SBA Loan Closer

Description

About Us

Join Dogwood, a North Carolina state-chartered community bank named as a Best Employer in North Carolina for multiple consecutive years! Dogwood has had immense success in recent years with a passion for serving our customers and communities. As a vital asset to Dogwood, our team members play a crucial role in delivering exceptional financial services through our branches and online offerings across the Carolinas. With deep roots in the communities we serve, we pride ourselves on being an employer of destination. At Dogwood, our core values of love and respect shine through in every aspect of our work. We are a dedicated team, committed to making a meaningful impact on the lives of our customers and communities.

Position Summary

This position is primarily responsible for serving as the internal and external liaison between the department, third party vendors, attorneys and customers related to all loan closing issues.

Requirements

Key Responsibilities

• Prepares legal and credit files, SBA loan application packages and obtains all required signatures, prepares, submits and coordinates with SBA the issuance of an SBA loan number and prepares SBA authorization. 
• Evaluates third party vendor documentation such as Uniform Commercial Code (UCC) and lien and flood searches.
• Ensure payment of SBA guarantee fee in the SBA required time frame. 
• Review articles and by-laws as well as partnership and LLC agreements. 
• Verifies appropriate lease terms. 
• Obtains and reviews escrow instructions (if applicable). 
• Gathers final estimates/budgets for construction project and leasehold improvements. ascertains insurance requirements. 
• Handles DMV transactions (if applicable). 
• Verifies cash injections. 
• Verifies eligible funding via joint-payee checks on capital expenses. 
• Recognizes and proactively resolves potential problems in the loan closing process. 
• Prepares documentation request form for submittal to documentation unit or outside Bank counsel and reviews documents upon receipt to insure conformance with Bank and SBA approval and conditions. 
• Coordinates and schedules document execution with all parties as appropriate. 
• Reviews executed closing documents to ensure all required signature, notaries, and /or witness signatures are properly completed. 
• Prepares and coordinates loan funding with Loan Operations. 
• Opens title and orders preliminary title report, as appropriate. 
• Maintains expense log for each loan and reconciles with deposit received by Bank. 
• Ability to effectively supervise and coordinate multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes. 
• Computer literate; fluency in Microsoft Office programs and Excel. 
• Ability to establish and maintain effective work relationships both internally and externally. 

General Qualifications  

• Excellent communication skills, both written and verbal. 
• Excellent customer service skills. 
• Excellent organizational, analytical and interpersonal skills.
• Detail-oriented.
• Ability to work and multi-task in a fast-paced environment. 
• Ability to use a personal computer and job-related software. 
• MS Word - Intermediate Level. 
• MS Excel - Intermediate Level.
• Knowledge of commercial loan closing requirements and processes with an emphasis on SBA preferred and knowledge of SBA software preferred. Paralegal training and/or experience a plus. 
• Must possess highly developed interpersonal and negotiating skills. 
• Must be an effective motivator and communicator with customers, prospects and staff. 
• Must have strong analysis and problem-solving skills. 

Physical & Mental Demands

Vision, hearing, speech, movements requiring the use of wrists, hands and/or fingers. Must be able to sit, stand, stoop, bend and lift up to 50 pounds. Must have the ability to work the days and hours required to fulfill the essential functions of the position. Quick thinking, adaptability and exercise discretion when necessary.