Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at 801-366-6947 option 1 or email macurecruiting@macu.com and every reasonable effort will be made to accommodate your needs in a timely manner.

Job Summary

Manages the SBA loan closing processes for highly complex SBA 7(a), 504, and Express loans in accordance with MACU, United States Small Business Administration (SBA), CFPB and NCUA rules and regulations, participates in department administration functions, and participates in all aspects of the SBA lending cycle. Provides meaningful support and training to the members of the SBA Loan Specialist Team and coordinates with the SBA Portfolio Specialist Team. Assists leadership in overall SBA program management.

Job Description

To be effective, an individual must be able to perform each job duty successfully.

Loan Closing duties account for approximately 60% of the workday:

• Is able to manage 12-15 loan files at a given time.
• Works with SBA loan officers, underwriters, borrowers, title companies, insurance companies attorneys, the United States Small Business Administration (SBA) and other third parties to coordinate, package, document and fund highly complex structured SBA loans including SBA 7(a), Express and 504 Loan Programs, which may include multiple borrowers with complex/layered ownership structures, guarantors and trusts for all loan amounts.
• Has an expert understanding of SBA eligibility and loan documentation processes to remain in compliance with the SBA’s Standard Operating Procedures, MACU policy and standards, CFBP and NCUA rules and regulations.
• Has an expert understanding of 1031 Exchange rules, including Reverse 1031 Exchanges.
• Has an expert understanding of business tax returns, personal tax returns, schedule K-1s, financial statements, and rent rolls.
• Understands and demonstrates a high level of written communication relating to loan file documentation, memorandums, and all forms of written communication.
• Stays current on SBA regulations affecting loan documentation and perfection of collateral.
• Reviews approved credit memos and loan files to prepare closing needs lists to satisfy all subject to requirements of the approval, ensures SBA eligibility is met, properly documents the loan, and ensures loans are closed/funded according to approval documents and MACU policy with full autonomy.
• Communicates with commercial title companies to clear exceptions and other collateral issues to ensure MACU has appropriate lien positions on all real estate collateral.
• Prepares and files all UCC searches and filings to ensure MACU has appropriate lien positions on all UCC collateral (i.e. furniture, fixtures, equipment, inventory, receivables, etc.).
• Communicates with insurance companies to ensure loans have appropriate insurance coverage specific to the loan as well as ensuring that all SBA insurance requirements are met in relation to general liability insurance specific to each business industry.
• Prepares all SBA required loan documents and performs all SBA related loan packaging duties including preparing and obtaining SBA approvals on 7(a) and Express Loans through the SBA’s ETran system.
• Communicates directly with the SBA to ensure eligibility and compliance with the SBA including clearing all SBA hold codes required to obtain SBA approval to close all loans.
• Prepares all loan documents including trust deeds, notes, borrower certifications, beneficial ownership, borrower resolutions, and loan specific documentation, and all SBA forms.

• Processes and reviews IRS tax transcripts for accuracy and to ensure borrowers are eligible for SBA financing by verifying that tax returns have been filed with the IRS.
  • Ensures accurate records are maintained in loan files including lien perfections.

• Stays current on SBA regulations affecting loan documentation and perfection of collateral including keeping up on all SBA Notices and changes to the various SBA programs outlined in the SBA’s Standard Operating Procedures.

• Ensures SBA loan ticklers are property documented and maintained.
• Follows for all post-closing documentation when applicable.
• Responsible for reviewing, boarding, requesting wires, approving other closing specialist’s wires, and funding SBA loans.
• Prepares assigned origination and closing related reports in