SBA Loan Closer

1 week ago


Fort Lee, New Jersey, United States Cross River Full time
About the Role

Cross River is a leading financial technology company that is revolutionizing the way businesses access financial services. We are seeking an experienced SBA Loan Closer to join our team and play a key role in our growing business.

Key Responsibilities
  • Order and review financial information, including UCC/Federal/State/County preliminary lien searches, title commitments, flood search, background checks, CAIVRS, IRS Transcripts, appraisal, environmental reports, and loan documentation to ensure completeness of the loan file.
  • Review articles and by-laws/operating agreements of partnership, corporation, and limited liability company (LLC) to ensure compliance with SBA lending requirements and Bank policies and procedures.
  • Substantiate Equity Injection as required by the loan approval and ensure prompt payment of the Guarantee fee for the SBA loan as required by allotted time.
  • Generate a closing checklist and coordinate the closing with borrower, BDO, and attorney to ensure accuracy of the loan file and compliance with SBA lending requirements and Bank policies and procedures.
  • Complete a detailed review of the loan approval to determine borrowers, guarantors, collateral, and other required credit and closing conditions and compliance with SBA lending requirements and Bank policies and procedures.
Requirements
  • Bachelor's degree in Accounting, Finance, or equivalent experience.
  • Minimum of two years of closing experience in SBA lending or residential mortgage loan closing.
  • Strong knowledge of closing procedures, federal and state banking regulations, and adherence to banking policies.
  • Laserpro and E-tran experience required.
  • Strong oral and written communication skills in a commercial bank environment.
  • Demonstrated effective customer service skills.
  • Effective business writing and professional skills.
  • Strong working knowledge of Microsoft Word and Excel.
About Cross River

Cross River is a highly profitable, fast-growing financial technology company that is backed by leading investors and serves the world's most essential fintech and technology companies. We are committed to building the infrastructure that propels access, inclusion, and the democratization of financial services.

We are an Equal Opportunity Employer and do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law.


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