor's degree in Accounting, Finance and/or equivalent experience
  • Minimum of two years of closing experience in SBA lending
  • Strong knowledge of ETRAN
  • Strong knowledge of closing procedures, federal and state banking regulations, and adherence to banking policies
  • Strong oral and written communication skills in a commercial bank environment
  • Demonstrated effective customer service skills
  • Effective business writing and professional
  • Strong working knowledge of Microsoft Word and Excel
Responsibilities
  • Orders and reviews UCC/Federal/State/County preliminary lien searches, title commitments, flood search, background checks, CAIVRS, IRS Transcripts, appraisal, environmental reports, and requests the essential loan documentation as indicated by the loan approval to ensure completeness of loan file
  • Review articles and by-laws/operating agreements, where applicable of partnership, corporation, and limited liability company (LLC)
  • Substantiate Equity Injection as required by the loan approval
  • Ensure prompt payment of the Guarantee fee for the SBA loan as required by allotted time
  • Generates closing checklist and coordinates the closing with borrower, BDO and attorney etc
  • Ensure the accuracy of the loan file, including all packaging documents, satisfaction of credit conditions, and compliance with SBA lending requirements and Bank policies and procedures
  • Complete a detailed review of the loan approval to determine borrowers, guarantors, collateral, and other required credit and closing conditions and compliance with SBA lending requirements and Bank policies and procedures. Requesting any needed corrections or additions to the loan approval
  • Works closely with underwriting, attorneys, document preparation, third-party vendors (i.e., real estate brokers, title companies, insurance agency, etc.) and customers to prepare closing conditions and items needed to schedule/close the loan
  • Review closing documents upon receipt from bank attorney, third party etc. to ensure conformance with the approved loan terms and conditions
  • Disburse loan proceeds and reconcile settlement statement, review signed loan documents to ensure documents are signed correctly and follow up to obtain any missing information
Cross River Bank

501-1,000 employees

Financial technology infrastructure solutions
Benefits
  • Generous parental & leave policies
  • Completely subsidized health, dental, & vision insurance
  • Complimentary dry cleaning
  • On-site haircuts
  • Endless snacks
  • Company events
Company Core Values
  • Authentic
  • Purposeful
  • Responsible