Job Title:
Senior Associate, SBA Loan Documentation & Closing Specialist
Job Responsibilities:
- Coordinate loan closings and prepare and review loan documents.
- Ensure all loan documents are accurately prepared in accordance with Bank policy and regulatory requirements.
- Apply job knowledge and documentation expertise to a diverse array of complex lending products.
- Prepare complex commercial loan documents using in-house and third-party documentation software platforms (LaserPro, Etran, Word templates) for SBA Express, 7A, and 504 new loans, renewals, extensions, and modifications.
- Conduct lien searches and related due diligence tasks to resolve outstanding lien issues and deliver lien documents to designated vendors.
- Review loan documents prepared by other associates or outside counsel to ensure compliance with the Bank's loan policy, applicable banking regulations, applicable government-related Standard Operating Procedures (“SOP”), and other requirements designated by the credit approval authority.
- Review organizational documents, appraisals, surveys, flood determinations & flood policies, and other third-party documents to ensure conformity with bank and/or SBA SOP standards.
- Analyze due diligence documentation and prepare necessary lien perfection documents to protect the bank's security interest in pledged collateral.
- Assist in identifying and clearing any exceptions within the appropriate time periods.
- Coordinate the issuance of letters of credit, including renewals and amendments.
- Interact with underwriters, relationship managers, customers, agent banks, attorneys, title companies, and insurance agents to ensure all conditions are met for closing.
- Instruct new associates and serve as a training resource for less experienced associates in the department.
- Manage a complex workload that includes multiple tasks and conflicting priorities.
- Remain current on all pending and proposed regulatory changes affecting compliance and attend seminars and workshops covering regulatory and compliance issues.
- Maintain expert knowledge of lending processes, loan principles, and terminology related to banking laws and regulations, as they pertain to loan disclosures and requirements.
- Maintain expert knowledge of commercial Real Estate loan documentation, collateral perfection, title insurance, UCC due diligence, compliance requirements, lending policies and procedures, and loan/funding terminology.
Education and Experience Information:
Basic Qualifications:
- At least 5 years of experience in Banking or Financial Services.
- At least 2 years of experience in SBA Loan Closing experience (Express, 7a, and 504).
- At least 2 years of customer service experience in a consumer, mortgage, or commercial lending support role.
Preferred Qualifications:
- Associates Degree or higher in Accounting or Finance.
- Business Management courses or paralegal certification.
- At least 5 years of experience in loan administration and documentation.
- At least 5 years of experience in SBA Loan Closing experience (Express, 7a, and 504).
- At least 5 years of customer service experience in a consumer, mortgage, or commercial lending support role.
Salary Information:
- Plano, TX: $78,400 - $89,500 for Sr. Process Manager.
- Richmond, VA: $78,400 - $89,500 for Sr. Process Manager.
Additional Information:
- This role is hybrid, meaning associates spend 3 days per week in-person at one of our offices listed on this job posting. Fridays are enterprise-wide virtual workdays. Monday, Tuesday, Wednesday, and Thursday are in-person days for associates to spend time together working in our beautifully-designed team areas.
- This role is also eligible to earn performance-based incentive compensation, which may include cash bonus(es) and/or long-term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.
- **Members Only** offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
- No agencies, please. **Members Only** is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth, or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state, or local law.
- **Members Only** promotes a drug-free workplace.
- **Members Only** will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries.
- The role is expected to accept applications for a minimum of 5 business days.
