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SBA Loan Packaging & Closing Specialist II

Company: Home Trust Banking Partnership
Location: Asheville
Posted on: March 19, 2023

Job Description:

Job Summary

Under general guidance, this position is responsible for the loan processing (packaging and closing) of all SBA and USDA loans. This role will work closely with the SBA Lending team, attorneys, third-party vendors, and other internal departments to process, close, and manage the SBA relationships with the highest degree of SBA loan program compliance. The incumbent will provide administrative support relative to SBA loan origination and closing process and spearhead communication with clients, borrowers, brokers, government entities, and other third parties exercising discretion and judgment.

Key Responsibilities / Essential Functions

* Assists the SBA Lending Relationship Manager with the Commercial Loan Pipeline (CLP) record after the initial entry by the Relationship Manager, and monitors and updates status through each phase of process.
* Assists in the collection and review of required application and financial documents to establish the packaging checklist and Ten-Tab loan file organization.
* Drafts, reviews, and manages the SBA Processing (Packaging and Closing) Checklist, SBA Forms including 1919 and 1920's, draft Authorizations, and Loan Commitment Letters with assistance as needed from the Sr. Packaging and Closing Specialist, Team Lead, or Operations Manager.
* Reviews approved SBA and/or USDA credit application package to determine appropriate due diligence and documentation necessary to ensure proper collateral position and compliance with the Authorization and applicable SOPs with assistance as needed from the Sr. Packaging and Closing Specialist, Team Lead, or Operations Manager.
* Packages, processes, and submits loan files and packages for various types of loans including GP and PLP loans.
* Updates CLP as items are completed, utilizing closing checklist, and provides frequent status updates to Borrower and SBA Relationship Manager.
* Engages HomeTrust Bank approved counsel for loan documents, coordinates ordering of UCC searches and title work, and reviews all UCC searches, title work, and final draft loan documents for accuracy and adherence to bank approval and SBA Authorization prior to closing.
* Approves and disburses funds per the final approved Settlement Statement, including verifying wiring instructions and initiating wires for disbursements, ensuring CLP is up to date for on-boarding.
* Participates and contributes to weekly departmental and pipeline meetings.
* Performs a post-closing review of original executed loan documents, and compiles and sends to SBA Loan Servicing for onboarding with complete Ten Tab.

Job Requirements


* High school diploma or equivalent required


* 2 + total years of loan processing experience with 1 + years being specific SBA packing/closing.
* Experience in reviewing property, liability, and flood insurance policies.
* Experience with SBA programs, E-Tran, processing requirements, and the Standard Operating Procedure as it pertains to job functions.
* Communicatively strong in conversational interactions and conflict resolution.
* Proficient with Microsoft Office (including Excel), SharePoint, and ShareFile.
* Above average communications skills with emphasis on listening and problem-solving skills.
* Demonstrated ability to handle multiple tasks simultaneously and exceptional organization skills.
* Ability to understand and use bank policies and procedures to ensure operational efficiency and regulatory compliance in conjunction with the SBA's Standard Operating Procedures and USDA's Policies and Procedures.
* Ability to prioritize duties and work independently.
* Self-motivated with excellent attention to detail.
* Ability to meet designated deadlines while remaining flexible to changing assignments.
* Must be able to work in a team environment and contribute to building a positive team atmosphere.


* Bachelor's degree in Finance, Business Administration, or Operations Management.

About HomeTrust Bank

HomeTrust Bank, founded in 1926, is a North Carolina chartered, community-focused financial institution committed to providing value-added community banking through online/mobile channels and multiple locations in Virginia, North Carolina, South Carolina, and Tennessee. Learn more at Apply today to take your first steps towards joining this talented population of employees within a growing organization.

Work Environment, Physical Requirements

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. HomeTrust Bank promotes an equal employment opportunity workplace which includes reasonable accommodation of qualified applicants and employees.

* This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines.
* Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.
* Physical activity requiring reaching, sifting, lifting up to 25 lbs., finger dexterity, grasping, feeling, repetitive motions, talking and hearing are required.
* The employee will frequently communicate and must be able to exchange accurate information with others.
* The employee may need to move around their office to attend meetings and to access files, machinery or other job-related tools.

DISCLAIMER: HomeTrust Bank is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

HomeTrust Bank values and promotes diversity and inclusion in every aspect of our business and at every level within the company. We recruit, hire, and promote employees based on their individual ability and experience and in accordance with Affirmative Action and Equal Employment Opportunity laws and regulations. Our policy is that we do not discriminate on the basis of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, physical or mental disability, pregnancy, marital status, status as a protected veteran, or any other status protected by federal, state, or local law.

Keywords: Home Trust Banking Partnership, Asheville , SBA Loan Packaging & Closing Specialist II, Other , Asheville, North Carolina

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