SBA Loan Closer I

First Internet Bank; Fishers (IN); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical, Dental, Vision Insurance

401(k) with match

Professional Development Reimbursement

Paid Vacation and Holidays

Paid Volunteer Time

Merchandise allowance

Job summary

First Internet Bank is seeking an SBA Loan Closer I to ensure accurate and timely review of SBA loan transactions and to coordinate closing documentation and collateral perfection.

You will work with SBA lenders, Credit Administration, Loan Operations, and customers, while staying current on SBA SOP regulations and bank policies. A background in SBA closing and banking is preferred.

Qualifications

• Minimum of one year of general banking or loan closing experience.
• Minimum of one year of SBA Closing experience preferred.
• Heavy volume closing experience preferred.
• Bachelor's/Associate degree or paralegal certificate preferred; SBA Lending experience considered.
• Knowledge of entity borrowing structures (LLCs, Corporations, Partnerships, TIC).
• Ability to navigate Secretary of State sites to identify entity documentation.
• Knowledge of Flood Insurance compliance and required documentation.
• Knowledge of loan closing processes and required documents.
• Excellent written and verbal communication skills.
• Interpersonal skills to interact with all levels.
• Strong multi-tasking and prioritization abilities.
• Ability to think outside the box and work with limited supervision.
• Ability to meet strict timelines and service level agreements.
• Strong PC skills and quick learning of new systems.

Responsibilities

• Review approved Credit Approval Document and coordinate with customers for needed docs.
• Interact with underwriters, partners, borrowers, attorneys and vendors to ensure closing conditions are met.
• Review title commitments, title searches, and other real estate docs for SBA requirements.
• Prepare lien perfection documents to secure collateral.
• Request and review Equity Injection documentation.
• Coordinate loan documents from Bank Counsel for SBA 7(a), Express Line, SBA 504.
• Assist Post-Closing by clearing exceptions within timeframes.
• Stay current on SBA regulatory changes and SOP updates.
• Provide high level customer service to internal and external customers.
• Perform other duties as assigned.

Skills

SBA Closing

Multitasking

Documentation review

Communication skills

Interpersonal skills

Deadline-driven

Analytical thinking

Autonomy

Education

Bachelor's degree

Associate degree

Paralegal certificate

Tools

MS Office

Banking software

Job description

SBA Loan Closer I

As the Small Business Administration (SBA) Loan Closer I, you will be responsible for ensuring accurate and timely review of SBA loan transactions, ensuring all items needed for closing are obtained, and all collateral is perfected appropriately. Your duties will include coordinating with the SBA lenders, Credit Administration, Loan Operations, and customers on closing loan transactions. You will be also responsible for remaining current on SBA SOP regulations, as well as compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

What You Will Do:

• Manage a workload that includes multi-tasking and the ability to prioritize any conflicting issues
• Review approved Credit Approval Document; coordinate with customer for any documentation needed prior to or at closing
• Interact with the underwriters, referral partners, borrowers, attorneys, and other 3rd party vendors to ensure all conditions are met for closing.
• Review title commitments, title searches, other real estate related documents, entity documentation and legal documents of borrowers and ensures all Bank and SBA requirements have been met
• Prepare necessary lien perfection documents to protect the Bank's security interest in pledged collateral
• Request, review and prepare all related Equity Injection documentation
• Request and review all loan documentation from Bank Counsel for various types of loans including, but not limited to, SBA 7(a), Express Line of Credit and potential SBA 504
• Assist Post-Closing department, when necessary, clearing any exceptions within the approved time periods.
• Remain current on all pending and proposed regulatory changes affecting compliance and SOP with SBA
• Provide a high level of customer service to both internal and external customers
• Perform other duties as assigned

What We're Looking For:

• Minimum of one year of general banking experience or loan closing experience required
• Minimum of one year of previous SBA Closing experience preferred
• Heavy volume closing experience preferred
• Bachelor's degree, associate's degree, or paralegal certificate preferred; Relevant and commensurate work and experience in the SBA Lending industry will also be considered.
• Knowledge of various legal entity borrowing structures such a Limited Liability Companies, Corporations, Partnerships, Tenant in Common structures, etc.
• Ability to navigate nationwide Secretary of State sites as deemed necessary to identify entity documentation needed.
• Knowledge of Flood Insurance Compliance and required documentation
• Knowledge of Loan Closing processes and required documentation
• Excellent written and verbal communication skills
• Interpersonal skills to interact positively and effectively with all levels of employees, management, and third parties
• Possess excellent multi-tasking skills
• Ability to think outside the box to ensure proper due diligence is performed
• Capability of working effectively under limited supervision
• Ability to identify issues and opportunities and explore solutions
• Ability to meet strict timelines and service level agreements
• Strong PC skills required along with an ability to quickly learn new systems

Working Conditions/Demands:

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.

Who Are We?

We're not just another bank and we're not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovatorsthose who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It's your career, you deserve to imagine more. Keep reading, we think you will like what you see.

More about First Internet Bank

At First Internet Bank, our workplace is built around people. Guided by four core competenciesCollaborate to Win, Adapt with Agility, Decide for Impact, and Put People Firstwe've created an environment where individuals feel empowered, supported, and inspired to do their best work. This commitment to collaboration and growth has earned meaningful recognition, including being named a Top Workplace multiple times and one of the Best Banks to Work For. We're proud of these honors because they reflect what matters most to us: our team.

This culture comes to life at our 175,000?square?foot headquarters in downtown Fishers, designed with our people in mind. Inside, you'll find thoughtfully designed workspaces, an onsite fitness center and The Backyard, our 18,000?square?foot open?air deck with fire pits, covered pergolas, a waterfall, and plenty of greenery for stepping away and recharging. Add free snacks, soft drinks, beer on tap, unlimited volunteer time off, continuous education opportunities for development and regular team events, and you'll find plenty of ways we support connection and a great workday.

Our benefits package includes the following and so much more:

• Medical, Dental, and Vision Insurance for Full-Time employees - Eligibility begins on day one of employment
• 401(k) Retirement Plan with Generous Match for Full-Time and Part-Time employees - Eligibility begins on day one of employment
• Professional Development Reimbursement
• At Least 3 Weeks Paid Vacation Annually - For New Employees, Paid Vacation is Adjusted Based on Start Date
• Eleven Paid Holidays
• Paid Volunteer Time
• Annual First Internet Bank-branded merchandise allowance

Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities