Closing Specialist II

Lendistry is a certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), and the nation’s largest minority-led, tech-savvy lender for small businesses and commercial real estate. Our mission is to create economic opportunities and fuel growth for small business owners and their communities through innovative financing and financial education.

About the role

The Closing Specialist II supports the accurate and timely funding and closing of small business loan transactions. This role works closely with internal teams, customers, and third-party vendors to gather and review documentation, ensure compliance with government and source standards, and facilitate a smooth loan closing process. Some travel may be required.

Responsibilities

• Assist in the preparation and review of loan closing documents in accordance with policies and procedures.
• Ensure that loan packages are complete and accurate prior to closing.
• Coordinate with borrowers, Relationship Managers, Underwriters, Processors, and third parties to obtain and validate SBA-required documentation.
• Prepare and maintain loan files for SBA 7(a), 504, and other government-guaranteed lending programs throughout the closing lifecycle.
• Identify and resolve documentation deficiencies, compliance gaps, and closing conditions in a timely manner.
• Ensure all SBA eligibility, collateral, and documentation requirements are met prior to loan closing.
• Monitor pipeline timelines and proactively follow up on outstanding conditions to support efficient loan closing.
• Maintain accurate records and data integrity within lending systems and document repositories.
• Stay current on SBA procedural updates, SOP changes, and regulatory requirements impacting loan closing operations.
• Perform other duties as assigned to support the efficient and effective operation of the department.

Requirements

• Strong knowledge of SBA 7(a) and 504 loan programs, including eligibility guidelines, documentation, and government-guaranteed loan closing requirements.
• Familiarity with SBA SOP guidelines, eligibility standards, and compliance documentation requirements.
• Understanding of SBA loan lifecycle processes, including processing, underwriting support, closing coordination, and funding preparation.
• Ability to interpret and apply federal lending regulations, internal policies, and SBA compliance standards.
• Strong organizational skills with the ability to manage multiple SBA loan files in a fast-paced environment.
• Proficiency with loan origination systems, document management platforms, and Microsoft Office applications.
• Excellent communication and follow-up skills when working with borrowers, internal stakeholders, and external partners.

Benefits

• Comprehensive Medical, Dental, and Vision Insurance
• Generous Paid Time Off
• Birthday Day Off
• 12 Paid Company Holidays
• 401(k) Match
• FSA and HSA
• Paid Life Insurance
• Paid Disability Insurance
• Pet Insurance
• Employee Assistance Program (EAP)
• Professional Development Courses
• In-Office Provided Snacks and Drinks
• Gym Facilities (LA & Tustin/CEC Offices)
• In-Office Engagement Activities

Pay

The US base salary range for this full-time position is $25.00 - $35.00 an hour and up to $5,000/month in variable pay. Ranges are determined by role, level, and location. Individual pay is based on job-related skills, experience, and state of residence.

Physical Requirements

This is a stationary position that requires frequent sitting (approximately 95%), repetitive wrist motions, grasping, speaking, listening, close vision, and the ability to adjust focus. It may also require occasional standing, lifting, carrying 20lbs or less, walking, kneeling, bending/stooping, twisting, pulling/pushing, and reaching above the shoulder.