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Loan Closer - SBA Lending

Overview

At Texas Capital Bank, we are driven by a single-minded and unwavering mission: to serve business and the individuals who run them. We use a consultative approach and innovative technologies to develop new ideas that give the bank and our clients a competitive advantage. We partner with our customers to push the boundaries of what’s possible—together.

Headquartered in Dallas, Texas Capital Bank has offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, and we serve clients in a variety of industries from coast-to-coast. 

 

We are on the Forbes Best Banks in America list, and were named a top place to work by The Dallas Morning NewsHouston Chronicleand San Antonio Express-News. For further information, please visit us at www.texascapitalbank.com.

Responsibilities

  • Disburse the loan proceeds in accordance with the SBA Loan Authorization
  • Work closely with third party monitoring company that is chosen by the bank to assist in the post-closing disbursements and inspections of the construction projects
  • Perform the necessary processing and closing requirements for all SBA 7(a) and SBA 504 loans
  • Responsible for the accuracy of the loan file(s), including all packaging documents, satisfaction of credit conditions, and compliance with SBA Lending requirements as stated in the SBA SOP 50 10
  • Order third party reports as necessary, including appraisal report, environmental report, business valuation, UCC searches and corporate entity searches
  • Create SBA Loan Authorization according to the approved Credit Authorization and SBA guidelines
  • Responsible for reviewing various documents, such as the real estate purchase contract, business acquisition contract, letter of intent, lease (real estate and business personal property), subordination agreement, title commitment and lien searches as they pertain to a specific loan closing
  • Work with loan operations to ensure that the SBA guaranty fee is paid in a timely manner
  • Ensure all processing and closing documents are prepared and executed according to SBA guidelines
  • Responsible for preparing post-closing disbursements
  • Responsible for making sure that all post-closing items are obtained and in accordance with the closing instructions and loan approval. This may include the completion survey, title policy, searches, insurance, certificate of occupancy, final lien waivers and required business licenses

Qualifications

  • High school education or equivalent
  • One to three years related experience, preferably in a banking environment with proven SBA loan closing and customer service skills
  • Must possess a general understanding of SBA loan processing, closing and funding procedures
  • Training in office practices with additional SBA and NAGGL courses preferred.
  • Familiarity with PC and mainframe lending software applications
  • Ability to multi-task
  • Good organizational, interpersonal communications and customer relations skills are required
  • Attention to detail for accurately performing tasks and tolerating frequent interruptions
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