Loan Closer II Officer - SBA

Job Description

Job Description

Description : Location : Remote

ABOUT US :

Hanover Bank – When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals.

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a Loan Closer II Officer - SBA. The Loan Closer II Officer - SBA reports directly to the Closing Manager and will be responsible for closing all SBA loans. Primary duties include, but are not limited to, the closing of SBA loans from the time that the loan is approved to the time the loan is funded. The Loan Closer II Officer - SBA is responsible for making sure that all items from the pre-closing checklist are reviewed accurately and uploaded to the bank's internal system before scheduling a closing date. The Loan Closer II Officer - SBA will ensure the loan is closed correctly within the guidelines of the SBA as well as within the Bank’s policy and procedures.

Essential Job Duties and Responsibilities

• Act as a liaison between the closing attorney and the loan originator to coordinate outstanding items associated with the loan closing, preparation of loan documents, and handling the closing / funding.
• Review insurance accord forms and obtain policies.
• Prepare escrow analysis forms for real estate taxes and insurance.
• Review loan documents to ensure that they accurately reflect the intentions of the credit approval.
• Review title reports and surveys.
• Work with the SBA Lender and Underwriter to understand the transaction and ensure all relevant documents are obtained to ensure a timely closing.
• Maintain and update files, databases, records, and / or other documents for recurring internal reports.
• Ensure Know Your Customer (KYC) requirements have been met prior to the loan closing File System Management.
• Complete the pre-closing checklist and loan booking sheet.
• Compile documents for customer files and complete booking forms for processing and assessment, ensuring that all loan documents are received within 48 hours of closing for a timely booking to the loan servicing system.
• Ensure that all customer files are complete and in compliance with regulatory agencies and internal policies.
• Ensure customer privacy, security of files, and appropriate staff access to items.
• Gather and analyze the required information to complete the equity injection, and complete the equity injection package to be reviewed by the Closing Manager.
• Obtain the required information for construction transactions and post-closing transactions.
• Work with the attorney to ensure the loan is clear to close and complete the required forms to fund the loan.
• Input required information into the Bank’s wire system and Bank platforms for funding.
• Upload the required backup information for funding to the Bank platform in connection with funding.
• Ensure all loans are closed in compliance with the SBA, Bank loan policy, and procedures.
• Obtain all executed documents via email and track the original binder from the closing to the Bank.
• Create ticklers for post-closing items.
• Maintain pipeline report and notify management of status as needed. Process the documents received for each file, verifying the accuracy and completeness of each document.
• Make recommendations for procedural changes to increase efficiency.
• Assist in the training of new employees.

Education and Experience

Skills and Abilities

OUR BENEFITS :

Salary : $84,000.00 - $101,000.00; placement within this range will vary based on experience and skill level.

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Requirements :