SBA & USDA Closing Specialist - Expert in ETRAN Systems
1 month ago
This role is responsible for overseeing all aspects of SBA 7a/504/Express and USDA/OneRD loan closings, including pre-closing reviews, post-closing reviews, and uploading to banking systems and loan processing systems.
Key Responsibilities:- Manage and maintain loan packages in bank systems (nCino, ETRAN) on a daily basis.
- Upload SBA loans into CAFS/ETRAN to obtain SBA Authorization/Approval SBA Loan Number, monitoring for 90-day expiration and canceling expired or withdrawn SBA Authorizations on a weekly basis.
- Conduct pre-closing package reviews, including loan officer involvement, with loans above $2 million requiring submission to the CLOSING/LOAN DOC REVIEW Dept prior to closing on a monthly basis.
- Prepare closing checklists for borrowers to prepare for closing on a monthly basis.
- Order appraisals, surveys, environmental reports, title reports, and verify rate changes on a daily basis.
- Submit vendor invoices to Accounting (Accounts Payable) on a weekly basis.
- Engage attorneys and title agents for loan closings on a weekly basis.
- Prepare internal reports and respond to internal inquiries regarding loan documentation on a weekly basis.
- Submit vendor packages to vendor relations to add approved vendors (attorneys, appraisers, title agents, environmental consultants, business valuations) on a monthly basis.
- Review Application/forms/Packaging Checklist in bank systems to ensure all forms are correct and in the DocMan/Placeholder on a weekly basis.
- Review DocMan (nCino) to ensure that all SBA Application/forms and supporting documents were uploaded, review date on form, and request updated forms if expired (120 days) on a monthly basis.
- Broad knowledge of SBA SOP, Closing/funding commercial loans, and previous Banking/SBA related experience.
- Must know CAFS/ETRAN (SBA portal/system).
- Five (5) years current training on SBA 7a/504 SOP (NAGGL/NADCO Courses).
- Previous experience closing SBA 7a & 504 loans (complete packages/funding).
- Experience and knowledge of SBA 7a/504/Express & USDA/OneRD products & services.
- Knowledge of regulatory requirements and standards applicable to USDA & SBA products.
- Software: CAFS/ETRAN 3+ years experience, nCino (preferred, not required), Bankway (preferred, not required), OnBase (preferred, not required).
This position requires extensive knowledge of the SBA SOP (SBA 7a & 504) Closing, CAFS/ETRAN-SBA Authorization, and banking systems. The ideal candidate must be able to work independently with little to no supervision or oversight.
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