**Who We Are**
Cross River is a highly profitable, fast-growing financial technology company
powering the future of financial services. Our comprehensive suite of
innovative and scalable embedded payments, cards, and lending products deliver
financial services for millions of businesses and consumers around the globe.
Cross River is backed by leading investors and serves the world’s most
essential fintech and technology companies. Together with its partners, Cross
River is reshaping global finance and financial inclusion.
We are on a mission to build the infrastructure that propels access,
inclusion, and the democratization of financial services. While our company
has tripled in size over the last three years, our strong sense of purpose led
Cross River to be named to American Banker’s list of Best Places to Work in
Fintech for the last 6 years. The reason for this success is simple – our
nimble and collaborative family culture lives in every member of our growing
team. Together we are at the forefront of technology and innovation, and we
invite passionate, collaborative, and motivated high performers to join our
expanding team.
**What We 're Looking For**
Cross River’s SBA Loan team sources, originates, and services portfolios of
SBA Business loans of all types, 7(a), Sub-350, SBA LOC Express, and 504 loans
and as an SBA Loan Closer, you play a key role. We are looking for an SBA Loan
Closer to support our growing business by analyzing financial information and
collaborating with customers to ensure the closing of the loan with all
applicable banking compliance.
The Commercial Real Estate team cares about results, not activity, and we have
fun doing it. If you like CHALLENGING PROBLEMS, ARE ANALYTICAL, AND A GREAT
TEAM PLAYER—we want to hear from you!
**Responsibilities:**
* Orders and reviews UCC/Federal/State/County preliminary lien searches, title commitments, flood search, background checks, CAIVRS, IRS Transcripts, appraisal, environmental reports, and requests the essential loan documentation as indicated by the loan approval to ensure completeness of loan file.
* Review articles and by-laws/operating agreements, where applicable of partnership, corporation, and limited liability company (LLC).
* Substantiate Equity Injection as required by the loan approval.
* Ensure prompt payment of the Guarantee fee for the SBA loan as required by allotted time.
* Generates closing checklist and coordinates the closing with borrower, BDO and attorney etc.
* Ensure the accuracy of the loan file, including all packaging documents, satisfaction of credit conditions, and compliance with SBA lending requirements and Bank policies and procedures.
* Complete a detailed review of the loan approval to determine borrowers, guarantors, collateral, and other required credit and closing conditions and compliance with SBA lending requirements and Bank policies and procedures. Requesting any needed corrections or additions to the loan approval.
* Works closely with underwriting, attorneys, document preparation, third-party vendors (i.e., real estate brokers, title companies, insurance agency, etc.) and customers to prepare closing conditions and items needed to schedule/close the loan.
* Prepare compliant closing documents in LaserPro to send to bank attorney.
* Disburse loan proceeds and reconcile settlement statement, review signed loan documents to ensure documents are signed correctly and follow up to obtain any missing information.
**Qualifications:**
* Bachelor’s degree in Accounting, Finance and/or equivalent experience.
* Minimum of two years of closing experience in SBA lending or residential mortgage loan closing
* Strong knowledge of closing procedures, federal and state banking regulations, and adherence to banking policies.
* Laserpro and E-tran experience required
* Strong oral and written communication skills in a commercial bank environment.
* Demonstrated effective customer service skills.
* Effective business writing and professional
* Strong working knowledge of Microsoft Word and Excel.
#LI-JG1 #LI-Hybrid
Salary Range: $80,000.00 - $115,000.00
