Bank - SBA Loan Closing Communications Specialist

Position: SBA Loan Closing & Communication Specialist Reports To: Senior Vice President, Group Leader Location: 7450 Campus Drive, Suite 210, Colorado Springs, CO 80920 Remote: ☐ YES or ☒ NO Exempt: ☐ Non-exempt: ☒ Compensation & Benefits: $75,000 to $115,000, plus bonus eligibility BANK19 offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Life and AD&D coverage, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan. Role Overview The SBA Loan Closing & Communication Specialist plays a vital role responsible for preparing and reviewing all loan documentation for SBA 7(a) and 504 transactions. This individual ensures that every loan adheres to Bank policies, SBA Standard Operating Procedures (SOPs), and the intent of the internal loan approval. This specialist is the primary point of contact for the client, managing communication throughout the process, facilitating loan closings, and ensuring collateral perfection. This role handles documentation from routine to complex and is crucial for meeting all due diligence requirements. Essential Duties Serve as the primary communication lead through phone calls and email with the SBA team, clients, and internal stakeholders to proactively manage expectations and timelines. Prepare comprehensive SBA loan closing documentation packages strictly following SBA SOPs and internal lender policies. Collaborate effectively with third-party vendors including legal counsel, title/escrow companies, insurance agents, and consultants to ensure accuracy and completeness of all documentation. Confirm all loan eligibility requirements, borrower and guarantor documentation, and collateral requirements are met. Coordinate the execution of loan documents with borrowers, ensuring proper notarization and timely delivery. Review approved SBA loan files to confirm all required documents and conditions have been satisfied prior to closing. Ensure all required SBA forms are completed and submitted accurately and timely by performing processing and closing functions, ensuring all due diligence requirements for each loan are met. Submit loan data and documentation to SBA/E-Tran for authorization and funding. Validate closing figures and reconcile disbursements with internal teams and settlement agents. Maintain detailed closing checklists and comprehensive file documentation for post-closing review and audit readiness. Regular, reliable and predictable attendance is an essential function of this role. Perform other duties as assigned. #J-18808-Ljbffr