Job Description
- Work closely with internal staff including but not limited to underwriters, business development officers, and management.
- Review the loan file and prepare a list of items required to close and fund the loan; communicate requirements and loan status clearly, concisely and logically.
- Prepare loan for submission to the SBA for the issuance of an SBA loan number.
- Prepare SBA Authorizations.
- Working closely with SBFC Partners for State Guaranteed Loan Requests.
- Open title and order preliminary title report as appropriate; review and make changes as necessary.
- Review and accept entity documentation such as articles, by-laws as well as partnership and LLC documents.
- Review initial and final recorded UCC searches.
- Ensure compliance and adherence to SBA SOP and BCCB credit policies.
- Verify cash injection in accordance with bank and SBA requirements.
- Ascertain insurance requirements and obtain hazard/flood insurance as required.
- Obtain and review escrow instructions.
- Obtain, review and accept estimated closing statements.
- Prepare and complete loan document requests; ensure that loans are documented correctly to ensure conformance with BCCB and STATE/SBA approval and conditions.
- Coordinate closing with borrower, title/escrow and/or business development officer.
- Review executed closing documents to ensure all required signatures, notaries, and/or witness signatures are properly completed.
- Prepare loan file for pre-funding review.
- Prepare accurate and complete boarding packages.
- Ensures proper loan and collateral documentation by staying abreast of and interpreting various laws, regulations, policies and procedures of loan documentation.
- Monitors and sometimes directs monetary disbursements as well as involvement in post-closing quality control.
- Recognize and proactively resolve potential problems in the loan closing process.
- Maintain accurate pipeline reports; meet monthly loan closing and loans in pipeline goals.
- Demonstrate a satisfactory understanding of and adherence to Bank operational policies and applicable compliance regulations as they relate to the specific job duties assigned.
- Demonstrate a satisfactory understanding of your duties and responsibilities as it relates to the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), Patriot Act, and Office of Foreign Assets Control Regulations (OFAC). This includes participating in any required training and promptly complying with all reporting requirements.
- Demonstrate a satisfactory understanding of and adherence to EEO/AA policy; promote a working environment free of harassment of any type.
- Perform the job safely and report potentially unsafe conditions.
- Make a personal contribution to the Bank's Cyber Security efforts through your own observation, suspicion and vigilance. Technology and management controls have a significant impact, but spotting a potential threat is the final line of defense against threats that make it through those other controls.
- Performs other duties as assigned.
- Detailed knowledge of loan closing documentation and requirements.
- Strong customer service skills with ability to communicate effectively with customers via phone and email
- Excellent written and verbal communication skills.
- Excellent organizational skills.
- Ability to perform detail oriented work with a high degree of accuracy.
- Ability to handle multiple priorities and tasks while working in a fast paced department.
- Proficiency with personal computers and related software
- Experience with the SBA program or other government guaranteed loan programs
- Proficiency in Laser Pro or other software systems that generate commercial loan documentation
- Experience with SBA and/or USDA documentation
- Strong written and verbal communication skills as well as organizational skills
- Must have excellent PC skills to include Microsoft Office software
- Ability to interact with internal customers to achieve positive results and work in a fast-paced, production environment.
- Strong written and verbal communication skills as well as organizational skills are required.
Specializing in professional and technical recruiting, KORE1 is committed to supporting top IT, Engineering, Creative, Scientific, Accounting and Finance professionals in their career paths. We build deep relationships with leading companies, connecting them to exceptional talent every day. With extensive industry expertise and unmatched opportunities, our goal is to provide a unique experience for our contractors and consultants as they prepare for their next role. We are passionate about matching the right people with the right companies.