NewtekOne (NASDAQ: NEWT) · 15 hours ago

Closing Attorney

United States

Full-time

Remote

Entry, Mid Level

$100K/yr - $150K/yr

2+ years exp

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Financial Services

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Responsibilities

Review the loan approval, underwriter loan write-up, approval letter and SBA Authorization for consistency and compliance with Newtek and SBA policy;

Coordinate with Closer for compliant and expeditious closing;

Review all applicable reports (UCC search, judgment, bankruptcy and lien search, title report, flood search, etc.) and follow up with outside vendors to ensure receipt in a timely manner;

Act as liaison with borrower counsel and title company for loan requirements;

Review documents received from borrower for sufficiency and SBA compliance;

Provide guidance to Loan Closer and paralegal staff;

Provide management with status of loan closing efforts and receipt/non-receipt of pre-closing requirements on an ongoing basis;

Work closely with processing, underwriting, closing and post-closing departments to insure closing in accordance with loan approval and compliance with SBA policy;

Prepare loan documents for legal enforceability in respective jurisdictions and compliant with SBA policy;

Review Closer's funding request for compliance with authorized use of proceeds prior to funding;

Remotely oversee and coordinate loan closing and collection of executed loan documents;

Direct escrow agent's actions, oversee and obtain evidence for disbursement of loan funds in accordance with loan approval and SBA regulations;

Other duties as assigned

Qualification

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Juris doctorateState bar admissionSBA loan closing experienceSBA regulations knowledgeCommercial loan documentationMS Office proficiencyCalendar managementRelationship building

Required

Juris doctorate from a nationally recognized law school

Admission to state bar in good standing

Strong understanding of United States SBA's regulations and Standard Operating Procedures with related experience in all stages of loan making (origination, servicing, liquidation)

Knowledge of commercial loan documentation including purchase agreements, entity documentation, title insurance, franchise documents, the Uniform Commercial code, contracts, mortgages, leases

Proficient with MS Office suite

Good calendar management skills required

Ability to work in a challenging environment to achieve production goals and meet deadlines in a fast-paced environment

Strong organizational, verbal and written communication skills required including contract interpretation and drafting

Ability to establish and maintain effective work relationships both internally and externally