Senior SBA Closing Specialist

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🍂 Massachusetts – Remote

🍂 Massachusetts – Remote

💵 $107.1k - $133.8k / year

⏰ Full Time

🟠 Senior

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Leader Bank

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2002

🛡️ Insurance

🏦 Banking

💸 Finance

Insurance • Banking • Finance

Leader Bank is a Massachusetts-based community bank with a national reach that offers personal, small business, and commercial banking products and lending solutions. It provides checking and savings accounts, high-yield CDs, mortgages and home-equity lending, commercial and SBA loans, cash management and deposit services (including ZDeposit), and insurance through Leader Insurance. The bank emphasizes personalized, community-focused service, digital banking features, and tailored solutions for homeowners, businesses, landlords, and real estate professionals.

📋 Description

• Manage the SBA loan closing process from approval through funding, booking, and post-closing resolution • Conduct end-to-end loan file reviews, including Credit Memos and Commitment Letters • Raise clarification questions and maintain required SBA forms and closing checklists • Complete Master Checklists and rename documents for closing readiness and compliance audits • Review and obtain due diligence reports, including SAM, OFAC, CAIVRS, and Flood reports • Process SBA approvals through ETRAN and pay SBA guaranty fees as required • Update nCino with accurate dates, borrower information, and loan details • Follow up with BDOs and Underwriters to obtain change memos and maintain system accuracy • Update Chatter with condition status, loan term changes, booking, and post-closing tracking notes • Engage attorneys and coordinate with borrowers, third parties, and internal teams • Assist with clearing pre-closing conditions and verify equity injections • Finalize Sources and Uses and engage construction oversight companies when applicable • Coordinate DDA setup and communicate closing status and missing documents • Coordinate closing dates and review draft closing documents • Prepare internal closing documents and assemble complete closing packages • Create and circulate funding sheets for internal approval • Review executed closing documents, process funding, and ensure proper disbursement • Book SBA loans and clear booking exceptions with Loan Servicing • Resolve QC audit and post-closing exceptions • Track original executed closing documents and confirm receipt • Facilitate borrower introductions to internal relationship partners post-closing

🎯 Requirements

• Ability to interpret and apply SBA SOPs, bank policies, and internal procedures • Strong organizational and time-management skills with the ability to manage multiple loans and deadlines simultaneously • Excellent written and verbal communication skills • Ability to coordinate with internal teams, legal counsel, third parties, and borrowers • Proven ability to identify discrepancies, raise clarification questions, and resolve issues proactively • Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field required, or equivalent combination of education and relevant banking or lending experience • Minimum of 3–5 years of experience in commercial loan closing, SBA loan processing, loan operations, or a related banking function • Demonstrated experience with SBA 7(a) and/or SBA 504 loan programs • Experience with SBA forms, ETRAN processing, guaranty fees, and compliance requirements • Strong working knowledge of loan documentation, credit approvals, commitment letters, and closing conditions • Experience reviewing loan files for accuracy, completeness, and regulatory compliance • Proficiency in loan origination and servicing systems, such as nCino or similar platforms • Working knowledge of due diligence requirements, including OFAC, SAM, CAIVRS, Flood, and other third-party reports • Must communicate professionally, work collaboratively, demonstrate accountability, and adhere to Leader Bank’s Brand Pillars and Values

🏖️ Benefits

• Competitive compensation • Health insurance coverage • Team member wellness program • Life and disability insurance • Retirement savings plan • Paid holidays • Paid time off and vacation • 401k plan with corporate match • Medical and dental insurance • Annual bonuses, commissions, short- and long-term incentives, and program-specific awards may be available • Equal Opportunity and Affirmative Action employer