SBA Closing Specialist- CBG Operations

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Job Description:

At Regions, the SBA Closing Specialist is responsible for managing the loan processing/closing process, from loan approval through booking and funding for SBA 7 (a), Express, and 504 government guaranteed loans. This includes working directly with and leading the coordination of SBA client borrowers, SBA Specialist, Assistants, internal staff, closing attorney firm, and applicable third parties (i.e. insurance companies) as required. The scope includes the collection, review, and approval of required documents, in addition to performing searches, preparing flood review packages, overseeing collateral perfection, and confirming satisfaction of equity requirements. Will be responsible for resolving any issues that come up during the closing process.

Primary Responsibilities

• Reviews approved loan packages received from Underwriting to include credit memos, commitment letters, terms and conditions to ensure critical components have been provided by the lending officer for the documentation process

• Sets up third party engagements commensurate with credit approval, including but not limited to attorneys, real estate and business appraisers, etc.

• Submits applications through the appropriate SBA systems (ETran and SBA One) for guaranty authorizations

• Prepares various loan documents for closing

• Confirms satisfaction of loan approval terms and equity requirements prior to closing

• Independently monitors loan packages throughout the process to identify potential risks related to the effective and efficient processing of the loan and to protect the Bank's interests

• Maintains currency with SBA SOP requirements, procedures, and changes

This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School Diploma or GED

• Two (2) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience

• Intermediate commercial credit knowledge including loan closing, legal documentation, construction financing, and exceptions

• Proficiency in reviewing insurance, title work, surveys, collateral, lien filings, appraisals, construction due diligence, and environmental reports

• Experience working with commercial sales associates, underwriters, paralenders, insurance firms, and attorneys

• Proficiency in use of computers, Microsoft Office (Excel, Word, Outlook)

• Experience with commercial loan systems

Preferences

• Specialized training in title, real estate, government programs (SBA), and specialized lending programs

• Experience with nCino and/or related Salesforce platforms

• Experience with SBA systems (ETran, SBA One, TSOFT)

• Experience with LaserPro

• Bachelor's degree or certification as a paralegal

Skills and Competencies

• Demonstrated effective verbal and written communication skills for the purpose of explaining the loan closing process, exceptions and associated legal documentation to internal/external clients and appropriate counsel<