Job Information
Columbia Bank
Jr. SBA Lending Coordinator in
Fair Lawn, New Jersey
Jr. SBA Lending Coordinator Location: Fair Lawn, NJ, US Job Type: Regular Full-Time Category: Administrative Requisition ID: 2679 Salary Range: $25.65 To $38.48 Hourly Summary: Under the direction of the SBA Lending Coordinator, the Jr. SBA Lending Coordinator is responsible for supporting documentation, closing, monitoring & servicing processes of SBA loans in accordance with the approved policies & procedures within the SBA Department. Prepares documentation within the terms and conditions of the approved CAM and SBA Terms. Coordinates booking, closing, and funding processes. Performs post-closing functions. Assists with all audits.Job Responsibilities:Closing Management- Prepares commitment letter based on CAM and SBA conditions.- Coordinates with closing attorney to submit closing checklist to borrowers/attorneys.- Follows up with borrowers to satisfy closing checklist requirements.- Orders all third-party reports as required (Appraisal/ BV/ Environmental/ Construction Budget Review/Advance, etc.).- Prepares closing documents and closes loans per CAM & Commitment Letter.- Assists with pulling third party searches as needed (CAIVRS / SAMs, etc.)- Documents and verifies capital infusion prior to loan closing.- Obtains and follows up for insurance prior to closing.- Confirms pre & post-closing UCC & Mortgage liens & filings with CAM & closing.- Uploads documents and modifies information as required in various Bank and SBA systems (Etran/nCino / DNA/ Nautilus/ etc.)- Prepares SBA Terms & Conditions.- Issues required letters regarding flood insurance notification.- Ensures SBA guaranty fee is paid as required.- Processes broker fee (Form 159 along with invoices).Pipeline Management and Loan Servicing- Monitors the closing pipeline.- Performs closings as assigned.- Ensures transactions are efficiently distributed and processed in a timely manner.- Assist with loan payment collection- Prepares monthly 1502 reporting.- Prepare semiannual SBA liquidation report.- Prepare SBA 10 tab as required.Funding- Coordinates loan closing with borrowers and attorneys; prepares wires/checks for funding.- Inputs wire for SBA closings.Post-Closing- Inputs all closed loans into the Bank’s DNA system and verifies entries for accuracy.- Inputs wires / ACH/ check request for future advances.- Inputs supporting loan file documentation into the Bank’s document imaging system and prepares closing file for post-closing review.- Supports all post-closing related activities such as receipt of all required recorded documentation, policies, and completion of collateral files.- Monitors and obtains all necessary documents for multi advance loans; such as Construction and leasehold improvement transactions. (Invoices, Lien waivers, title rundowns, inspections, etc.)Review Support- Assists with all audits.- Assists team members in gathering information for any internal or external loan reviews.Other Responsibilities- Performs other job-related duties as may be assigned.- Inputs and submits request for various 3rd party reports (appraisal/environmental/ cost review/BV).- Submit payoff request to SBA.- Issue new broker agreement along with collecting W-9 and any other supporting documents.- Assist / verifies wires for other closers.Job Requirements:- Bachelor’s Degree preferred;- 2-3 years’ experience in business lending documentation & closing, SBA focus a plus;- Proficient in Microsoft Word & Excel;- Familiar with UCC filings (both origination & termination);- Excellent customer service skills;- Attention to detail;- Organizational skills;- Ability to work independently, once trained, to complete work on a timely basis;- Effective communication skills.Columbia Bank offers the following benefits:- Medical, Dental, Vision and Rx which are contributory.- Bonus programs.- Employee Stock Option Program (ESOP).- Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).- Paid Time Off (PTO) which includes Personal and Vacation Time.- Paid Sick Time.- Bank Holidays.- Employees may participate in the 401k program.Schedule:- This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice. **Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.
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