IBusiness Funding is a technology company focused on our mission to provide working capital to small and medium sized businesses in an efficient and transparent manner. We are committed to our four values of success: innovation, integrity, enjoyment, and family.

Our parent company is a top 15 SBA 7(a) preferred lender with SBA express and small loan capabilities.

Position Description:

We are looking for an SBA Loan Closing Specialist to join our dynamic and growing team. You will be reviewing SBA 7A applications for our small loan and SBA express products. Your responsibilities include:

• Process approved loan applications in accordance with applicable policies, SBA SOPs, state and local lending laws.
• Perform due diligence on loan file and documentation received.
• Review and analyze items received to ensure file is accurately documented to perfect liens security interest.
• Ability to prepare, review and make determinations on acceptability of loan closing documents. Interact with closing counsel and deal team to obtain necessary documentation required for loan file and to accomplish accurate and timely closing/funding of loan transactions in accordance with credit approval memorandums.
• Communicate and interact regularly with federal and state regulators and agencies.
• Exhibit expertise on the content of standard loan closing documents and answer customer generated questions.

Essential Duties and Responsibilities:

• Administer construction loan portfolio. Coordinate the processing of loan advances and interest reserve payments
• Construction monitoring of SBA 7a loans
• Set up Excel workbooks with loan specific draw schedules for all projects
• Coordinate site inspection for loan draws relating to the construction loans
• Ability to establish draw schedule and budget tracking using the credit memo based on the requirements of the loan approval, loan documents and construction contract
• Careful review of draw requests to identify possible budget problems, and elevate to supervisors with recommendations for resolution
• Review inspection reports and draw documents for accuracy, and conformity with the budget, loan approval, and loan agreement
• Updated ledgers, budgets and funding log
• Understand of AIA construction documents, and the ability to identify and elevate issues contract to documentation
• Coordinate ordering of IPR requests from funds controls companies
• Assist in the management and tracking of the efficient throughput of loans within the department
• Project and budget reviews, pre-closing, structuring and restructuring of loans when needed

Qualifications for Success:

• Must have SBA Construction experience
• Bachelor’s degree preferred.
• Paralegal Certificate preferred.
• Minimum of 3 years of commercial mortgage lending experience and/or relevant work experience in a functional role required or equivalent combination of education and experience.
• 3 years of experience as an SBA loan closer preferred.
• Knowledge of the SBA SOP.
• Basic credit skills required.
• Ability to prioritize and operate with a sense of urgency.
• Strong verbal and written communication skills.
• Organized, detail-oriented, and able to multi-task.
• Ability to work collaboratively with multiple stakeholders.
• Ability to answer loan document related questions from borrowers and referral sources.

Physical Demands:

The physical demands of the position are typical of those found in a traditional office environment. Employees will not need to walk significant distances nor lift substantial weight. Employee will need to be able to remain seated at a desk for 8-9 hours in a typical workday.

Conclusion:

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information or any other characteristic protected by law.