SBA LOAN CLOSING COORDINATOR

Eagan, Minnesota, United States
Full-time
Posted

Description

Overview:
Old National Bank is honored to be named one of the World's Most Ethical Companies for the 11th consecutive year!

Old National Bank was established in 1834. Today, we are the largest financial services holding company with dual headquarters in Chicago and Evansville, IN. We provide an array of services to our clients which include Community Banking, Investments, and Wealth Management. At Old National, we believe that by helping our team members balance work life with home life, we create a more productive workforce and a stronger company.


Old National is currently seeking a SBA Loan Closing Coordinator. This position is responsible for reviewing, documenting, closing, and disbursing financings for complex Commercial, commercial real estate OR asset-based financings for SBA loans. Functions include reviewing the most complex legal, appraisal, and title information, preparing loan documentation, coordinating loan closings, initiating loan disbursements and monitoring the disbursement process, and ensuring that all files and procedures are in compliance with government regulations and company policies. Reviews and books agent syndication loans as well as loans prepared by outside counsel. Identifies and mitigates risk in accomplishing business goals. May provide technical and legal guidance to lower level staff. May act as a liaison with relationship managers and legal department.


Key Accountabilities

  • Responsible for reviewing loan file and determining due diligence and documentation required close and fund the loan
  • Order and review third party reports including title work, UCC searches, IRS 4506, corporate entity searches
  • Review loan approval documents and determine steps needed to close loan in accordance to Bank and SBA policies
  • Work directly with client, Lender, attorneys, and team to resolve due diligence issues prior to loan closing
  • Document loan and prepare loan packages. Coordinate loan closing with Lender and client.
  • Post-closing responsibilities include proper booking of loan, disbursement of all loan proceeds in accordance the SBA guidelines, ensuring all liens are perfected, following up on title policy, ensuring that loan file is fully documented and in order.
  • Ensure timely resolution of any Quality Assurance items identified in Loan Reviews
  • Maintain proficiency in SBA SOP requirements and Bank policies

Qualifications and Education Requirements

  • 3+ years of loan administration experience, loan servicing experience, or a combination of both.
  • Excellent verbal, written, and interpersonal communication skills
  • Strong attention to detail and accuracy
  • Advanced Microsoft Office skills

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.


As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.


We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the head of Talent Acquisition,SVP, to fill a specific position

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