Northwest Bank · 23 hours ago
SBA Loan Closing Specialist
Texas, United States
Full-time
Remote
Entry, Mid Level
2+ years exp
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Responsibilities
Identify business entity types and collect the corresponding legal documentation that they are required to file with the state or county
Utilize the loan workflow and specific tasks within the Loan Origination System, help to identify best practices
Order, review and analyze all required third-party vendor documents in relation to the collateral to be held on the loan
Complete all due diligence associated with the satisfaction of loan approval conditions as well as customer identification requirements in a timely manner
Verify the loans have been approved by the appropriate level of authority
Be the point of contact between the lender, underwriter, customer, attorney and/or title company, and SBA as needed
Ensure all required due diligence and approval documentation has been indexed accurately into our system of record
Use the loan documentation software to accurately create legal agreements/contracts
Execute a post-closing examination of loan documents for accuracy and completeness and perform upload of documents to the system of record
Verify all applicable fees have been collected from the borrower and loan proceeds disbursed according to schedule
Send loan specific information to Loan Servicing for core system input and maintenance
Verify proper approval has been obtained, including approval from SBA, FSA, etc. as appropriate
Ensure proper loan entry/buildout into Loan Origination System (LOS) SBA Module
Ensure proper SBA Forms and Disclosures are completed and properly executed at time of application and closing
Submit and obtain SBA Loan approval through E-Tran or SBA One for newly originated SBA loans and SBA modifications as required by the Servicing and Liquidation Actions Matrix as needed
Support all SBA closings, regardless of LOB in which they are originated
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Complete special projects upon request
Abide by the rules of the safety and loss prevention program
Perform work tasks in a safe manner
Report any and all injuries to supervisor
Know what to do in case of an emergency
Qualification
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Required
Responsible for all due diligence in relation to the accuracy and completeness of a new SBA loan, or a modification to an existing SBA loan, from post customer acceptance to booking/funding.
Work closely with SBA Sales and SBA credit to ensure all required due diligence and SBA guidelines are achieved.
Report on progress of loan closings to leadership at regular intervals.
Remain knowledgeable of SBA changes and processes.
Develop, with leadership, SBA process and procedure materials and provide education to field as requested.
Identify business entity types and collect the corresponding legal documentation that they are required to file with the state or county.
Utilize the loan workflow and specific tasks within the Loan Origination System, help to identify best practices.
Order, review and analyze all required third-party vendor documents in relation to the collateral to be held on the loan.
Complete all due diligence associated with the satisfaction of loan approval conditions as well as customer identification requirements in a timely manner.
Verify the loans have been approved by the appropriate level of authority.
Be the point of contact between the lender, underwriter, customer, attorney and/or title company, and SBA as needed.
Ensure all required due diligence and approval documentation has been indexed accurately into our system of record.
Use the loan documentation software to accurately create legal agreements/contracts.
Execute a post-closing examination of loan documents for accuracy and completeness and perform upload of documents to the system of record.
Verify all applicable fees have been collected from the borrower and loan proceeds disbursed according to schedule.
Send loan specific information to Loan Servicing for core system input and maintenance.
Verify proper approval has been obtained, including approval from SBA, FSA, etc. as appropriate.
Ensure proper loan entry/buildout into Loan Origination System (LOS) SBA Module.
Ensure proper SBA Forms and Disclosures are completed and properly executed at time of application and closing.
Submit and obtain SBA Loan approval through E-Tran or SBA One for newly originated SBA loans and SBA modifications as required by the Servicing and Liquidation Actions Matrix as needed.
Support all SBA closings, regardless of LOB in which they are originated.
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations.
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency.
Work as part of a team.
Work with on-site equipment.
Complete special projects upon request.
Abide by the rules of the safety and loss prevention program.
Perform work tasks in a safe manner.
Report any and all injuries to supervisor.
Know what to do in case of an emergency.
Preferred
Bachelor's degree in related field preferred.
Less than 2 years previous SBA experience preferred.
2 - 3 years previous loan closing / loan operations experience preferred.
Company
Northwest Bank
Northwest Bank is a financial firm that offers banking, lending, payments, and wealth management solutions.
1001-5000 employees
H1B Sponsorship
Northwest 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
2023 (1)
2022 (2)
2021 (5)
2020 (2)
Funding
Current Stage
Late StageLeadership Team
Louis Torchio
President & Chief Executive Officer
Ronald J. Seiffert
President & CEO
Recent News
2024-12-19
2024-12-03
2024-11-08
Company data provided by crunchbase
