SBA Loan Closer
Company: ConnectOne Bank
Location: Englewood Cliffs
Posted on: February 1, 2025
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Job Description:
Description: About us:ConnectOne Bank proves that putting people
first is a better way to do business. At ConnectOne, we're builders
- of businesses, communities, and equity. Most importantly, we're
building opportunities. Our mission is to ensure our employees feel
empowered to make important decisions, reach their potential and
truly make an impact.ConnectOne is a growth organization by design;
it is part of our DNA and we take pride in seeing our employees
grow with us. Founded in 2005 by an entrepreneur, we have grown
into a high-performing commercial bank, inspiring a new model for
our industry's future. By embracing technology and all the ways it
can help us become a world-class service organization, we support
small business owners by fueling their mission. People First is the
blueprint for our culture. It is at the foundation of everything we
do and the decisions we make. At ConnectOne, you have the
opportunity to be a part of a dynamic culture and team. Develop
your forward-thinking skills, thrive in an entrepreneurial setting,
and succeed at a better place to be. ConnectOne Bank is an Equal
Housing and Equal Opportunity Lender, and a member of the Federal
Deposit Insurance Corporation.About this role:The SBA Loan Closer
will support the bank's SBA program by handling the necessary
transactions needed to close and book approved SBA loans in
accordance with the Bank's policies and procedures, the SBA SOP and
the SBA Loan Authorization.In this role you will: Support the
Bank's client first focus and rules of engagement-maintaining a
professional demeanor, working as an active member of the CNOB
team, providing clients excellent service, always striving to make
CNOB A Better Place to Be;Administer loans from origination through
settlement and full funding in accordance with Bank policies,
procedures, the SBA SOP, the SBA Loan Authorization and other
pertinent regulatory requirements. Analyze internal bank loan
approvals to determine required due diligence and documentation for
each loan transaction;Collect, audit, and examine all documents
essential for loan closing, not limited to tracking, engaging and
confirming compliance of all third-party reports, e.g., real estate
appraisals, environmental reports, business valuations, franchise
reports and agreements, flood certification and UCC searches,
filings, title reports, etc.Ensure all collateral evaluations are
ordered and reviewing of same to clear issues;Review and ensure all
required insurance, including flood, is sufficient and in
compliance with regulations;Prepare internal pre-closing and
post-closing checklist;Package application information to prepare
SBA Loan Submission to obtain SBA loan approvalTrack and fund
Guarantee Fee to meet SBA requirementsAct as liaison with lender,
bank counsel and title companies;Review loan documentation to
ensure compliance with loan approval and policy and ensure that all
standard provisions are included and are not compromised;Coordinate
receipt of closing requirements with internal departments, lender,
bank counsel, borrower, and borrower's counsel;Confirm that all
conditions within the approval have been met and scheduling
closing; Account for all fees and charges due within each loan file
to minimize loss or missed fee reimbursement. Prepare booking sheet
and reviewing loan after it is booked into the system of
record;Ensure that all loans are closed without material,
administrative or compliance exceptions;Follow up and clearing loan
documentation exceptions, approved post-closing documentation, and
filed and recorded documents.Maintain pipeline and process approved
loans in a timely manner;Ensure that all communications with
clients are positive. Escalate any issues as needed to the
appropriate party and taking ownership and following up as
necessary until conclusion.Process and review administrative
actions for existing loans including loan modifications, collateral
changes, and E-Tran updates.Assist with multi-disbursement loan
advances, obtain all supporting documentation necessary to maintain
SBA compliance with disbursements, and process disbursements of
loan proceedsMust haves: Knowledge of SBA loan closing and
documentation procedures;Knowledge of commercial loan documentation
procedures, title policies, appraisals, environmental assessments
and entity formation documents;Knowledge of various federal
regulations including Bank Secrecy Act, Community Reinvestment Act,
Americans with Disabilities Act, Right to Financial Privacy Act,
Gramm-Leach-Bliley Act, Regulation E and US PATRIOT Act.Knowledge
of processing underwriting and/or closing procedures/federal
lending regulations governing real estate lending.Excellent
communications, planning, customer service, organization and
interpersonal skills to deal effectively with customers, bank
attorneys and bank personnel.Thorough understanding of SBA Standard
Operating Procedure.Five plus years of experience as SBA Loan
Closer. Bonus Points For:Experience closing SBA 7a Loans
nationwide.Paralegal Certificate or 2 year Associate Degree in
Paralegal Studies Additional informationBenefits:World class
health, vision, and dental benefits on day one401k with employer
matchHybrid work from home (depending on role)Employee appreciation
events (team building, softball games, food truck days,
etc..)Employee assistance programs (EAP)Wellness programs (flu
shot, preventive care, health programs and services discounts,
etc..)Tuition reimbursement Employee Discount perksCNOB Community
Service Events---.and much, much more!Studies have shown that
individuals from underrepresented groups, may only apply to roles
if they meet 100% of the qualifications. Roles evolve over time,
especially with innovation, and you may be just the person we need.
We hope you're open to learning new skills and growing with us. We
encourage you to apply to continue making us a better place to
be!ConnectOne Bank is an equal opportunity employer and does not
discriminate with respect to any term, condition or privilege of
employment based on race, color, religion, sex, sexual orientation,
gender identity or expression, age, disability, military or veteran
status, marital status, or status of an individual in any group or
class protected by applicable federal, state, or local
law.ConnectOne Bank also provides reasonable accommodations for
qualified individuals with disabilities in accordance with the
Americans with Disabilities Act and applicable state and local
laws. If an accommodation is needed to participate in the job
application or interview process, please contact Talent
Acquisition.Requirements:PI397ebed24757-25660-36505197
Keywords: ConnectOne Bank, Tenafly , SBA Loan Closer, Other , Englewood Cliffs, New Jersey
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