Senior Associate, SBA Loan Documentation & Closing Specialist

About the role

Within Capital One’s Small Business Bank (SBB) division, we help our clients stand out with personalized advice and resources that can help them prepare for what’s next. We’ve helped over hundreds of thousands of business owners secure their finances, streamline their cash flow and save time on banking. We provide a variety of competitive savings, checking, escrow, lending and treasury management products.

Responsibilities

• Apply job knowledge and documentation expertise to a diverse array of complex lending products.
• Prepare complex commercial loan documents using in-house and third party documentation software platforms (LaserPro, Etran, Word templates) for SBA Express, 7A and 504 new loans, renewals, extensions and modifications.
• Conduct lien searches and related due diligence tasks to determine appropriate actions to resolve outstanding lien issues and deliver lien documents to designated vendors.
• Review loan documents prepared by other associates or outside counsel to ensure compliance with the Bank's loan policy, applicable banking regulations, applicable government related Standard Operating Procedures (“SOP”) and with any other requirements designated by the credit approval authority, and authorize the closing of such loans.
• Analyze due diligence documentation and prepare necessary lien perfection documents to protect banks security interest in pledged collateral.
• Avoid exceptions within the appropriate time periods.
• Cook letters of credit, including renewals and amendments.
• Interact with underwriters, relationship managers, customers, agent banks, attorneys, title companies and insurance agents to ensure all conditions are met for closing.
• Instruct new associates and serve as a training resource for less experienced associates in the department.
• Manage a complex workload that includes multiple tasks and conflicting priorities.
• Remain current on all pending and proposed regulatory changes affecting compliance and attend seminars and workshops covering regulatory and compliance issues.
• Maintain expert knowledge of lending processes, loan principles and terminology related to banking laws and regulations, as they pertain to loan disclosures and requirements.
• Maintain expert knowledge of commercial Real Estate loan documentation, collateral perfection, title insurance, UCC due diligence, compliance requirements, lending policies and procedures and loan/funding terminology.

Qualifications

• High School Diploma, GED or equivalent certification
• At least 3 years of experience in Microsoft Office or G Suite
• At least 3 years of experience in Banking or Financial Services
• At least 3 years of experience of SBA Loan Closing experience (Express, 7a and 504)
• At least 3 years of customer service experience in a commercial lending support role

Preferred Qualifications

• Bachelor’s Degree or military experience
• At least 4 years of experience in loan administration and documentation
• At least 4 years of experience of SBA Loan Closing experience (Express, 7a and 504)
• At least 4 years of customer service experience in a consumer, mortgage, or commercial lending support role