Regions Bank · 1 month ago
SBA Closing Specialist- CBG Operations
Birmingham, AL
Full-time
Onsite
Entry, Mid Level
$50K/yr - $64K/yr
2+ years expRegions Bank is dedicated to providing a career-oriented environment for its associates. The SBA Closing Specialist is responsible for managing the loan processing and closing process for SBA government guaranteed loans, coordinating with various stakeholders, and ensuring compliance with loan approval terms.
BankingInsurance
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
Qualification
Required
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
Preferred
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
Benefits
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Company
Regions Bank
Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.
10001+ employees
H1B Sponsorship
Regions Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (37)
2024 (40)
2023 (41)
2022 (42)
2021 (32)
2020 (30)
Funding
Current Stage
Late StageTotal Funding
unknown2018-04-06Acquired
Leadership Team
Brian Happel
Executive Vice President and Fort Worth Market CEO
Daniel Hobbs
Executive Vice President, Head of Corporate Finance and Business Lines CFO
Recent News
2024-04-30
Business Journals
2024-04-28
Company data provided by crunchbase