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Years of Experience
Date Last Verified
SBA Closing Associate The candidate will be responsible for serving as the internal and external liaison between Small Business Administration (SBA), the Bank, third party vendors, attorneys and customers related to all loan closing issues. Serves as the checks and balances of the closing function for the SBA Lending group. Prepares and monitors a loan exception report in addition to other operational duties of the SBA Lending group. Prepares legal and credit files and assists the SBA Closer 1 and SBA Closer 2 positions with administrative functions. Inputs all SBA and USDA Loans into various systems utilized by the SBA Lending group. Confirms all SBA loans have been boarded and booked correctly. Handles Third Party Fee Tracking and Third Party Fee GL reconciliations. Maintains tickler system for Deeds, Titles, Uniform Commercial Code (UCC), Insurances, Financial Statements, etc. to support Portfolio Manager functions. Identifies and tracks documentation exceptions for the initial 90 days of each loan. Conducts post closing lien searches either coordinating with the closing attorney or performing the searches in-house. Conducts post closing audits on all new loans to insure accuracy of loan documentation, lien positions, etc. Insures payment of SBA Guaranty Fee in the SBA required time frame. Evaluates third party vendor documentation such as UCC and lien searches and flood searches. Performs other related duties and projects as assigned. High School or GED is essential. Should have 1+ year of experience. 2+ years of prior experience in a related field. Paralegal training and/or experience a plus.
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