SBA Loan Processor, Closer

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee the progression of SBA loans from application submission through to approval, processing, and closing.

• Act as the primary point of contact between the BDO, Underwriter, borrower, and SBA for collateral assessment and loan documentation.

• Manage the loan application pipeline and collaborate with the Lender Service Provider and Loan Operations to ensure timely closings and funding.

• Facilitate loan closings, handle due diligence, and proactively communicate with stakeholders.

• Keep up-to-date with changes to SBA SOP and assess loans for SBA eligibility.

• Ensure that loan files comply with SBA and bank standards and are submitted into ETRAN for approval.

• Foster relationships with borrowers and internal stakeholders, addressing questions, concerns, and issues in a timely manner.

• Complete compliance and IT training while adhering to bank policies, procedures, and regulations.

• Investigate suspicious activities and collaborate to mitigate fraud risks.

⛳️ Requirements

• 3–5 years of specialized experience within SBA lending.

• A Bachelor’s degree in finance, accounting, or a related business field is strongly preferred.

• Comprehensive knowledge of SBA SOP.

• Capability to independently manage the packaging and closing processes in a high-volume setting.

• Ability to foresee and alleviate potential slowdowns while maintaining efficiency and attention to detail.

• Strong organizational, time-management, and checklist skills.

• Confident, clear, and professional communication abilities.

• Understanding of financial products and services, along with relevant regulations and laws.

• Proficiency in interpreting financial statements and legal documents.

• Quick learner with the ability to utilize new tools and technology to enhance efficiencies.

• Availability to work during Eastern Standard Hours.

• Valid U.S. work authorization; visa sponsorship is not available.

• Must confirm non-smoking status or commit to cessation within 90 days of accepting the offer.

• Successful completion of cognitive and personality assessments, credit and background checks, and reference checks.

🏝️ Benefits

• Opportunities for annual bonuses, incentives, and equity may be available.

• 100% employer-paid health coverage for employees, with employer contributions for dependents.

• Medical, Dental & Vision Insurance.

• Health Savings Account (HSA).

• Complimentary Telemedicine access through Teladoc.

• 401(k) plan with 6% employer match and no vesting period.

• Employee Stock Options.

• Exclusive banking perks for employees.

• 0% financing available for employee solar loans.

• Employee-only mortgage products with special interest rates and terms.

• 0% financing available for eligible electric vehicles (EVs).

• Referral incentives.

• 2–4 weeks of vacation based on officer level, in addition to extra tenure-based time.

• 64 hours of paid sick time for all full-time employees.

• Company-paid life insurance.

• Short- and long-term disability insurance.

• Voluntary life, accident, and critical illness coverage.

• Employee Assistance Program (EAP) providing free counseling, legal, and financial services.

• Occasional U.S. travel for company events.