SBA Lending Coordinator
Columbia Bank
Summary: SBA Lending Coordinator is responsible for supporting documentation, closing, monitoring & servicing processes of SBA loans in accordance with the approved policies & procedures within the SBA Department. Prepares documentation within the terms and conditions of the approved CAM and SBA Terms. Coordinates booking, closing, and funding processes. Performs post-closing functions. Assists with all audits.
Job Responsibilities: Closing Management
Job Responsibilities: Closing Management
- Prepares commitment letter based on CAM and SBA conditions.
- Coordinates with closing attorney to submit closing checklist to borrowers/attorneys.
- Follows up with borrowers to satisfy closing checklist requirements.
- Orders all third-party reports as required (Appraisal/ BV/ Environmental/ Construction Budget Review/Advance, etc.).
- Prepares closing documents and closes loans per CAM & Commitment Letter.
- Assists with pulling third party searches as needed (CAIVRS / SAMs, etc.)
- Documents and verifies capital infusion prior to loan closing.
- Obtains and follows up for insurance prior to closing.
- Confirms pre & post-closing UCC & Mortgage liens & filings with CAM & closing.
- Uploads documents and modifies information as required in various Bank and SBA systems (Etran/nCino / DNA/ Nautilus/ etc.)
- Prepares SBA Terms & Conditions.
- Issues required letters regarding flood insurance notification.
- Ensures SBA guaranty fee is paid as required.
- Processes broker fee (Form 159 along with invoices).
- Monitors the closing pipeline.
- Performs closings as assigned.
- Ensures transactions are efficiently distributed and processed in a timely manner.
- Assist with loan payment collection.
- Prepares monthly 1502 reporting.
- Prepare semiannual SBA liquidation report.
- Prepare SBA 10 tab as required.
- Coordinates loan closing with borrowers and attorneys; prepares wires/checks for funding.
- Inputs wire for SBA closings
- Inputs all closed loans into the Bank's DNA system and verifies entries for accuracy.
- Inputs wires / ACH/ check request for future advances.
- Inputs supporting loan file documentation into the Bank's document imaging system and prepares closing file for post-closing review.
- Supports all post-closing related activities such as receipt of all required recorded documentation, policies, and completion of collateral files.
- Monitors and obtains all necessary documents for multi advance loans; such as Construction and leasehold improvement transactions. (Invoices, Lien waivers, title rundowns, inspections, etc.)
- Assists with all audits.
- Assists team members in gathering information for any internal or external loan reviews.
- Performs other job-related duties as may be assigned.
- Inputs and submits request for various 3rd party reports (appraisal/environmental/ cost review/BV).
- Submit payoff request to SBA.
- Issue new broker agreement along with collecting W-9 and any other supporting documents.
- Assist / verifies wires for other closers
- : Bachelor's Degree preferred;
- Minimum 2 years' experience in SBA business lending documentation & closing; construction closing equivalent;
- Proficient in Microsoft Word & Excel;
- Familiar with UCC filings (both origination & termination);
- Excellent customer service skills;
- Attention to detail;
- Organizational skills;
- Ability to work independently, once trained, to complete work on a timely basis;
- Effective communication skill
- Medical, Dental, Vision and Rx which are contributory.
- Bonus programs.
- Employee Stock Option Program (ESOP).
- Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
- Paid Time Off (PTO) which includes Personal and Vacation Time.
- Paid Sick Time.
- Bank Holidays.
- Employees may participate in the 401k program.
Vacancy posted 14 hours ago
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