Closing Specialist III

Lending Overview

Lendistry is the nation's largest minority-led, tech-savvy lender for small businesses and commercial real estate. As a CDFI and CDE, our mission is to create economic opportunities and fuel growth for small business owners and their communities.

Responsibilities

• Loan Closing and Documentation
• Prepare, review, and execute SBA loan closing documents.
• Resolve discrepancies in documentation, coordinating with borrowers, attorneys, and third-party vendors.
• Makes impactful decisions regarding document completeness and readiness for closing, escalating complex cases when necessary.
• Compliance and Risk Management
• Conduct thorough reviews of loan files to ensure adherence to SBA and regulatory requirements.
• Evaluate and approve loan conditions prior to closing, including third-party reports, title policies, and insurance documentation.
• Implement strategies for fraud detection and prevention during the closing process.
• Process Optimization
• Collaborate with lending and underwriting teams to streamline workflows.
• Develop and refine documentation checklists and tracking systems.
• Leverage technology to automate routine tasks, such as compliance checks and document generation.
• Third-Party Coordination
• Manage relationships with third-party service providers, including title companies, appraisers, and attorneys.
• Handle third-party delays, such as moving applications to suspense status when warranted.
• Borrower Communication and Experience
• Serve as the primary point of contact for borrowers during the closing phase.
• Communicate updates and resolve borrower concerns to ensure a seamless closing experience.
• Leadership and Training
• Act as a mentor and resource for junior team members.
• Provide training on SBA documentation standards and closing procedures.
• Stay updated on SBA SOP changes and industry best practices.
• Post-Closing Quality Control
• Conduct post-closing reviews to ensure loan files are audit-ready and compliant with SBA requirements.
• Address any deficiencies or errors identified during post-closing audits, implementing corrective actions as needed.

Requirements

• Education and Experience
• Bachelor’s degree in Business Administration, Finance, or a related field (preferred).
• Minimum of 5 years of experience in SBA loan processing, closing, or documentation.
• Extensive knowledge of SBA 7(a) and 504 loan programs, including Standard Operating Procedures (SOP).
• Skills and Competencies
• Expertise in loan documentation, compliance requirements, and risk management strategies.
• Strong decision-making skills, particularly in high-pressure situations or complex cases.
• Proficiency in loan origination systems and documentation tools.
• Exceptional attention to detail and organizational skills.
• Excellent communication and interpersonal skills for borrower and team interactions.
• Ability to manage multiple priorities and meet tight deadlines.

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
• In Office Gym Facilities (LA & Tustin/CEC Offices)
• In Office Engagement Activities

Compensation

The US base salary range for this full-time position is $80,000 - $95,000 annually. Our salary ranges are determined by role, level, and location.