GGL Senior Loan Closer
About the role
The position of Senior Loan Closer is responsible for independently funding US Government Guaranteed Lending (GGL) 7a and Express loans, while maintaining professional and positive customer relationships at all times. Managing an active pipeline of 8-10 GGL loans, consisting of assembling documentation, document preparation, verifying and ensuring documentation and signatures and other relevant data is GGL compliant. As a Senior Loan Closer, the ability to manage the complete life cycle of a loan portfolio with limited oversight is expected. This position’s incumbent must possess superior skills and knowledge of GGL Loan Closing that would result in a reliable ability to think and act laterally within given authority. This position reports directly to the GGL Closing Manager.
Responsibilities
- Knowledge of closing transactions pertaining to: business acquisitions, stock purchases, real estate purchases, expansions/renovations, and debt refinances.
- Responsible for the creation and weekly distribution of the needs letter by understanding the loan structure and conditions based on the approved credit memorandum.
- Works closely with the borrower, attorney, and any other third parties associated with the loan to ensure necessary documents and any due diligence items are produced in a timely fashion.
- Coordinates welcome calls, conferences, and weekly updates for Borrowers, Bank personnel, Attorneys, and any other parties deemed necessary regarding loans in process.
- Answers questions to ensure the borrower has a clear understanding of the GGL loan process, with attention to customer service and closing details.
- Orders and reviews necessary documentation including attorney prepared documents and