The Role
Prepare, review, and manage SBA 7(a) loan closing documentation and packages for compliance with SBA SOP and lender requirements. Coordinate with borrowers, lenders, underwriters, and third parties to resolve documentation gaps, manage closing timelines, perform regulatory checks (CAIVRS, SAM.gov), maintain loan files, support post-closing disbursements, and identify process improvements while mentoring junior staff.
Summary Generated by Built In
Lenders Cooperative is a forward-thinking group of former bankers, investment bankers, and technologists who recognize the need for better innovation and solutions to support financial institutions' commercial lending efforts. Our core mission is to help these institutions focus on their true strengths. Joining Lenders means being part of a mission-driven team that values innovation, collaboration, and a commitment to excellence. If you thrive in high-pressure environments where urgency meets creativity and where every challenge is an opportunity to create impact, then continue reading....
Lenders Cooperative seeks an SBA Closing Specialist who will assist the lender by preparing and reviewing loan closing documentation for compliance with SBA 7(a) guidelines, policies, and procedures. This role involves verifying that all loan approval conditions have been met, coordinating with borrowers and third parties, and ensuring the accuracy and completeness of closing packages. The SBA Closing Specialist ensures all documents align with SBA SOP requirements and lender standards. Strong attention to detail, organizational skills, and knowledge of the SBA 7(a) program are essential for success in this position.
Benefits:
What to Expect:
Candidates selected for a conditional offer will undergo a background check. A criminal conviction does not automatically disqualify a candidate; results are reviewed based on job relevance and applicable law.
If you’re ready to take ownership of the frontend experience and help shape a platform used by financial institutions nationwide, apply now—we can’t wait to meet you.
Lenders is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate our employees' unique differences because that drives curiosity, innovation, and the success of our business. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, pregnancy, parental status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. Accommodations are available for applicants with disabilities.
Lenders Cooperative seeks an SBA Closing Specialist who will assist the lender by preparing and reviewing loan closing documentation for compliance with SBA 7(a) guidelines, policies, and procedures. This role involves verifying that all loan approval conditions have been met, coordinating with borrowers and third parties, and ensuring the accuracy and completeness of closing packages. The SBA Closing Specialist ensures all documents align with SBA SOP requirements and lender standards. Strong attention to detail, organizational skills, and knowledge of the SBA 7(a) program are essential for success in this position.
Key Objectives
- Loan Documentation Preparation: Prepare and review SBA loan closing documents for compliance with SBA guidelines and lender requirements, ensuring accuracy and completeness in every document.
- Loan Processing and Packaging: Compile and organize loan application documents, such as financial statements, tax returns, and personal financial statements, into complete and compliant loan packages for SBA submission and review. Ensure packages meet SBA standards and address any documentation gaps or inconsistencies.
- Coordination and Communication: Act as a primary contact for borrowers, lenders, and third parties (e.g., title companies, attorneys) throughout the loan process. Provide updates, answer questions, and coordinate documentation to ensure smooth transitions across application, processing, and closing stages.
- Review and Analysis of Loan Packages: Analyze borrower information and supporting documents, including purchase agreements, budgets, and FF&E costs, to validate the loan's intended purpose and sources/uses of funds.
- Closing Process Management: Manage the closing timeline by tracking loan status and following up with internal and external parties to ensure closing deadlines are met. Confirm all closing conditions are satisfied and coordinate the preparation of final closing documents for borrower signatures.
- Compliance and Regulatory Checks: Perform and/or review compliance checks, including CAIVRS for federal debt delinquencies and SAM.gov reports for debarment status. Ensure all parties involved are eligible to conduct business with the federal government.
- Coordination with Underwriting Team: Collaborate with underwriters to address pre-closing requirements, including handling additional documentation requests or issues to maintain compliance with SBA and lender policies.
- File Management and Record-Keeping: Maintain organized and complete loan files, ensuring all closing and processing documentation is accurately recorded and retained for compliance purposes.
- Post-Closing Support: Assist with post-closing procedures, including submitting final disbursement documentation and ensuring all documents are properly transitioned to loan servicing.
- Process Improvement: Identify opportunities to enhance the efficiency and accuracy of loan processing, packaging, and closing procedures. Provide feedback to the management team to help improve processes and lender/borrower satisfaction.
- Training and Mentorship: Serve as a resource and mentor for new team members, offering guidance on SBA requirements, documentation standards, and best practices for efficient loan processing and closing.
- Bachelor’s degree in business, finance, or related field or relevant work experience
- Minimum 2-4 years of experience in SBA loan closing or commercial lending
- In-depth knowledge of SBA 7(a) loan program guidelines and regulations (SOP 50 10)
- Strong understanding of loan documentation, closing procedures, and legal terms
- Experience with SBA loan processing software and document management systems preferred
- Excellent attention to detail and accuracy in document preparation and review
- Strong organizational skills with the ability to manage multiple priorities and deadlines
- Excellent communication and interpersonal skills to collaborate with clients, lenders, and third-party vendors
- Ability to work independently and as part of a team in a fast-paced environment
- Strong problem-solving skills and ability to resolve issues promptly
- Knowledge of legal and regulatory requirements related to loan closings
Benefits:
- Competitive salary and performance-based bonuses
- Comprehensive health coverage, plus free dental and vision
- Flexible hours and fully remote work options
- Unlimited PTO and company holidays
- Collaborative, inclusive, and growth-minded environment
What to Expect:
- Apply — It only takes a few minutes.
- HR Screen — If it’s a match, one of our recruiters will reach out to schedule a quick call.
- Interviews — Meet the team, discuss the role, and explore how your skills fit our needs.
- Decision — If it’s a great fit for both sides, we’ll make it official!
Candidates selected for a conditional offer will undergo a background check. A criminal conviction does not automatically disqualify a candidate; results are reviewed based on job relevance and applicable law.
If you’re ready to take ownership of the frontend experience and help shape a platform used by financial institutions nationwide, apply now—we can’t wait to meet you.
Lenders is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate our employees' unique differences because that drives curiosity, innovation, and the success of our business. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, disability status, pregnancy, parental status, genetic information, political affiliation, or any other status protected by the laws or regulations in the locations where we operate. Accommodations are available for applicants with disabilities.
Skills Required
- Bachelor's degree in business, finance, or related field or relevant work experience
- 2-4 years of experience in SBA loan closing or commercial lending
- In-depth knowledge of SBA 7(a) loan program guidelines and regulations (SOP 50 10)
- Strong understanding of loan documentation, closing procedures, and legal terms
- Experience with SBA loan processing software and document management systems
- Excellent attention to detail and accuracy in document preparation and review
- Strong organizational skills with ability to manage multiple priorities and deadlines
- Excellent communication and interpersonal skills to collaborate with clients, lenders, and third-party vendors
- Ability to work independently and as part of a team in a fast-paced environment
- Strong problem-solving skills and ability to resolve issues promptly
- Knowledge of legal and regulatory requirements related to loan closings
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The Company
What We Do
Lenders Cooperative is a client-owned cooperative providing an integrated, end-to-end loan origination system and professional shared services, including credit underwriting, SBA LSP support, and bank operations. Designed specifically for community and regional financial institutions, the platform helps modernize lending processes, improve internal workflow processes, and streamline back-office operations, effectively empowering bankers to scale their lending operations with greater speed, efficiency, and confidence.
