Byline Bank Hiring for SBA Loan Closer (Remote Opportunity Available) Job at Schaumburg, IL Full Time

About us…

Byline Bank is a growing financial institution and we’re hoping you can join our team and grow with us!

Byline Bank is currently seeking an SBA Loan Closer to be responsible for ensuring compliance with SBA requirements, confirming satisfaction of approved credit requirements as well as recognizing and proactively resolving problems in the closing process to ensure accuracy and completion of all necessary loan documents. In this highly visible role, you will work closely with Loan Officers, credit department, clients, attorneys and brokers throughout the process to ensure the completeness and accuracy of all information.

About you…

Come work with us. Work in a place where hard work is rewarded. Where you make a real difference. Where the people you work with treat you like family – because that’s exactly what you are.

What you need to bring…

An interest in SBA Lending and Commercial Banking and working with people, building relationships and providing the best customer experience possible is essential to this role.

Loan Closer Core Responsibilities:

• Complete a detailed review of the loan approval to determine borrowers, guarantors, collateral and other required closing conditions. Requesting any needed corrections or additions to the loan approval.
• Ensure the accuracy of the loan file, including all packaging documents, satisfaction of credit conditions, and compliance with SBA lending requirements.
• Work directly with documentation attorney to ensure that the necessary loan documents are prepared and all legal requirements and recommendations are satisfied.
• Provide accurate, regular updates to clients, lenders and management.
• Audit loan file for completeness and to determine that all bank requirements and guidelines have been met or obtain the appropriate documentation to reflect approval of an exception to requirements.
• Review signed loan document packages to ensure that documents are correctly signed, all outstanding conditions have been received, or follows up to obtain missing documentation.
• Order loan documents after verifying that all prior loan document conditions have been met, submit loan documents for review and complete by provided signature or coordinating with the title company for signatures.
• Collect invoices and prepare internal closing statement ensuring all appraisal, environmental, title and other search fees are accounted for.
• Prepare accurate loan packages after closing for submission to the Bank’s Operation Department.
• Disburse loan proceeds and reconcile all invoices.

Requirements:

• Experience preparing SBA loan documents and completing SBA loan processing, including experience with due diligence related to SBA loans.
• Experience with commercial real estate, title work, surveys, construction lending & loan documentation preferred.
• Experience working directly with Commercial (C&I), Commercial (B&I), or SBA loans.
• Experience in identifying documentation risks, addresses, and /or negotiating them to resolution as well as determining when to elevate risk situations to the appropriate individuals.
• Knowledge of SBA 7a, 504 and CAPline programs, requirements, and loan documentation extremely helpful.
• Ability to multi-task in a fast-paced environment where priorities can shift frequently.
• Exceptional analytical, organization, problem solving and time management skills.
• Working knowledge of federal and state banking regulations.
• Working knowledge of Small Business Administration Standard Operating Procedures desired.
• Strong ability to work in a team based environment.
• Excellent verbal and written communication skills.
• Computer literate with proficiency in MS Office, Word and Excel.
• Strong analytic and reasoning skills.

Byline Bank is committed to providing equal employment opportunity and maintaining a workplace for employees and applicants for employment that is free from discrimination based upon age, race, religion, color, disability, marital status, gender, national origin, ancestry, ethnicity, sexual orientation, gender identity or expression, genetic information, veteran or military status, or any other status protected by applicable federal, state, or local law.

If you require a reasonable accommodation, due to a medical condition or disability, during any part of the application, please contact the human resources department to let us know the nature of your request.