SBA Loan Closer - TEMPORARY

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients’ needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack Private different from our competition? We are an institution that’s over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the ‘Best Bank to Work For’ across the nation. Our secret sauce in one word is our ‘culture’. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

Position Overview:

The SBA Loan Closer coordinates and completes all aspects of the SBA loan closing process, ensuring accurate and timely execution, collecting necessary documentation, and verifying compliance with SBA regulations and lender policies.

This role is a TEMPORARY role that requires in-person work Monday through Thursday each week (30 hours).

Key Responsibilities:

• Communicate effectively with internal teams, clients, and attorneys to facilitate seamless loan closing processes.

• Utilize bank systems such as Silverlake and Credit Track for loan processing.

• Order and manage third-party reports including appraisals, Phase I reports, business valuations, flood searches, construction project reviews, and site inspections.

• Conduct necessary searches such as KYC, flood, SAM, CAIVRS, property, judgment, and UCC searches.

• Review searches for accuracy and compliance, including property, UCC, and judgment searches.

• Analyze loan documentation such as leases, purchase agreements, bank statements, franchise agreements, closing documents, settlement sheets, wire instructions, and insurance requirements.

• Maintain and update closing loan files and related spreadsheets.

• Prepare bank documents required for closing, including SBA forms and other miscellaneous documents.

• Review closing files thoroughly before funding loans to ensure completeness and compliance.

• Maintain and distribute the pipeline report to track loan closing activities and progress.

Qualifications:

• Experience with SBA or other commercial loans highly desired. Residential loan experience may be considered.

• Strong communication and interpersonal skills.

• Proficiency in using banking systems like Silverlake and Credit Track.

• Excellent organizational skills with attention to detail.

• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.

• Familiarity with third-party report ordering and loan documentation review processes.

• Knowledge of compliance requirements for financial searches and reporting.

This role is a TEMPORARY role that requires in-person work Monday through Thursday each week (30 hours).

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)