Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
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Job Description:
At Regions, the SBA Closing Specialist responsible for managing the loan processing/closing process, from loan approval through booking and funding for SBA 7 (a), Express, and 504 government guaranteed loans. This will include working directly with and leading the coordination of SBA client borrowers, SBA Specialist, Assistants, internal staff, closing attorney firm, and applicable third parties (i.e. insurance companies) as required. The scope includes the collection, review, and approval of required documents, in addition to performing searches, preparing flood review packages, overseeing collateral perfection, and confirming satisfaction of equity requirements. Will be responsible for resolving any issues that come up during the closing process.
Primary Responsibilities
Review approved loan packages received from Underwriting to include credit memos, commitments letters, terms and conditions. Ensure critical components have been provided by the lending officer for the documentation process.
Set up third party engagements commensurate with credit approval, including but not limited to attorneys, real estate and business appraisers, etc.
Submit applications through the appropriate SBA systems (ETran and SBA One) for guaranty authorizations.
Prepare various loan documents for closing.
Confirm satisfaction of loan approval terms and equity requirements prior to closing.
Independently monitor 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.
Maintain currency with SBA SOP requirements, procedures, and changes.
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
High School Diploma or GED
Intermediate commercial credit knowledge including loan closings, legal documentation, construction financing, and exceptions.
Proficiency 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
Proficiency in use of computers, Microsoft Office (Excel, Word, Outlook)
Experience with commercial loan systems
Preferences
Two (2) years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience.
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
Skills and Competencies
Strong organizational skills and the ability to handle multiple tasks under tight time constraints
Strong communication and interpersonal skills.
Demonstrated effective verbal and written communication skills for the purpose of explaining the loan closing process, exceptions and associated legal documentation to internal, external clients and appropriate counsel
Position Type
Full time
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
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
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
