[Remote] Loan Closer
Note: The job is a remote job and is open to candidates in USA. NewtekOne, Your Business Solutions Company, is a financial holding company providing a wide range of business and financial solutions to the small- and medium-sized business market. They are seeking a Loan Closer responsible for ensuring loan closings comply with Newtek and U.S. Small Business Administration policies, while coordinating with various departments and maintaining communication with borrowers.
Responsibilities
- Work closely with origination, processing, underwriting, construction, legal and quality assurance departments to ensure loan closings are in compliance with Newtek and SBA policies
- Review loan approval letter and credit write-up, to establish the closing checklist in conformity with loan approval
- Work with borrower and Newtek attorney to obtain and review pre-closing requirements
- Keep in touch with borrower via phone calls minimum of two times a week and via email multiple times a week
- Order lien, judgement, bankruptcy, certificate of good standing, flood determinations upon receipt of good faith deposit
- Coordinate with attorney any loan modifications necessary that arise during the closing process for attorney submission to Underwriting
- Collect and review pre-closing requirements and keep management informed of progress to loan closing; make best efforts to collect all pre-closing requirements at least five (5) business days before proposed closing date
- Prior to scheduling loan closings, ensure all internal departments closing requirements have been cleared for closing
- Order site visits prior to closing
- Update all applicable data systems as to any activity on loan
- Track expenses for each individual loan
- Prepare funding documentation
- Other duties as assigned
Skills
- Good understanding of Title Reports, Searches, Insurance, Mortgage, UCC, and lease documentation
- Proficient with file management, spreadsheet, word processing, database and PDF software
- Strong organizational, verbal and written communication skills
- Ability to establish and maintain effective business relationships
- Ability to manage a large volume loan queue
- Ability to meet tight deadlines
- Bachelor's degree in Finance, Business or other related field
- SBA Loan Closing experience preferred
- Finastra LaserPro experience preferred
Company Overview