SBA 7(a) Loan Closings Specialist

Carter Bank; Tuscaloosa (AL); On-site; USD 28,000 - 49,000; Full time

Benefits offered by this job

Medical benefits

401(k)

Paid time off

Paid holidays

Job summary

Carter Bank is seeking an SBA Loan Closer to manage the closing process for SBA 7(a) loans. You will coordinate with borrowers, attorneys, title companies, and relationship managers to ensure closings occur accurately and on schedule.

Responsibilities include reviewing SBA documents, preparing closing packages, and ensuring proper funding and disbursement. The role requires solid SBA closing experience and strong organizational skills.

Qualifications

• High school diploma or equivalent required.
• Prior SBA 7(a) loan closing experience required.
• Ability to manage closing from conditional approval through funding.
• Strong knowledge of SBA SOP closing requirements.
• Ability to coordinate with borrowers, attorneys, title companies, and RMs.
• Proficiency with loan origination systems and MS Office.

Responsibilities

• Manage SBA 7(a) loan closings from conditional approval to funding.
• Order title, coordinate appraisals, and prepare closing checklists.
• Review SBA authorization documents and conditions.
• Prepare closing packages per SBA SOP and internal policy.
• Coordinate with borrowers, attorneys, title companies, and RMs to resolve items.
• Ensure timely funding and accurate disbursement of loan proceeds.
• Verify closing documents meet SBA and lender requirements.
• Maintain organized closing files throughout the transaction lifecycle.
• Support post-closing processes including SBA note registration and guarantee purchase documentation.
• Stay updated on SBA SOP closing requirements and internal policy updates.

Skills

SBA SOP

Collaboration

Verbal communication

Written communication

Organizational skills

Customer service

Loan origination systems

Microsoft Office

Education

High School Diploma

SBA 7(a) closing experience

Tools

Microsoft Office

Loan origination systems

Job description

Carter Bank is seeking an SBA Loan Closer to manage the closing process for SBA 7(a) loans. You will coordinate with borrowers, attorneys, title companies, and relationship managers to ensure closings occur accurately and on schedule.

Responsibilities include reviewing SBA documents, preparing closing packages, and ensuring proper funding and disbursement. The role requires solid SBA closing experience and strong organizational skills.