SBA Loan Closer -- Loan Operations

Texas Capital is built to help businesses and their leaders. Our depth of knowledge and expertise allows us to bring the best of the big firms at a scale that works for our clients, with highly experienced bankers who truly invest in people's success - today and tomorrow.

While we are rooted in core financial products, we are differentiated by our approach. Our bankers are seasoned financial experts who possess deep experience across a multitude of industries. Equally important, they bring commitment - investing the time and resources to understand our clients' immediate needs, identify market opportunities and meet long-term objectives. At Texas Capital, we do more than build business success. We build long-lasting relationships.

Texas Capital provides a variety of benefits to colleagues, including health insurance coverage, wellness program, fertility and family building aids, life and disability insurance, retirement savings plans with a generous 401K match, paid leave programs, paid holidays, and paid time off (PTO).

Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital was recently named Best Regional Bank in 2024 by Bankrate and was named to The Dallas Morning News' Dallas-Fort Worth metroplex Top Workplaces 2023 and GoBankingRate's 2023 list of Best Regional Banks. For more information about joining our team, please visit us at www.texascapitalbank.com.

Brief Overview of Position

The Loan Operations SBA Closer is responsible for ensuring all SBA 7(a), 504, and Express loans originated in the bank are closed in accordance with the loan approval, the Bank's credit policy and the SBA SOP 50-10, Loan Processing. The loan closer collects and reviews all entity and collateral due diligence and coordinates the final closing and funding activities in the loan cycle. They are the point of contact and process driver throughout the loan origination process. It is their responsibility to ensure documentation is accurately prepared, properly executed, and filed with the proper authorities. Strong knowledge and understanding of the SBA SOP's is important for this role.

Responsibilities

• Manage and lead the coordination of SBA loan closings from term sheet to initial funding by interfacing with internal business partners, clients, title companies, attorneys, various SBA officials, and other third-party vendors and consultants.

• Order, review and analyze due diligence required to close an SBA loan, including but not limited to, entity documentation, UCC searches, flood determinations, appraisals, environmental reports, business valuations and acquisition contracts, lease agreements, subordination agreements, insurance, title, survey, budgets, and all construction related documentation.

• Obtain SBA loan approval and ensure the SBA guaranty fee is paid in a timely manner.

• Responsible for reviewing loan documentation against the formal credit approval and ensuring documents comply with bank policy and SBA Lending regulations as well as legal standards and system functionality.

• Disburse the loan proceeds in accordance with the SBA Loan Authorization.

• Obtain and transmit original loan documents and review and clear all loan collateral exceptions.

• On-going in office training courses with SBA and NAGGL

• Establish and maintain effective relationships with customers, business partners and team members to ensure an exceptional client experience.

• Assist management with various operational duties and responsibilities.

• Assist with special projects, as necessary.

• Abide by Texas Capital Bank policies, procedures, and regulatory compliance guidelines.

The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.

Qualifications

• Required

• Minimum 3 years SBA loan closing experience.

• Required

• Strong knowledge and understanding of the SBA SOP's

• Required

• Ability to manage multiple loans at one time in order to meet critical closing deadlines.

• Required

• Prior SBA loan closing experience to include due diligence requirements around commercial collateral and entity documentation. Demonstrated expertise in reviewing and interpreting all types of loan documentation and lien perfection for attorney and internally prepared documents.

• Required

• Ability to interface effectively and build and maintain positive working relationships with executive management, clients, attorneys, title companies, third party consultants and handle confidential information with discretion.

• Preferred

• Degree preferred, but commensurate work experience will be strongly considered

Additional Requirements/Skills you would like to add?

• Superior oral and written communication skills

• Proven history as a self-starter who can add value by driving process related decisions while working independently with a minimum amount of supervision.

• Strong change management skills and ability to work at a consistently changing pace.

• High attention to detail

• Ability to obtain, analyze and synthesize information as well as multi-task under pressure.

• Ability to communicate at all levels of the organization

• Ability to manage a high volume of deadline driven work in a fast-paced environment

• Ability to readily identify needs and requirements, and establish plans and processes to ensure successful results.

• Superior client service skills/attitude.

• Excellent problem-solving and critical thinking skills.

• Proficient knowledge of Outlook, Word and Excel.

The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.Texas Capital is an Equal Opportunity Employer.