Job Details

Sba Loan Closing Manager

Company name

Knight Capital Funding

Organization Type


Job Type

Legal Staff

Valid Through

Mar 07, 2021

Posted on

Nov 22, 2020

Years of Experience

3-5 yrs required


Fort Lauderdale, FL, United States

Employment Type



Practice Area
Finance >> Finance - Banking
Apply for this job
Your Email:
Upload Resume:
Apply Later


SBA Loan Closing Manager
Duties: Process approved loan applications in accordance with applicable policies, SBA SOPs, state and local lending laws. Perform due diligence on loan file and documentation received. Review and analyze items received to ensure file is accurately documented to perfect liens security interest. Ability to prepare, review and make determinations on acceptability of loan closing documents. Interact with closing counsel and deal team to obtain necessary documentation required for loan file and to accomplish accurate and timely closing/funding of loan transactions in accordance with credit approval memorandums. Communicate and interact regularly with federal and state regulators and agencies. Exhibit expertise on the content of standard loan closing documents and answer customer generated questions. Review Request for Credit Approval, Write-up Commitment Letter within 24 hours of receipt of legal file, conduct introductory call to borrower and prepare/send Closing Checklist detailing documentation required for loan closings. Upon receipt of a loan package, exercise discretion in reviewing, analyzing and determining closing requirements. Follow up, review and approve all Closing checklist/borrower due diligence items required for loan closing. Regularly liaise with federal and state regulators. Determine what is required to perfect security interest in collateral and decide when loan file is ready to close. Analyze supporting documents provided by borrowers and third parties to determine if they meet Company approvals/standards and make decision that loan is thoroughly documented in accordance with Company and SBA policies and credit approval memorandums. Ensure all required hazard, contents, liability and/or flood insurance coverage has been obtained on industry required forms naming Company as mortgagee and/or loss payee. Maintain excellent level of customer service by being responsive to calls and emails from borrower and inside staff regarding loans in process within 24 hours of receipt. Order appropriate third-party searches (flood, good standing certificates, UCC, title, judgment and bankruptcy) for all borrowers/guarantors. Compliant with Company policies/procedures and have knowledge of SBA SOPs and regulations. Prepare and review all required SBA, legal and state specific documents required for loan closing. Become an integral part of the SBA Closing Team. Responsible for following updated SBA policy notifications when issued. Master Company’s construction policy, follow guidelines in notifying SBA of any modifications to the construction project such as but not limited to extension of maturity date, increase or decrease to the loan amount. Responsible for reviewing site inspection reports for accuracy and process of the project as well as relaying any unforeseen issues to credit and management. Manage productivity by ensuring proper communication with borrower, general contractor and vendors to limit 1 to 2 disbursements per month. Act as liaison between Legal Counsel, Escrow, Title, deal team and all interested parties to coordinate document preparation, loan signing, funding, and closing. Review and approve closing settlement statements, escrow documentation, insurance, and outstanding loan conditions. Prepare funding information sheets detailing wiring information and use of loan proceeds. Coordinate with accounting to assure timely release of wires for loan funding. Prepare closing packages of documents and ensure legal file is in compliance with Company policies before transferring for Compliance Review. Provide assistance with portfolio acquisition due diligence. Adhere to turn time requirements.

Qualification and Experience

Qualifications: Bachelor’s degree preferred. Paralegal Certificate preferred. 3-5 years of commercial mortgage lending experience and/or relevant work experience in a functional role required or equivalent combination of education and experience. 3-5 years of experience as an SBA loan closer. Knowledge of the SBA SOP. Basic credit skills required. Ability to prioritize and operate with a sense of urgency. Strong verbal and written communication skills. Organized, detail-oriented, and able to multi-task. Ability to work collaboratively with multiple stakeholders. Ability to answer loan document related questions from borrowers and referral sources.

Company info

Hiring Coordinator
Knight Capital Funding
110 SE 10th St
Fort Lauderdale, FL 33316

Similar Jobs:

Fort Lauderdale, FL
Paralegal The candidate provides paralegal support for Litigation Services attorneys. Prepares plea...
Asset Management Administrator
Fort Lauderdale, FL
Asset Management Administrator The candidate will review, understand and track GAT and counter part...
Litigation Support Specialist
Fort Lauderdale, FL
Litigation Support Specialist The candidate will become a subject matter leader in: Analysis of use...
Similar Jobs
102, Allstate Insurance Company,
Fort Lauderdale, FL
Apply Now >