Senior SBA Closing Specialist

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

📋 Description

• Oversee the SBA loan closing process from approval to funding, booking, and resolving post-closing issues.

• Perform comprehensive reviews of loan files, including Credit Memos and Commitment Letters.

• Raise any clarification questions while maintaining necessary SBA forms and closing checklists.

• Complete Master Checklists and rename documents to ensure readiness for closing and compliance audits.

• Review and obtain due diligence reports, including SAM, OFAC, CAIVRS, and Flood reports.

• Process SBA approvals using ETRAN and pay SBA guaranty fees as needed.

• Update nCino with precise dates, borrower information, and loan details.

• Follow up with BDOs and Underwriters to acquire change memos and ensure system accuracy.

• Update Chatter with conditions status, changes in loan terms, booking updates, and post-closing tracking notes.

• Collaborate with attorneys and coordinate with borrowers, third parties, and internal teams.

• Assist in clearing pre-closing conditions and verify equity injections.

• Finalize Sources and Uses and engage construction oversight companies when necessary.

• Coordinate DDA setup and communicate closing statuses and missing documents.

• Schedule closing dates and review draft closing documents.

• Prepare internal closing documents and compile complete closing packages.

• Create and circulate funding sheets for internal approval.

• Review executed closing documents, process funding, and ensure proper disbursement.

• Book SBA loans and resolve booking exceptions with Loan Servicing.

• Address QC audit and post-closing exceptions.

• Track original executed closing documents and confirm their receipt.

• Facilitate post-closing introductions of borrowers to internal relationship partners.

⛳️ Requirements

• Capability to interpret and apply SBA SOPs, bank policies, and internal procedures.

• Strong organizational and time-management abilities, with the capacity to manage multiple loans and deadlines concurrently.

• Excellent written and verbal communication skills.

• Ability to coordinate effectively with internal teams, legal counsel, third parties, and borrowers.

• Proven track record of identifying discrepancies, raising clarification questions, and proactively resolving issues.

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field required, or equivalent combination of education and relevant banking or lending experience.

• A minimum of 3–5 years of experience in commercial loan closing, SBA loan processing, loan operations, or a related banking function.

• Demonstrated experience with SBA 7(a) and/or SBA 504 loan programs.

• Familiarity with SBA forms, ETRAN processing, guaranty fees, and compliance requirements.

• Strong understanding of loan documentation, credit approvals, commitment letters, and closing conditions.

• Experience in reviewing loan files for accuracy, completeness, and regulatory compliance.

• Proficiency in loan origination and servicing systems, such as nCino or similar platforms.

• Working knowledge of due diligence requirements, including OFAC, SAM, CAIVRS, Flood, and other third-party reports.

• Must communicate in a professional manner, work collaboratively, show accountability, and adhere to Leader Bank’s Brand Pillars and Values.

🏝️ Benefits

• Competitive compensation.

• Health insurance coverage.

• Team member wellness program.

• Life and disability insurance.

• Retirement savings plan.

• Paid holidays.

• Paid time off and vacation.

• 401k plan with corporate match.

• Medical and dental insurance.

• Annual bonuses, commissions, short- and long-term incentives, and program-specific awards may be available.

• Equal Opportunity and Affirmative Action employer.