VP SBL Loan Closing Officer III (Remote)

Bancorp Bank; Morrisville (NC); Remote; USD 74,000 - 128,000; Full time

Job summary

Join a forward-thinking financial institution as a Loan Administrator, where you will manage the due diligence process for a variety of commercial loan products. This remote role allows you to work from anywhere in the U.S.A., providing an opportunity to interact with clients and various stakeholders to ensure a smooth loan closing experience. Your expertise in SBA loan documentation and exceptional communication skills will be vital in maintaining compliance and fostering strong relationships. If you are passionate about delivering excellent client service and thrive in a collaborative environment, this role is perfect for you.

Qualifications

• Undergraduate degree or equivalent experience required.
• 7 years of experience in loan documentation or SBA processes.

Responsibilities

• Collect and audit documents for loan closing.
• Manage loan files and ensure compliance with guidelines.
• Provide leadership and mentorship to loan administrators.

Skills

SBA loan documentation

Excellent communication skills

Client service skills

Team collaboration

Multi-tasking

Education

Undergraduate degree in a related field

7 years of loan documentation experience

Tools

Loan tracking systems

Software applications

Job description

Overview

Work Arrangement:

***This is a remote position and can be located anywhere in the U.S.A.***

Manages and performs due diligence required to collect, manage, examine, and accept the required documentation from clients for a wide range of commercial loan products, including but not limited to: SBA, USDA, loan participations, loan purchases, and conventional loan closings. Interacts directly with applicants, referral sources, bankers, attorneys, and third-party providers including the SBA, CDC, and USDA business partners throughout the process.

Responsibilities

Essential Functions

Collects, audits, and examines all documents essential for loan closing, not limited to tracking, engaging, and confirming compliance of all third-party reports, e.g., real estate appraisals, environmental reports, business valuations, franchise reports and agreements, flood certification and UCC searches, filings, title reports, etc.

Verifies SBA’s/USDA’s Terms & Conditions is in accordance with loan approval and credit analysis based on program participation levels.

Tracks and funds Guarantee Fee to meet SBA requirements.

Builds, scans, assembles, and maintains all loan files in accordance with company procedures, processes, and standards in accordance with audit requirements.

Audits, reviews, accepts, or obtains proper approval of all loan documentation preceding and subsequent to loan closing to ensure all necessary documentation is obtained and properly completed in accordance with the company and SBA/USDA guidelines. Follow up with applicants or applicable parties as needed to obtain missing information. Review all information, cross-check data for inconsistency and document any non-standard matters with proper approval.

Completes and/or reviews all required loan closing documentation following Bank and/or SBA/USDA guidelines.

Creates and maintains all tracking checklists to validate loan closings are managed within guidelines. Enter, update, and manage data in all loan tracking systems. Perform the proper follow up and collection of post close documentation to support the loan per tickler reporting.

Creates, maintains, and distributes status reports to management.

Manages the closing process to create for the client an efficient and pleasant experience. Participate in focus groups to improve the process and contribute suggestions to streamline the process while ensuring quality and compliance guidelines are met. Protect the SBA Guaranty or take out participation.

Manages the information flow with banks, legal counsel, and others involved in the loan process. Develop close working partnerships with all appropriate parties during the loan documentation, approval and closing process.

Accounts for all fees and charges due within each loan file to minimize loss or missed fee reimbursement. Prepare and process all loan funding requests to maintain accurate records, documentation, and account reconciliation.

Reports all loan inconsistencies, properly validate all information provided within the loan due diligence process and maintain the highest ethical integrity throughout the loan process.

Provides leadership and mentor other loan administrators.

Performs other duties as assigned.

Qualifications

Education/Experience Requirements

• Undergraduate degree in a related field or an equivalent combination of training and experience.
• 7 years of loan documentation or SBA experience.

Preferred Qualifications

• Strong working knowledge of SBA loan packaging, application, and loan documentation (express, 7a, and 504 loanprograms).
• Excellent verbal, written, and interpersonal communication skills.
• Team player, able to work effectively in a team fostered, multi-tasking environment.
• Exceptional computer, internet, and software application skills.
• Exceptional client service skills.

Background & EEO Statement

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Salary Range: $74,363 - $127,786 Annually

This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

Working at The Bancorp Bank, N.A. and Benefits Information:click here

Diversity & Background Screening

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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