SBA & USDA Closing Specialist (SBAUS012857)

This job was posted by https://www.arjoblink.arkansas.gov : For more

information, please see: https://www.arjoblink.arkansas.gov/jobs/4448276

The SBA & USDA Closing Specialist is responsible for all aspects of SBA

& USDA loan closings, process all draw requests (including construction,

funding, managing the SBA Pass-thru GL/Account).

Essential Duties And Responsibilities

1\. Review of the Credit Memo/LOM for accuracy and any changes

(Addendums) needed. This duty is performed daily, about 50% of the time.

2\. Prepare the closing checklist for the borrower &/or loan officer.

This duty is performed daily, about 25% of the time.

3\. Notate any exceptions (check/include on the LOM). This duty is

performed daily, about 10% of the time.

4\. Enter the loan/package into SBA One/ETran/Wizard to obtain the SBA

Authorization. This duty is performed weekly, about 25% of the time.

5\. Send 327 Action Notices for any changes/addendums to the SBA

Authorization. This duty is performed weekly, about 10% of the time.

6\. Review the loan application and supporting documentation, request

updated documents if needed. This duty is performed daily, about 25% of

the time.

7\. Send updated documents to the credit analyst to update the

file/credit memo &/or addendum. This duty is performed weekly, about 25%

of the time.

8\. Engage Closing Attorney &/or Title Agent (if real estate is

included). This duty is performed weekly, about 25% of the time.

9\. Order appraisal through RIMS, Environmental, Survey, Title (any due

diligence reports). This duty is performed weekly, about 25% of the

time.

10\. Review the Commitment Letter/Conditions for accuracy. This duty is

performed weekly, about 10% of the time.

11\. Review the Credit Memo (and any Addendums) and updated Conditions,

add to closing process. This duty is performed daily, about 10% of the

time.

12\. Work directly with the borrower, guarantors and loan officers to

keep them updated. This duty is performed weekly, about 25% of the time.

13\. Schedule the loan closing (include the loan officer). This duty is

performed weekly, about 20% of the time.

14\. Research UCCs, Liens, etc (verify with closing attorney). This duty

is performed daily, about 25% of the time.

15\. Clear any 912 issues, liens, UCCs (ensure First lien position on

business assets). This duty is performed monthly, about 25% of the time.

16\. Collect all supporting documentation from the borrower/guarantors

(invoices, receipts, etc). Scan file into OnBase (Fortis). This duty is

performed daily, about 10% of the time.

17\. Verify Cash Injection or equity injection. This duty is performed

daily, about 20% of the time.

18\. Order appraisal on any personally owned properties offered as

collateral and monitor Construction projects. This duty is performed

monthly, about 25% of the time.

19\. Completes required BSA/AML training and other compliance training

as assigned. This duty is performed as needed.

20\. Ensure Loan Covenants are included the Loan Agreement per the

Credit Memo/Conditions. This duty is performed weekly, about 25% of the

time.

21\. Maintain GL Account (SBA Pass-thru), originate or approve wires for

closings/draws. This duty is performed monthly, about 25% of the time.

22\. The ability to work in a constant state of alertness and in a safe

manner. This duty is performed daily.

23\. Engage site inspection vendor/provider, as needed, for draw

requests. This duty is performed monthly, about 25% of the time.

24\. Audit cashier checks/keep log. This duty is performed monthly,

about 5% of the time.

25\. Keep up to date on WSJ Prime/rate changes (update the Credit Memo &

SBA Authorization). This duty is performed monthly, about 10% of the

time.

26\. Perform any other related duties as required or assigned.

Qualifications

To perform this job successfully, an individual must be able to perform

Each Essential Dut Mentioned Satisfactorily. The Requirements Listed

below are representative of the knowledge, skill, and/or ability

required.

Education And Experience

Broad knowledge of such fields as accounting, marketing, business

administration, finance, etc. Equivalent to a four year college degree,

plus 3 years related experience and/or training, or equivalent

combination of education and experience.

Communication Skills

Ability to read, analyze, and understand general business/company

related articles and professional journals; Ability to speak effectively

before groups of customers or employees. Abili