SBA Loan Closer

Who Are We?

Port 51 Lending is a growing SBA 7(a) non-bank lender serving all communities throughout the United States.

We are seeking exceptional candidates to join our growing team! Take your talents and SBA knowledge to the next level by working with a team of experts that proactively and constructively communicate and support each other, their partners, customers and communities.

Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. 

About the Position:

As a SBA Loan Closer you will be responsible for ensuring accurate and timely execution of SBA loan transactions, ensuring all items needed for closing are obtained, and ensuring all collateral is perfected appropriately. You will also coordinate with the SBA lenders, Credit Administration, Portfolio Managers, Loan Operations, In-House Legal Counsel, Loan Brokers, and customers on closing loan transactions. You will also be responsible for remaining current on SBA SOP regulations and all lender policies and procedures.

What You Will Do:

• Review entity documentation and legal documents of borrowers and ensure all Lender and SBA requirements have been met
• Review and document injection and disbursement per Lender and SBA policies
• Request SBA approval through ETRAN or other means
• Review approved Credit Approval Document; coordinate with customer for any documentation needed prior to or at closing
• Assist in identifying and clearing any exceptions within the appropriate time periods; interact with the SBA, underwriters, referral partners, borrowers, attorneys, and insurance agents to ensure all conditions are met for closing.
• Review insurance documents to ensure proper type/coverage
• Maintain detailed knowledge of SBA loan documentation, collateral perfection, title insurance, UCC filing, compliance requirements, and loan/funding terminology
• Provide a high level of customer service to both internal and external customers
• Perform other duties as assigned

What We’re Looking For:

• Minimum of three years of experience in SBA as a loan processor or closer.
• College degree in business or paralegal certification is preferred; relevant work and experience with SBA lending will be considered.
• Knowledge of required financial and collateral documentation for commercial loans under the SBA 7(a) Loan Program
• Knowledge of required reviews and verifications through the Secretary of State, etc., and the type of entity documentation required for each type
• Knowledge of Flood Insurance Compliance and required documentation
• Knowledge of Loan Closing processes and required documentation
• Outstanding collaboration skills
• Excellent written and verbal communication skills
• Interpersonal skills to interact positively and effectively with all levels of employees, management, and third parties
• Possess excellent multi-tasking skills
• Capability of working effectively under limited supervision
• Ability to identify issues and opportunities and explore solutions
• Ability to create and maintain a positive and cohesive team work environment
• Ability to meet strict timelines and service level agreements
• Strong PC skills required along with an ability to quickly learn new systems

Working Conditions/Demands:

• Remote setting.
• Primarily a sedentary position requiring long periods of time working at a computer.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.