SBLD Loan Specialist I

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The SBLD Loan Closer facilitates the closing of government guaranteed loans in compliance with Bank and the U.S. Small Business Administration policies and approvals.

Essential Duties And Responsibilities

Reviews data systems and physical records for accuracy

Reviews and analyzes the Bank and SBA's approval to complete an initial loan closing checklist for the required documentation to close the loan in accordance with the Bank's policy and SBA Authorization

Works closely with SBA Banker, Lender, Closing Manager, and underwriting in gathering and documenting closing requirements and meeting customer expectations

Request documentation from third parties to complete requirements

Keep SBA Banker and Closing Manager informed of progress to loan closing on at least a weekly basis; make best efforts to collect all pre-closing requirements at least five (5) business days before proposed closing date

Review data systems for documentation and update all applicable systems as to any activity on loan; including tracking expenses for each individual loan

Coordinate with Underwriter during the closing process regarding necessary loan modifications

Identify and perform necessary pre-closing lien search duties

Review third party reports for sufficient insurance coverage and lien positions

Ensure adequate approval authority is obtained prior to closings

Review all loan documents provided for signature in advance to confirm the complete and accurate package

Obtain funding instructions and prepare any funding instruction documentation

Address and clear any collateral exceptions issued on loans closed

Other duties as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Skills

Must have the ability to read and comprehend instructions and correspondence

Must have excellent analytical, written and verbal communication skills in communications

Must be able to work individually, manage time, be able to multi-task and meet deadlines

Must be detail oriented with strong organizational and follow-through

Must possess numeric and verbal aptitudes

Must have the ability to identify problems, evaluate alternatives and implement effective solutions

Must have the ability to combine pieces of information to form general rules or conclusions

Must have basic understanding of lending processes, procedures and loan documentation

Must possess a high degree of professionalism and excellent customer service skills with internal and external customers.

Education and / or Experience

High School Diploma or equivalent required

Previous Loan Processing / Closing (Preferred)

Previous SBA job related (Preferred)

Computer Skills

Intermediate knowledge of Microsoft Word, Excel, PowerPoint and Outlook (e.g. create templates, complete mail merges, insert and edit charts)

Certificates, Licenses, Registrations

None

Other Qualifications (Including Physical Requirements)

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Activities, duties and responsibilities may change at any time with or without notice.

Skills Training

Communication

Customer Service

Time Management

Critical Thinking