Loan Closer

• Support the Bank’s SBA program by closing and booking approved SBA loans according to bank policies, SBA SOP and SBA Loan Authorization
• Administer loans from origination through settlement and full funding
• Analyze internal loan approvals to determine required due diligence and documentation
• Collect, audit and examine loan-closing documents and third-party reports
• Order and review collateral evaluations and resolve issues
• Review insurance, including flood insurance, for regulatory compliance
• Prepare pre-closing and post-closing checklists
• Package application information for SBA Loan Submission and obtain SBA loan approval
• Track and fund the SBA Guarantee Fee
• Liaise with lenders, bank counsel and title companies
• Review loan documentation for compliance with approvals and policies
• Coordinate closing requirements with internal departments, lenders, counsel and borrowers
• Confirm approval conditions are met and schedule closings
• Account for fees and charges and prepare booking sheets
• Review loans after booking in the system of record
• Resolve loan documentation exceptions and recorded-document requirements
• Maintain the loan pipeline and process approved loans promptly
• Communicate positively with clients, escalate issues and follow through to resolution
• Process administrative actions for existing loans, including modifications, collateral changes and E-Tran updates
• Assist with multi-disbursement loan advances and process loan-proceeds disbursements

SBA Loan Closer

• Review approved Credit Memoranda and identify documentation required for loan closing
• Collect and review documentation for accuracy and compliance with closing and funding conditions
• Order appraisals, environmental reports, and credit reports
• Build complete credit and closing files with Credit Associates, Relationship Managers, and third parties
• Manage pre-closing due diligence, including appraisals/vessel surveys, property surveys, environmental reports, title searches, insurance coverage, UCC searches, invoice accuracy, bills of sale, equity injection verification, and liquidity verification
• Prepare and/or review loan closing documents for accuracy and policy compliance
• Coordinate with closing attorneys, referring brokers, and Loan Operations to facilitate closing and disbursement of loan proceeds
• Assist credit and compliance departments with loan portfolio servicing and maintenance of lending files
• Clear loan exceptions, deficiencies, and loan review findings
• Monitor insurance policies, financial reports, and other required reporting documents
• Comply with bank policies, procedures, and BSA/AML/OFAC regulations and guidelines
• Assist with clearing outstanding loan documents, post-closing items, and loan exceptions
• Coordinate subsequent loan advances according to loan documentation and approvals

Loan Closer jobs in New York

SBA Loan Closer

Senior Commercial Loan Closer