RiverBank · 9 hours ago
SBA Closing and Documentation Coordinator
Spokane, Washington, United States
Full-time
Onsite
Mid Level
$54K/yr - $68K/yr
3+ years expRiverBank is a community bank focused on solving real business problems with a personal touch. The SBA Closing and Documentation Coordinator is responsible for coordinating loan processes, preparing documentation, maintaining customer communication, and ensuring compliance with SBA requirements.
BankingFinanceFinancial Services
Responsibilities
Knowledge of Small Business Administration (SBA) Standard Operating Procedures
Reviews loan requests to ensure accurate documentation/information is being obtained in order to proceed with requests and requests additional info from borrower as needed
Understands and recognizes when exceptions to bank policy and procedures are present
Engages and/or reviews any 3rd party vendors and orders all UCC searches, flood determinations, title commitments, OFAC, etc., as required
Reviews and approves all title commitments, surveys, insurance, fuel supply agreements, UCC search for lien position and any other third-party documents as needed
Prepares SBA packaging forms
Orders and reviews all 4506 transcripts
Creates loan file which will contain all documentation and create ticket that initiates underwriting process
Reviews and approves all required documentation received, i.e. purchase agreements, corporate documents, lease agreements, landlord subordinations, construction documentation, vehicle titles, etc. as required for the loan
Completes CIP information for all borrowers, guarantors and grantors
Obtains appropriate insurance as needed
Reviews closing documents, ensures accuracy prior to signing and in compliance with regulatory requirements
Schedules and coordinates loan closings with borrower, seller, closing attorney, business broker, real estate broker, title, landlord, etc. depending on deal structure
Ensures all loans are closed and funded according to the approved loan request, bank policy, regulatory guidelines and SBA policy and procedures
Act as a subject matter expert on SBA loan documentation (Laser Pro, SBA forms, verifications)
Conduct pre-application credit risk assessments, providing recommendations to address potential structural or analytical issues
Support loan closing processes with knowledge of SBA documentation and procedures
Stay updated on SBA regulatory changes, compliance requirements, and best practices to maintain a high standard of SBA compliance
Provide mentorship and guidance to junior staff and build expertise in SBA processes
Support CCO in SBA audits and exams when applicable
Respond to internal and external customer questions
Supports Loan Admin Manager in paying the guarantee fees
Supports Loan Admin Manager in preparing and submitting 1502 report monthly
Other duties as assigned
Qualification
Required
At least 3-5 years' experience in SBA loan processing and closing functions
Advanced knowledge of SBA SOP lending programs, policies, as well as general documentation requirements for SBA loans
Experience with Laser Pro for doc prep as well as forms needed based on SBA loan transaction
Knowledge of SBA systems (CAFS, E Tran, NAGGL, etc.)
Strong organizational skills and demonstrated analytical/problem solving ability
Able to manage multiple priorities effectively in a fast-paced environment
Ability to read and comprehend instruction, directives, and multiple forms of business communications
Ability to write clear, concise and professional correspondence
Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization
Ability to apply common sense understanding to carry out detailed but uninvolved written or verbal instructions
Benefits
This position is eligible for annual bonus with the first year being pro-rated based on time in position.
Vacation (3 Weeks), Sick Leave (12 days a year), Volunteer Time off (24 hours) & All Bank Holidays (at least 40+ paid days off a year total that increase with tenure)
90% Employer Paid Medical & 100% Employer Paid Vision, Dental, & Long-Term Disability Insurance for every Team Member
An HRA where an employee only pays $600 towards their medical deductible and the company reimburses any other deductible costs ($4,900+ value)
Employer-paid Life Insurance (two times your annual earnings)
Employer Paid Employee Assistance Program
4% company 401k match on contributions after 3 months
Paid Parental Leave
Discounted Rates on Pet, Home, & Auto Insurance
Company
RiverBank
RiverBank focuses on long-term relationships and provides mobile branches as a unique alternative to traditional banking.
11-50 employees
Funding
Current Stage
Early StageTotal Funding
$3M2014-06-30Series Unknown· $3M
Leadership Team
Norman Judd
EVP / CFO
Chris Davis
SVP, COO
Recent News
FF News | Fintech Finance
2025-07-31
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