SBA Loan Closer

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

SUMMARY:

The SBA Loan Closer is responsible for managing the closing process on SBA 7(a) loan transactions, coordinating with borrowers, SBA Relationship Managers, attorneys, title companies, and the SBA Closing Manager to ensure every loan closes accurately and on schedule.

ESSENTIAL JOB FUNCTIONS:

• Manage SBA 7(a) loan closings from conditional approval through funding, including ordering title, coordinating appraisals, and preparing closing checklists
• Review SBA authorization documents and ensure all conditions are satisfied prior to closing
• Prepare and review closing packages in compliance with SBA SOP requirements and internal closing policy
• Coordinate directly with borrowers, attorneys, title companies, and RMs to resolve open items and schedule closings
• Ensure timely funding and accurate disbursement of loan proceeds
• Verify that all closing documentation meets SBA and lender requirements before funding
• Maintain complete and organized closing files throughout the transaction lifecycle
• Support post-closing processes including SBA note registration, file delivery to servicing, and guarantee purchase documentation
• Stay current on SBA SOP closing requirements and internal policy updates

JOB REQUIREMENTS:

• High school diploma or equivalent required
• Prior SBA 7(a) loan closing experience

KNOWLEDGE/SKILLS REQUIRED:

• Intermediate knowledge of SBA SOP closing requirements, authorization conditions, and funding procedures
• Intermediate collaboration skills
• Intermediate verbal and written communication skills
• Intermediate organizational skills
• Intermediate customer service skills
• Intermediate proficiency with loan origination systems
• Intermediate proficiency with Microsoft Office

PHYSICAL AND MENTAL QUALIFICATIONS:

• Standing, walking, bending and stooping required
• Must be able to sit at a desk for long periods of time and use a computer
• Must be able to occasionally move or lift up to 10 pounds
• May be asked to work supplemental hours periodically
• Limited travel required occasionally during and after business hours

Hourly Pay Range: $20.50 - $35.67 per hour

Benefits:

• Benefits: Eligible associates may participate in Carter Bank's benefits package, including medical, dental, vision, life insurance, disability coverage, other voluntary benefits, 401(k), paid time off, and paid holidays.