SBA Loan Closing Coordinator

Job Locations

US-MN-Eagan

Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. A unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Old National is currently seeking to fill the role of SBA Closing Coordinator. The SBA Closing Coordinator is part of the Old National Bank SBA Group and is responsible for reviewing, documenting, closing, and disbursing financing for complex Commercial, commercial real estate OR asset-based financing 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

Key Competencies for Position:

Delights Clients - Continuously seeks and applies knowledge leading a best-in-class client experience:

• Passionately serves internal/external clients with excellence
• Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally
• Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team
• Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value

Makes Decisions & Solves Problems - Seeks deeper understanding and acts:

• Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency
• Collaborates and seeks to understand the root causes of problems
• Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time
• Takes action that is consistent with available facts, constraints and probable consequence

Compelling Communication - Openly and effectively communicates with others:

• Effectively and transparently shares information and ideas with others
• Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain
• Unites others towards common goal
• Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction

Strategy in Action - Build your strategic mindset capability:

• Breaks down larger goals into smaller achievable goals and communicates how they are contributing to the broader goal
• Actively seeks to understand factors and trends that may influence role
• Anticipates risks and develops contingency plans to manage risks
• Identifies opportunities for improvement and seeks insights from other sources to generate potential solutions
• Aligns activities to meet individual, team and organizational goals

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

Key Measures of Success/Key Deliverables:

• Being able to master SBA SOP Guidelines

• Being able to give High attention to detail, in a fast-paced, high-production professional environment exhibiting strong problem-solving and communication 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 Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!

We can recommend jobs specifically for you! Click here to get started.

If you're qualified for a position but need additional help with the application because of a disability, please email HRservices@oldnational.com (This email will respond to accommodation requests only.)