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Columbia Bank · 3 weeks ago

SBA Loan Closing Specialist I

San Diego, CA

Full-time

Onsite

Mid Level

$28/hr - $40/hr

4+ years exp

Columbia Bank is seeking an SBA Loan Closing Specialist I to process and fund government guaranteed loans. The role involves working with borrowers and third parties to ensure accurate loan closings and compliance with bank and SBA requirements.

BankingFinanceFinancial Services

Responsibilities

Process and fund bank approved SBA 7(a), USDA, 504 and other government guaranteed loans as assigned by the SBA Closing Director

Work with borrowers, production staff and third parties to ensure timely and accurate loan closings

Collect and review documentation, perform borrower, entity, and loan related searches, perfect loan collateral, and ensure proper documentation of loans as specified and approved by the Bank and the requirements that fall within the Standard Operating Procedures of the Small Business Administration and other Government Guaranteed Loan Programs

Identify and collect documentation in support of and as specified within the banks' loan approval

Plan tasks and workflows to meet closing deadlines

Order Flood certifications, IRS Verifications, Site Visit reports CAVIRs, OFACS, UCC Searches and other reports as required

Review insurance documents to ensure proper type and coverage for each transaction

Verify and determine the amount and source of borrower injection funds

Review Purchase and Sale Agreements, Real Estate documents, entity documents of potential borrowers and related entities to ensure compliance with bank and SBA requirements

Prepare lenders instructions and coordinate loan closings with escrow and title companies

Perform loan related searches on individuals, entities, and collateral

Responsible for accurate ordering and generation of Laser Pro and SBA documents

Coordinate closings between borrowers, Bank Associates, Certified Development Companies, and escrow/title companies as necessary

Facilitate loan funding and the subsequent follow up for all post-closing documentation items

Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training

Keeps up to date on regulation changes

Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training

Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description

May be asked to coach, mentor, or train others within the team

Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words

Takes personal initiative and is a positive example for others to emulate

Embraces our vision to become “Business Bank of Choice”

May perform other duties as assigned

Qualification

SBA loan closing experienceSBA requirementsLoan documentation reviewMS Office proficiencyAttention to detailMulti-taskOrganizational skillsWork under pressure

Required

H.S. Diploma/GED

4-7 years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience, required

Basic knowledge of SBA, Standard Operating Procedures, and USDA requirements

Ability to comply with bank policy and procedures

Experience working with SBA production staff and underwriters

Ability to actively manage 3-5 loan files on an on-going basis, with adherence to bank established Closing Service Level Agreements

Demonstrate a high level of organization, attention to detail, accuracy, and thoroughness, with the ability to multi-task

Knowledge of personal computer and related software packages, including but not limited to, MS Office Word, Excel, and Outlook, and other business machines standard in the industry

Ability to work under pressure and organize own work with guidance from Supervisor