Job details

SBA 7a Closing Specialist (Remote)

Overview

This remote position is responsible for closing of all Small Business Administration (SBA) 7(a) loans in compliance with company and SBA policy. Reviews loan documentation to identify and resolve potential problems in the closing process, ensuring that all pre-closing requirements are satisfied. Coordinates internal loan team and necessary external professionals, and communicates directly with client and Bank closing counsel to resolve open closing conditions. Supports accurate, efficient loan closing to achieve department goals and profitability objectives.

Responsibilities

Loan Closing - Coordinates all aspects of the loan closing process while ensuring compliance with SBA policies and procedures. Coordinates necessary parties in order to accurately and successfully complete the process.
Loan Support - Resolves any pending closing conditions by engaging with Bank closing counsel. Ensures that pre-closing requirements are satisfied in accordance with appropriate standards. Assembles and reviews due diligence, and ensures that included documentation is satisfactory to the Bank.
Auditing - Performs pre-closing audits of all submitted documents and conditions to ensure SBA eligibility.
Quality Control - Completes quality checks of loan packages, document deficiencies, and resolves exceptions with customers and bankers.

Qualifications

Bachelor's Degree and 4 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting OR High School Diploma or GED and 8 years of experience in Credit Administration with Small Business Administration servicing, closing, or underwriting

Skill(s): Detailed knowledge of loan closing documentation and requirements, Proficient with computers, software, applications, and applicable mainframe systems

Preferred Qualifications: Experience closing SBA 7a loans

By First Citizens Bank

Better banking that helps people live better lives. The Way We Work Working Harder And Smarter: We work together, we dig deeper, ask better questions and learn more. Everything we do is about helping customers succeed. Life-Long Relationships: ...

FUNDING

INDUSTRY

TEAM SIZE

LOCATION

Hybrid, based in Raleigh, NC

DATE POSTED

July 21, 2023