National SBA 7a Loan Closer

POSITION SUMMARY: Northeast Bank’s (NASDAQ: NBN) National Small Business Administration (“SBA”) Lending team is looking for a motivated and diligent Loan Closer to support its loan origination efforts. Northeast Bank utilizes a technology-based origination platform and collaborates with an established Lender Service Provider (“LSP”) to underwrite and close SBA 7a Small Loans. Northeast Bank has earned a reputation for providing creative and responsive lending solutions and is powered by an experienced team with a successful track record. The Loan Closer will be responsible for supporting the origination process by completing closing due diligence items according to SBA Standard Operating Procedures (“SOP”). A successful candidate for the Loan Closer position will have strong attention to detail and organizational skills.

RESPONSIBILITIES:

• Manage a dynamic loan pipeline from underwriting through funding in accordance with SBA SOP as well as the Bank’s policies and procedures.
• Ensure all required loan conditions are met and properly documented in compliance with SBA and Bank policies and procedures prior to funding.
• Review loan closing packages to ensure accuracy, completeness and compliance with the approved loan terms and conditions.
• Execute loan funding process by confirming refinance details, providing clear to close confirmations, preparing wire forms, and advancing hold bank funds when appropriate.
• Perform post-closing file reviews to ensure compliance with SBA and Bank policies and procedures.
• Collaborate with the Bank’s LSP to address and resolve any pre- or post-closing issues that may arise.
• Assist with regular loan guaranty sale review process.
• Support efforts to respond to various portfolio management or audit inquiries.
• Successfully pass technical and regulatory examinations required by the Company.

KNOWLEDGE, SKILLS AND ABILITIES:

• Bachelor’s degree with a strong track record of performance and leadership.
• Prior banking experience in loan processing and/or loan closing preferred.
• Outgoing, charismatic, and comfortable engaging with people in all types of environments through all mediums (phone, in person, via email).
• Team-orientation with a desire to learn and improve.
• Outstanding interpersonal, verbal, and written communication skills.

PHYSICAL DEMANDS AND CONDITIONS

• Flexibility in schedule with respect to meeting time sensitive deadlines.
• Must be able to remain in a stationary position for long periods of time.
• Some travel is required.
• Must be able to occasionally lift up to 25lbs.
• Consistently operates a computer and other office machinery such as calculator, copy machine and printers.
• Climate controlled general office setting with moderate noise level.
• Must express or exchange ideas and meaning with co-workers, supervisors, customers and vendors.

The Job Description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. All personnel may be required to perform duties outside their normal responsibilities from time to time, as needed.

Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.