Primary Purpose of the Job: The Loan Closer assists our closing attorneys, borrowers, banking partners and the SBA to meet closing deadlines and assures the closing for Commercial Real Estate Loans is handled in an efficient, courteous and professional manner.
Expedite loan closings by working with our Closing Attorneys, Title Agents and Insurance providers to compile required documents to match SBA Authorization (similar to a term sheet) in a timely manner
Co-ordinate receipt of all closing information with our closing attorneys.
Anticipate and resolve potential delays and communicate with all involved parties.
Must be detail oriented in order to maintain accurate and complete company records.
Follow-up periodically with borrower and banker during renovation/construction period prior to 504 funding.
Consult with loan officers and credit analysts on credit related decisions that affect closing;
Assure requests for changes are submitted to SBA in a timely fashion to account for internal and SBA processing times
Provide documentation to SBA’s Central Servicing Agent as needed to ensure appropriate funding.
At least 2-3 years prior experience in documenting Real Estate loans (commercial loan and or SBA experience preferred) with a bank or non-bank financial institution, preferably with expertise in SBA Loan Closings but training will be provided.
College graduate preferred
Knowledge of SBA Lending Programs preferred but not necessary. Training will be provided.
Knowledge of Word and Excel
About Business Finance Group
Business Finance Group is a non-profit economic development lender committed to providing access to capital for small businesses through the SBA 504 and Community Lending Programs.