SBA Senior Loan Packaging & Closing Specialist (Remote)

Job Summary

This position is responsible for the loan processing (packaging and closing) of all SBA and USDA loans.  This role will work closely with the SBA Lending Team, attorneys, third party vendors, and other internal departments to process, close, and manage the SBA relationship with the highest degree of SBA loan program compliance.  The incumbent will provide administrative support relative to SBA loan origination and closing process and spearhead communication with clients, borrowers, brokers, government entities, and other third parties exercising discretion and judgment.

Key Responsibilities / Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 


* Manage the Commercial Loan Pipeline (CLP) record after the initial entry by the Relationship Manager and monitor and update status through each phase of the process.



* Assist in the collection and review of required application and financial documents to establish the SBA Borrower Checklist.


* Responsible for maintaining the SBA Client File in accordance with the Bank’s file folder structure and ensuring documentation is saved to the appropriate subfolders using the Bank’s established naming conventions.


* Draft, review and/or manage the SBA Borrower Checklist, SBA Forms including Forms 1919 and 159, Loan Authorizations, ETRAN Terms and Conditions, and Loan Commitment Letters.


* Ensure loans are closed in compliance with Bank’s and SBA’s policies and procedures.



* Upon approval, review approved SBA and/or USDA credit application package to determine appropriate due diligence and documentation necessary to ensure proper collateral position and compliance with the Loan Authorization, ETRAN Terms and Conditions and applicable SOP(s).



* Ensure timely processing of loan package to include, but not limited to, ordering a variety of reports such as site inspections, real estate appraisals, environmental reports, business valuations, flood determinations, OFAC, System for Award Management Searches (SAM); obtaining and reviewing CIP, Beneficial Ownership Certification, required insurance documentation, Secretary of State entity verification, organizational documents, trust agreements and HMDA reporting requirements.


* Ensure timely packaging, ETRAN data entry, and submission of loan applications to SBA for approval via PLP (delegated) or GP (non-delegated) processing.


* Update CLP as items are completed, utilizing SBA Borrower Checklist; provide frequent status updates to Borrower and SBA Relationship Manager.


* Engage HomeTrust Bank approved counsel for preparation of loan documents.

Coordinate ordering of UCC searches and title work.

Prior to closing, review all UCC searches, title work, and final draft loan documents for accuracy and adherence to Bank’s loan approval and SBA’s Terms and Conditions.


* Prepare necessary internal documents, ...