THE OPPORTUNITYThe position will work directly with lending officers, credit underwriting, attorneys and clients from time of approval through closing to ensure conformance to credit policy and regulatory requirements. In addition this position will assist the Closing Department Manager with various duties as outlined below. Performs all duties in accordance with the Company's policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.
HOW YOU'LL MAKE A DIFFERENCE- Individual is responsible for ordering and review of title work, searches, flood searches, insurances, IRS transcripts and other items as needed for the processing of the loan.
- Individual is responsible for the review of legal documentation (contracts, leases, corporate documents) for new SBA commercial loans.
- Apply the SBA Standard Operating Procedures as it relates to proper SBA 7(a) documentation.
- The individual will be responsible for ensuring that the loan is set up correctly on the commercial loan system for servicing and for following up on any post -closing documentation items.
- Duties include ensuring Credit is adhered to on all Closed Loans.
- Assist with various Loan Ops projects as needed.
- AVP, Loan Closer with updating and review of the Closing Guide.
- AVP, Loan Closer with backing up the construction project manager as needed.
- Assist with training and mentoring of new hires in the Closing Department.
- Backup the SBL Loan Closing Department Manager in other areas as needed.
- Follow all established policies and procedures.
- Perform other duties and projects as assigned.
WHAT YOU'LL BRING- Minimum 5+ years SBA 7(a) Commercial Loan Closing Experience
- College degree is preferred or equivalent experience
- Advanced Construction Lending knowledge
- Advanced knowledge of escrow, title, UCC, and lender due- diligence/verification processes
- Advanced knowledge of commercial loan processing, documentation, closing procedures, underwriting requirements, and terminology
- Strong knowledge of the SBA SOP's and requirements.
- Ability to manage multiple tasks/projects and deadlines simultaneously
- Possess strong analytical skills
- High School diploma or equivalent required
HOW WE'LL SUPPORT YOU- Financial Security: You will be eligible to participate in the company's 401k plan which includes a company match and immediate vesting.
- Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
- Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
- Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
- Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
SALARY RANGEThe base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.
