SBA Closer

JOB SUMMARY:

This position is responsible for preparing SBA loan requests from initial screening, through the application process, submission to underwriting, and closing.  The SBA Closer will be responsible to perform a variety of processing and closing functions, ensuring all due diligence of each loan has been met in accordance with the SBA Terms and Conditions and complies with the intentions of the bank’s internal loan approval.   Consistently gains the confidence and trust of others through honesty, integrity, and authenticity.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Closing

• Performs E-Tran functions.
• Orders, engages, collects, and reviews all pre-closing due diligence documentation prior to closing of SBA (7a and 504) loans (i.e. Corporation/LLC/Partnership documents, flood certification, appraisal, title policy, survey, environmental, insurance coverage, real estate tax status, collateral description, UCC search, invoices, bill of sale, etc.).
• Preparing supplemental documents and research to support SBA Application Packages.
• Prepares and/or reviews all loan closing documents for accuracy, ensuring all loans comply with the SBA Terms and Conditions, bank approval, and loan policy.
• Directly manages the loan closing and the final disbursements in accordance with the SBA Terms and Conditions with the bank’s loan operations department and/or attorneys.
• Reviews and assists with post-closing funding of construction and non-construction loans.
• Manages the clearing of all outstanding loan documents, post-closing and/or loan exceptions items.
• Resolve any problems, issues or questions efficiently and accurately, to ensure customer satisfaction and to maintain productive relationships with other bank staff / departments.
• Adheres to policy & procedure of SBA Department and must comply with BSA/AML/OFAC regulations and guidelines
• Obtain and review information in conjunction with the preparation of loan documents such as ordering title insurance, surveys and flood certifications, UCC’s for the county and state, appraisals, surveys and environmental reports, credit reports, background checks, and reference checks.
• Input loan information into SBA software and prepare package for submission to SBA.
• Prepare and process the recording of Mortgages and Financing Statements, including cutting checks for all services requested such as UCC’s searches and filings (county and state), mortgages, documentation and intangible taxes, appraisals, surveys and environmental).
• Coordinate pre-closing meetings for all new SBA loan requests to review pre-closing requirements with lenders, their team, and/or customer, as existing customer relationship dictates.
• Maintain pipeline report and notify management of status as needed
• Provide a high level of customer service to both internal and external customers
• Assist other closers with compliance, processing and closing questions or problems
• Perform other duties as assigned

Operational Functions

• Adheres to Seacoast Bank’s Code of Conduct.
• Adheres to AML/BSA requirements, audit procedures, security, Business Continuity, and all other regulated banking requirements.

• Innovate and adapt to technological and industry changes to ensure Seacoast Bank stays ahead of the competition.
• Participate in outside classes, seminars, meetings and training to constantly improve development, remain current and aware of new growth opportunities.

Leadership

• Responsible for mentoring and training less experienced Closers.

• Perform as internal liaison for complex SBA packages.

• Develop trusting & cooperative working relationships with customers and associates.
• Proactively seek continuing education opportunities to enhance skills.

EDUCATION and/or EXPERIENCE:

• High School diploma or equivalent required.
• Bachelor’s degree in finance or accounting preferred.
• 5-7 years previous experience in SBA or other government lending programs, underwriting or loan servicing, or related lending fields.
• Must be proficient in bank operations and regulations, have an excellent understanding of SBA related products and services.

• Demonstrates excellent communication and interpersonal skills. 
• PC Proficiency in Desktop and Laptop devices as well as Microsoft Office Suite software.
• SPARK LOS experience is desirable.

The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position.  They are not intended to be an exhaustive list of responsibilities, duties, and skills.  Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry.  It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles.  This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities. 

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