A Loan Documentation Specialist reviews applications for loans and assists with the process of evaluating loans. Prepares, organizes and verifies the documents and reports required for a loan application. Monitors the loan application and approval process and may assist customers with loan payments. May specialize in mortgage, business or other types of loans.
Bancshares HQ Job Description The Sr. SBA Loan Closing Specialist is 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. This individual will work closely with SBA Sales and SBA credit to ensure all required due diligence and SBA guidelines are achieved. Additionally, the Sr. SBA Closing Specialist will report on progress of loan closings to leadership at regular intervals, will be expected to remain knowledgeable of SBA changes and processes and will work to develop, with leadership, SBA process and procedure materials and provide education to field as requested.
Essential Functions:
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 Order and review CAIVRS and IRS Tax Transcript verifications Coordinate and execute Letter of Credit documentation for Small Business portfolios Support all SBA closings, regardless of LOB in which they are originated May mentor more junior team members 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 other duties and special projects as requested by management Discourage any unsafe work habits by setting a good example for employees by following the required safe work practices as indicated by the safety and loss prevention program Consistently and fairly enforce safe work practices Ensure that each employee knows what to do in the event of an emergency
Education:
Bachelor's degree in a related field preferred
Work History:
5•6 years previous SBA experience preferred 5•6 years previous loan closing / loan operations experience required
Location:
This position can be performed remotely, unless you live within 40 miles of one of our Hub locations which are listed below. If you live within 40 miles of one of the locations listed below, you must be onsite Monday•Thursday with Friday as an optional work from home day.
INDEPENDENCE, OH 6480
Rockside Woods Blvd S Suite 345 Independence, OH 44131 COLUMBUS, OH HQ 3 Easton Oval Columbus, OH 43219 BUFFALO, NY 375 Essjay Road Suite 100 Buffalo, NY 14221 MOUNT
JOY, PA 101
East Main Street Mount Joy, PA 17552 WARREN, PA 100 Liberty Street Warren, PA 16365 ERIE, PA 800 State Street Erie, PA 16501 PITTSBURGH, PA Bellevue 532 Lincoln Avenue Bellevue, PA 15202 Pittsburgh Business Office 525 William Penn Place Suite 3550 Pittsburgh, PA 15222 FISHERS, IN 11 Municipal Drive Suite 150 Fishers, IN 46037 #LI-EK1 Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
