The Manager, Loan Closing is responsible for supporting lending and loan operations, day to day service and the timely closing of loans within compliance guidelines. Responsible for upkeep of documentation and other administrative duties.
Successful candidates must be highly organized, collaborative by nature, possess emotional intelligence and patience. The role calls for detailed work and methodical decision-making.
Major Job Duties and Responsibilities
Reviews credit application for adherence to credit policy by verifying purposes, lending authority, compliance regulations, collateral requirements, etc.
Reviews approved credit application packages to determine appropriate research necessary to obtain proper collateral position.
Conducts UCC searches, reviews trust agreements, partnership agreements, etc. as required. Orders and reviews: appraisals when required, title work, surveys, equipment and real estate evaluations, flood checks, as well as other reports and information necessary to verify and value potential collateral. File and perfect UCC liens on business assets as required.
Evaluates all reports and information received with respect to collateral evaluation and verification to determine if terms and conditions will be met.
Produce closing checklists to maintain the quality of loan production.
Prepare check requests for disbursements.
Checks documents for proper vesting, legal descriptions closing dates and signatures.
Ensure payment of SBA guaranty fees have been property documented.
Work closely with relationship managers and CFO to meet all loan closing conditions as dictated by internal and external policies, procedures and regulations
Oversees proper disbursements of SBA loans and works with staff to create/maintain appropriate loan files.
Generate and review loan documents for accuracy and compliance to the associated loan program
Conduct closing meetings and explain loan conditions and responsibilities to borrowers
Meet with clients on an as-needed basis
Create client accounts in loan servicing system database and database entry in Salesforce.
Requires a Bachelor's degree (B.A.) from four-year college or university with emphasis in economics, computer science, statistics, math or business or equivalent lending experience.
At least four years of lending experience required. Business lending experience strongly preferred.
At least two years experience in a risk management position, strongly preferred.
Experience with credit scoring analysis, strongly preferred.
KNOWLEDGE, SKILLS AND ABILITIES
Commitment to helping small business owners succeed and has a passion for the mission of Main Street Launch;
Good people skills with experience collaborating with a multi-disciplinary, diverse, and dynamic team;
Influencing Others – can establish meaningful connections with multiple stakeholders to affect positive outcomes;
Must be able to work cross functionally to complete projects and prioritize workload with minimal supervision.
Strong relationship building and leadership skills;
Customer service orientation with the ability to solve complex issues in a changing environment;
Ability to work under pressure with attention to detail and accuracy;
Decision making, independent thinking and initiative; self-motivator;
Extensive knowledge of credit underwriting, basic accounting and loan documentation;
Extensive knowledge of business lending;
Proficient PC skills using Microsoft Word, Excel and Outlook; Salesforce
Excellent math skills;
Ability to prioritize work with an eye toward efficient process flow and organizational connectivity;
Excellent organizational and administrative skills;
Ability to write reports and business correspondence;
Ability to effectively present information and respond to questions
All full time employees are eligible for generous medical, dental, vision, paid time-off and 401(k) benefits.
Main Street Launch will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance.