Responsible for closing loans in compliance with Newtek and U.S. Small Business Administration policies.
Minimum 5+ years of loan closing experience for SBA and commercial loans. Demonstrate an in-depth knowledge of the SBA SOP as well as knowledge of the various SBA programs.
Ability to perform a thorough analysis of equity injection verification. Review all required loan terms and conditions as well as documentation for completeness.
Ability to review all legal searches, title report and internal reports, i.e., appraisals, environmental reports, and business valuations to ensure the reports are acceptable without discrepancies.
Review all SBA application, loan authorizations, SBA forms and draft legal documents for accuracy. Ability to communicate effectively and constructively with attorneys, underwriters, brokers, portfolio managers and borrowers to enable the loans to close efficiently.
Promote a team work environment and actively participate as a team player.
Demonstrate strong loan documentation skills by producing clear, structurally accurate loan documents to ensure conformance with credit and SBA requirements.
Ensure all terms and conditions of the loan have been satisfied as per the approved credit memo.
Process loan closings in a timely manner to meet or exceed customer expectations.
Contribute to the company’s overall production, portfolio performance and reputation while striving to meet or exceed individual goals. Maintain knowledge of all applicable SBA policies and procedures and company loan policy. Ensure that all activities and work functions follow compliance requirements and SBA regulations.
Knowledge of Laser Pro a plus. K
nowledge of all types of SBA loans, (7a, 504, lines of credit, Borrowing base lines), EDA loans, CEMA loans, commercial loans, participations/syndications and loan modifications.
Minimum 5+ years of loan closing experience for SBA and commercial loans.
In-depth knowledge of SBA SOP.
Knowledge of Laser Pro a plus.
Ability to work in a fast paced environment and adhere to strict deadlines.
About Newtek Business Services
We are an internally managed BDC that is a leading national non-bank lender that provides, together with our controlled portfolio companies, a wide range of business and financial solutions under the Newtek® brand to the SMB market. Newtek’s and its portfolio companies’ products and services include: Business Lending including SBA 7(a) loans, 504 loans and conventional loans, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), Technology Consulting, eCommerce, Accounts Receivable and Inventory Financing, personal and commercial lines Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll and Benefits Solutions to SMB accounts nationwide across all industries. We have an established and reliable platform that is not limited by client size, industry type or location. As a result, we believe we have a strong and diversified client base across every state in the U.S. and across a variety of different industries. In addition, we have developed a financial and technology based business model that enables us and our controlled portfolio companies to acquire and process our SMB clients in a cost effective manner. This capability is supp...orted in large part by NewTracker®, our patented prospect management technology software which is similar to, but we believe is better suited for our needs than, the system popularized by Salesforce.com. We believe that this technology and low cost business model distinguishes us from our competitors.
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