The SBA Packager/Closer reports to the SBA Operations Manager. Provides administrative support relative to SBA loan origination and closing process for SBA Bankers and other SBA loan producers. Primarily responsible for preparing, processing, documenting, funding and servicing SBA Loans in accordance with SBT credit policy. The position is largely that of a highly cross-trained generalist within the SBA lending specialty.
Essential functions (detailed tasks, duties and responsibilities)
In preparation for submission of loan packages to SBA must verify purpose, compliance regulations, collateral requirements, etc. and adherence to approval requirements.
Must review approved credit application packages to determine appropriate research necessary to ensure proper collateral position and verify LTV, review UCC searches, trust agreements, partnership agreements, etc. as required to close the SBA loan.
Advise and assist bankers with loan service actions and ensure compliance with SBA loan program requirements.
Works with SBA Department staff, State Bank bankers, outside attorneys and vendors and other internal departments to close and manage SBA relationships with the highest degree of SBA loan program compliance.
Timely processing includes performing UCC searches, ordering a variety of reports, such as flood certificates, etc., maintaining professional and positive customer relationships at all times, ordering preliminary title reports, researching insurance information, producing loan documents, responding to questions from clients and borrowers and following up as necessary.
Adhere to all SBA SOP's and related regulations
Create all new SBA loan files in accordance with SBT SBA filing standards, ensures files are properly imaged
During loan origination and closing process assist with customer, vendor and internal partner inquiries. Assists clients with problem resolution via research (billing, payment apps, statements, etc.).
Confirm all compliance requirements (CIP, BSA, PATRIOT Act, OFAC, CAIVRS, Sam.gov and Secretary of State status reflects Active/Compliance) are completed before closing as appropriate.
Coordinate with closing attorneys and CDP to provide required documentation as requested for loan document preparation.
Disburse loan proceeds per closing documents (wire, G/L tickets).
Post-closing review of loan packages for accuracy and transmittal to loan operations for booking.
Work to clear exceptions (collateral and insurance) with customer and closing attorney. Setup tickler system to follow up until exception has been cleared.
Ensure that imaging system is kept current by forwarding all new information for scanning.
Education and Experience:
Associate's degree (A. A.) or equivalent from two-year college or technical school; or six months to one year related experience and/or training; or equivalent combination of education and experience 2 years experience in a similar function and/or training; or equivalent combination of education and experience. Knowledge of lending and lending policies and procedures.
General business and financial knowledge. Knowledge of credit policies and standards; Strong knowledge of federal and state financial services regulations/compliance. knowledge of the bank's operations and management and products. Strong PC Skills.
The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled