Investment Real Estate Closer

Job Title: SBA Loan Closer

Department: Lending Operations / SBA Department

Reports To: SBA Director

FLSA Status: Exempt / Non-Exempt (Based on Institution Policy)
Position Summary
The SBA Loan Closer is responsible for coordinating, preparing, reviewing, and closing SBA 7(a), SBA Express, and other government-guaranteed loan transactions in compliance with SBA Standard Operating Procedures (SOP), bank policies, and regulatory requirements. This position serves as the primary liaison between borrowers, lenders, attorneys, title companies, insurance agents, and internal departments to ensure loans are closed accurately, efficiently, and in accordance with all credit approval and SBA authorization requirements.
Essential Duties and Responsibilities
Loan Closing Administration

Review approved loan packages, credit approvals, and commitment letters to determine closing requirements.
Prepare and coordinate SBA loan closings for:
Business acquisitions
Commercial real estate purchases
Construction and renovation projects
Equipment financing
Working capital loans
Debt refinance transactions

Ensure compliance with SBA SOP requirements, lender policies, and loan authorization terms and conditions.
Coordinate closing timelines with Lending Assistance, Borrowers, Attorneys, Title companies, and RMs or BDO lenders.
Schedule and facilitate loan closings.
Submit SBA Approval in Etran to obtain Terms & Conditions.
Documentation and Compliance
Review loan approvals and create comprehensive closing checklists.
Collect and review all required closing documentation including:
Organizational documents
SBA Forms 1919, 912, and other required SBA forms
Personal Financial Statements (Form 413)
Insurance certificates
Landlord waivers
Franchise documents
Purchase agreements
Environmental reports
Appraisals
Title commitments and surveys

Verify satisfaction of all pre-closing conditions.
Ensure proper execution of loan documents and closing packages.
Confirm all collateral documentation is properly prepared and perfected.
Prepare closing SBA loan documentation.
Collateral and Perfection
filing and perfection of collateral including:
UCC Financing Statements
Real estate mortgages and deeds of trust
Assignment of rents and leases
Vehicle liens
Life insurance assignments
Securities and investment account assignments

Review title commitments and exception requirements.
Coordinate recording and filing of security instruments.
Ensure all lien positions meet approved credit structure requirements.
obtain all invoices regarding fees to close the loan
Funding and Post-Closing
Verify all closing conditions have been satisfied prior to funding.
Prepare funding worksheets and disbursement instructions.
Coordinate loan funding with accounting and operations teams.
Review final settlement statements and sources and uses of funds.
Ensure post-closing documentation is completed timely.
Prepare complete boarding packages for loan operations.
Assist with SBA guaranty purchase readiness and documentation retention requirements.
Quality Control
Conduct file reviews to ensure SBA eligibility and compliance requirements are met.
Identify and resolve documentation deficiencies before funding.
Maintain accurate loan records and electronic loan files.
Assist during internal audits, SBA reviews, and regulatory examinations.
Required Qualifications
Education
Associate's degree in Business, Finance, Accounting, or related field preferred.
Equivalent combination of education and experience considered.
Experience
Minimum 3 years of commercial loan closing experience.
Minimum 2 years of SBA loan closing experience preferred.
Experience with SBA 7(a), SBA Express, and commercial lending documentation.
Experience reviewing title commitments, insurance, and collateral documentation.
Knowledge and Skills
Strong knowledge of SBA SOP 50 10 requirements.
Understanding of commercial loan documentation and collateral perfection.
Familiarity with:
UCC filings
Commercial real estate closings
Business acquisition transactions
Construction lending
Loan servicing requirements

Excellent attention to detail and organizational skills.
Strong communication and customer service skills.
Ability to manage multiple transactions simultaneously.
Proficiency in Microsoft Office Suite.
Preferred Experience
Experience with:
LaserPro
Abrigo
Jack Henry
SBA One
E-Tran

Knowledge of SBA guaranty repair and denial prevention practices.
Community bank or SBA lending department experience.
Physical Requirements
Ability to sit for extended periods.
Ability to work at a computer for prolonged periods.
Ability to occasionally lift up to 20 pounds.
Key Performance Indicators (KPIs)
Loan closing turnaround time.
Documentation accuracy rate.
Post-closing exception rate.
SBA compliance findings.
Customer satisfaction scores.
Funding timeliness.
Audit and examination results.

This job description in no way implies that these are the only duties to be performed by the employee occupying this position. Employees will be required to perform any other job-related duties assigned by the supervisor. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities.

Century Bank is an Equal Employment Opportunity/Affirmative Action employer and does not discriminate on the basis of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age or veteran status.