SBA Loan Closing Coordinator

Old National Bank•Eagan, MN

2d•$26 - $42

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. SBA Closing Coordinator is part of the Old National Bank SBA Group and is responsible for reviewing, documenting, closing, and disbursing financings for complex Commercial, commercial real estate OR asset-based financings for SBA loans. Functions include reviewing the most complex legal, appraisal, and title information, preparing loan documentation, coordinating loan closings, initiating loan disbursements and monitoring the disbursement process, and ensuring that all files and procedures are in compliance with government regulations and company policies. Reviews and books agent syndication loans as well as loans prepared by outside counsel. Identifies and mitigates risk in accomplishing business goals. May provide technical and legal guidance to lower level staff. May act as a liaison with relationship managers and legal department.

Requirements

Bachelor’s Degree strongly preferred and/or H.S. Diploma or GED with equivalent experience
Prior Commercial loan processing experience, SBA preferred
Thorough and deep demonstrated understanding and knowledge of SBA 7a guaranteed loan program requirements
Excellent written and oral communication skills; able to communicate effectively with all levels in and outside of the organization
Demonstrated willingness to learn, implement feedback and act.
Demonstrated ability to develop strong working relationships with clients and internal partners
Demonstrated client service experience required (phone and face-to-face); track record of client interactions and proactive solution development
Ability to work with multiple matters simultaneously, managing time in a fast-paced environment and applicable resources to ensure work is completed efficiently and within established timeframes; manage projects efficiently and effectively
Strong problem-solving and critical thinking aptitude; thorough and timely follow-up skills with the ability to make independent decisions based on researched conclusions
Methodical thinker and well organized with excellent time management skills
Client focused disposition
Thrive in both working independently and in a close, collaborative team environment

Responsibilities

Responsible for reviewing loan file and determining due diligence and documentation required close and fund the loan
Order and review third party reports including title work, UCC searches, IRS 4506, corporate entity searches
Review loan approval documents and determine steps needed to close loan in accordance to Bank and SBA policies
Work directly with client, Lender, attorneys and team to resolve due diligence issues prior to loan closing
Document loan and prepare loan packages. Coordinate loan closing with Lender and client.
Post-closing responsibilities include proper booking of loan, disbursement of all loan proceeds in accordance the SBA guidelines, ensuring all liens are perfected, following up on title policy, ensuring that loan file is fully documented and in order.
Ensure timely resolution of any Quality Assurance items identified in Loan Reviews
Maintain proficiency in SBA SOP requirements and Bank policies