Loan Closer

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Small Business Lending, LLC. is looking to add a Loan Closer to its team.

The Loan Closer is responsible for closing loans in compliance with Newtek and U.S. Small Business Administration policies.

Essential Functions & Responsibilities

• Work closely with origination, processing, underwriting, construction, legal and quality assurance departments to ensure loan closings are in compliance with Newtek and SBA policies;
• Review loan approval letter and credit write-up, to establish the closing checklist in conformity with loan approval;
• Work with borrower and Newtek attorney to obtain and review pre-closing requirements;
• Keep in touch with borrower via phone calls minimum of two times a week and via email multiple times a week.
• Order lien, judgement, bankruptucy, certificate of good standing, flood determinations upon receipt of good faith deposit;
• Coordinate with attorney any loan modifications necessary that arise during the closing process for attorney submission to Underwriting;
• Collect and review pre-closing requirements and keep management informed of progress to loan closing; make best efforts to collect all pre-closing requirements at least five (5) business days before proposed closing date;
• Prior to scheduling loan closings, ensure all internal departments closing requirements have been cleared for closing;
• Order site visits prior to closing;
• Update all applicable data systems as to any activity on loan;
• Track expenses for each individual loan;
• Prepare funding documentation;
• Other duties as assigned
  
  

Knowledge, Skills & Abilities

• Good understanding of Title Reports, Searches, Insurance, Mortgage, UCC, and lease documentation;
• Proficient with file management, spreadsheet, word processing, database and PDF software;
• Strong organizational, verbal and written communication skills;
• Ability to establish and maintain effective business relationships;
• Ability to manage a large volume loan queue;
• Ability to meet tight deadlines;
• SBA Loan Closing experience preferred;
• Finastra LaserPro experience preferred.
  
  

Education & Certification Requirements

• Bachelor's degree in Finance, Business or other related field.
  
  

Salary Range: $60,000 to $90,000 per year

NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.