SBA Loan Closer I or II
First Guaranty Bank
- McKinney, TX
- Permanent
- Full-time
- Understand and recognize when exceptions to bank policy and procedures are present.
- Order all OFAC, CAIVRS, etc. as required.
- Review and approve all title commitments, surveys, insurance, fuel supply agreements, UCC searches for lien position, and any other third-party documents as needed.
- Prepare SBA packaging forms.
- Obtain INS verifications if needed.
- Order and review all 4506 transcripts.
- Create loan file which will contain all documentation.
- Interact with customers, attorneys, title companies, lenders and their assistants, etc. to provide exceptional customer service.
- Review and approve all required documentation received, i.e. purchase agreements, corporate documents, lease agreements, landlord subordinations, construction documentation, vehicle titles, etc. as required for the loan.
- Submit loan to SBA/USDA for approval
- Prepare SBA Loan Authorization for any SBA PLP loans.
- Update Etran with any changes to the loan after it is approved by SBA.
- Request for approval of any changes to the credit approval, if needed.
- Engage the attorney and keep them informed of any changes to the credit approval.
- Ensure all loans are closed and funded according to the approved loan request, bank policy, regulatory guidelines and SBA/USDA policies and procedures.
- Coordinate with the SBA loan servicing department for the loan funding and booking.
- Finalize loan file for post close audit.
- Adhere to BSA/AML policy and all other bank policies.
- Other duties and responsibilities as may be assigned by supervisor.
- Minimum 1 year of experience training in banking environment OR banking related industry experience required; experience with Commercial documentation required; SBA experience is preferred.
- Loan quality assurance or loan secretary experience preferred.
- Great customer service and communication skills.
- Must be able to exercise discretion and good judgment.
- Good computer and proof-reading skills required.
- Knowledge of Etran and/or PCFS (loan manager) preferred.
- Must have Word and Excel knowledge.