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SBA - Packaging And Closing Specialist
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- As a SBA Packaging and Closing Specialist you will monitor the SBA Division portfolio to ensure compliance with financial reporting, appropriate insurance is maintained, and other ongoing requirements are met.
- You will be responsible for a variety of tasks including coordinating with loan operations or outside legal counsel and bankers for loan closings, reviewing advance requests on draw term and construction loans for compliance with SOP and execute advance requests from borrowers pursuant to terms and conditions of loan documentation, and maintaining compliance with ongoing portfolio management and credit policy and provide reporting support for portfolio compliance as needed.
- Also you will review loan documents to ensure compliance with Standard Operating Procedures and bank policy, prepare 4506T submissions and ensure results are reconciled to financial statements as a fraud prevention measure, prepare and submit ETran, SBA One and other credit submissions to SBA for Authorization, servicing action notices, and any other SBA requirements.
- Additionally, SBA Packaging and Closing Specialist are expected to prepare SBA loan documents (1920, 147, 148, 148L, 1050, Certifications, Authorizations, and others) in order to properly complete the SBA file requirements, review all due diligence items are in accordance with SBA SOP prior to submission for guaranty, and on non-delegated transactions, prepare and submit the 10-Tab for SBA Guaranty Origination.
- All associates are expected to maintain current knowledge and consistent compliance with regulations and bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.
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