AVP, Loan Closer

Banc of California, Inc.; Denver (CO); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

401k with employer match

Medical, dental, vision

Adoption & fertility assistance

Paid vacation & holidays

Tuition reimbursement & mentoring

Job summary

Banc of California, Inc. in Denver seeks an AVP Loan Closer to work directly with lending officers, credit underwriting, attorneys and clients from approval through closing, ensuring conformance to policy and SBA 7(a) requirements.

You will review title work, searches, contracts, corporate documents, and SBA 7(a) documentation; ensure loan setup in the servicing system and assist post-closing items. We support your growth with a strong benefits package, 401(k) with match, comprehensive coverage,

Qualifications

• 5+ years SBA 7(a) Commercial Loan Closing experience.
• College degree preferred or equivalent experience.
• Advanced construction lending knowledge.
• Advanced knowledge of escrow, title, UCC, and lender due-diligence/verification processes.
• Advanced knowledge of commercial loan processing, documentation, closing procedures, underwriting requirements, and terminology.
• Strong knowledge of SBA SOPs and requirements.

Responsibilities

• Order and review title work, searches, flood searches, insurances, IRS transcripts for loan processing.
• Review legal documentation for new SBA loans (contracts, leases, corporate documents).
• Apply SBA SOPs to proper documentation.
• Ensure loan is set up correctly on the commercial loan system for servicing and post-closing items.
• Assist with training and mentoring of new hires in the Closing Department.

Skills

SBA 7(a) Closing

Construction Lending

Escrow & Title Knowledge

Loan Processing & Closing

SBA SOPs

Analytical Skills

Time Management

Education

College Degree Preferred

High School Diploma or Equivalent

Job description

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle market, and venture backed businesses. As the largest independent bank headquartered in California, the bank offers a broad range of loan and deposit products and services through a network of full-service branches and regional offices, as well as through digital and nationwide capabilities. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide through its technology forward platform, SmartStreet. Banc of California is committed to supporting its local communities through the Banc of California Charitable Foundation and by partnering with organizations that promote financial literacy, job training, small business support, affordable housing, and more.

At Banc of California, our success is powered by our people and a shared commitment to delivering meaningful results. We foster an environment where entrepreneurial thinking is encouraged, and accountability and operational excellence are expected. Our team members are empowered to take ownership, make informed decisions, and make a meaningful impact as the bank continues to grow and evolve. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best. Together we win!

THE OPPORTUNITY

The position will work directly with lending officers, credit underwriting, attorneys and clients from time of approval through closing to ensure conformance to credit policy and regulatory requirements. In addition this position will assist the Closing Department Manager with various duties as outlined below. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.

HOW YOU’LL MAKE A DIFFERENCE

• Individual is responsible for ordering and review of title work, searches, flood searches, insurances, IRS transcripts and other items as needed for the processing of the loan.
• Individual is responsible for the review of legal documentation (contracts, leases, corporate documents) for new SBA commercial loans.
• Apply the SBA Standard Operating Procedures as it relates to proper SBA 7(a) documentation.
• The individual will be responsible for ensuring that the loan is set up correctly on the commercial loan system for servicing and for following up on any post -closing documentation items.
• Duties include ensuring Credit is adhered to on all Closed Loans.
  • Assist with various Loan Ops projects as needed.
  • AVP, Loan Closer with updating and review of the Closing Guide.
  • AVP, Loan Closer with backing up the construction project manager as needed.
  • Assist with training and mentoring of new hires in the Closing Department.
  • Backup the SBL Loan Closing Department Manager in other areas as needed.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

WHAT YOU’LL BRING

• Minimum 5+ years SBA 7(a) Commercial Loan Closing Experience
• College degree is preferred or equivalent experience
• Advanced Construction Lending knowledge
• Advanced knowledge of escrow, title, UCC, and lender due- diligence/verification processes
• Advanced knowledge of commercial loan processing, documentation, closing procedures, underwriting requirements, and terminology
• Strong knowledge of the SBA SOP’s and requirements.
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Possess strong analytical skills
• High School diploma or equivalent required

HOW WE’LL SUPPORT YOU

• Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long- term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
• Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
• Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

SALARY RANGE

The base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.

Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to t heir actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.

Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.