SBA Closer

At First Bank of the Lake, we are seeking a highly skilled and experienced SBA Closer to join our team. As an SBA Closer, you will be responsible for preparing SBA forms, submitting them to the SBA, and ensuring compliance with SBA SOP and First Bank of the Lake policies, procedures, and regulatory requirements.

• Manage 4-6 SBA active loans in closing stage with an average of 2 closings per month based upon product and complexity.
• Prepare and submit Non-Delegated 'GP' and Preferred Lending 'PLP' loan requests via ETRAN.
• Generate Closing Checklist and coordinate initial call with the borrower, BDO, and attorneys.
• Work closely with the borrower, BDO, and attorney to ensure a smooth closing process.
• Responsible for timely communication with Borrower of missing items needed to complete loan closing.
• Maintains control over loans in process to detect any potential and/or developing problems and ensure all department managers are informed of the issues.
• Order flood certifications, tax transcripts, UCC/Federal/State/County preliminary lien searches, title commitments, and request from borrower the essential loan documentation as indicated by Underwriter, First Bank of the Lake, SBA procedures to ensure completeness of loan files.
• Reconcile equity injection and make final verification determination.
• Knowledge of AIA contracts, permits, builder's risk, and other construction documents so that you may coordinate a smooth handoff to the SBA Construction Coordinator.
• Build electronic loan folder and scans loan documents into FBOL system of record.
• Follow internal audit procedures to ensure files are properly documented.

• Minimum of 3 years' experience in Small Business Administration industry with a focus on packaging and closing loans.
• Knowledge of commercial lending documentation and/or operations in banking, law firm, title company, or other related industry.
• Detailed knowledge of the SBA SOP is required.
• Fundamental knowledge of business financial statements and credit factors relating to commercial loans.
• Skilled with Microsoft Word, Excel, Outlook, and related software applications (LaserPro, nCino, Fiserv, and Portal is a plus).
• Excellent verbal and written communication skills.
• Well organized, ability to multi-task, and attention to detail.
• Ability to prioritize, work well under pressure, and meet deadlines.
• Must be able to work in a team environment and adapt to change.
• Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training, suitable to their position within the bank.