Regions Bank · 8 hours ago
SBA Closing Specialist- CBG Operations (Remote Opportunity)
United States
Full-time
Remote
Mid, Senior Level
$67K/yr - $85K/yr
6+ years expRegions Bank is committed to providing a performance-driven environment for its associates. The SBA Closing Specialist will manage the loan processing and closing process for various government guaranteed loans while coordinating with clients and internal teams to ensure all documentation is accurate and compliant.
BankingInsurance
Responsibilities
Reviews approved loan packages received from Underwriting to include credit memos, commitment letters, terms and conditions to ensure critical components have been provided by the lending officer for the documentation process
Manages the most complex transactions, requiring a high degree of autonomy and the ability to draw upon expertise and knowledge in the SBA documentation process
Accurately and quickly determines documentation requirements based on SBA SOP and Regions Credit Policy guidance
Creates and maintains the closing checklist
Trains and mentors more junior team members
Monitors Closing Team Portfolio for assignments and peer reviews
Coordinates and leads communications with the borrower, SBA Specialist, Assistants, internal staff, and closing attorneys
Sets up third party engagements commensurate with credit approval, including but not limited to attorneys, real estate and business appraisers, etc
Identifies, requests, and reviews critical documents related to entity searches, UCC searches, flood determinations, construction financing, and other required supporting documentation and has authority to resolve key issues related to these pieces
Submits applications through the appropriate SBA systems (ETran and SBA One) for guaranty authorizations
Prepares various loan documents for closing
Prepares or coordinates the preparation of legal documents in response to issues discovered during the closing process to mitigate risks associated with SBA or Regions Program requirements
Confirms satisfaction of loan approval terms and equity requirements prior to closing
Ensures post-closing booking, funding, and title searches are properly administered and documented
Independently monitors loan packages throughout the process to identify potential risks related to the effective and efficient processing of the loan and to protect the Bank's interests
Maintains currency with SBA SOP requirements, procedures, and changes
Qualification
Required
High School Diploma or GED
Six (6) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience
Advanced commercial credit knowledge including loan closing, legal documentation, construction financing, and exceptions
Expertise in reviewing insurance, title work, surveys, collateral, lien filings, appraisals, construction due diligence, and environmental reports
Experience working with commercial sales associates, underwriters, paralenders, insurance firms, and attorneys
Expertise in use of computers, Microsoft Office (Excel, Word, Outlook)
Experience with commercial loan systems
Preferred
Advanced knowledge of SBA's SOP requirements and regulations with ability to work on the most complex loan files
Specialized training in title, real estate, government programs (SBA), and specialized lending programs
Experience with nCino and/or related Salesforce platforms
Experience with SBA systems (ETran, SBA One, TSOFT)
Experience with LaserPro
Bachelor's degree or certification as a paralegal
Benefits
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Company
Regions Bank
Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.
10001+ employees
H1B Sponsorship
Regions Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (24)
2024 (40)
2023 (41)
2022 (42)
2021 (32)
2020 (30)
Funding
Current Stage
Late StageTotal Funding
unknown2018-04-06Acquired
Leadership Team
Brian Happel
Executive Vice President and Fort Worth Market CEO
Daniel Hobbs
Executive Vice President, Head of Corporate Finance and Business Lines CFO
Recent News
2024-04-30
Business Journals
2024-04-28
Company data provided by crunchbase