BBVA Compass SBA Commercial Loan Funder / Closer I-II in dallas, Texas
At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.
Support the day-to-day Loan Documentation and Funding control (LD&FC) activities for the Bank’s SBA closing division. This position will be responsible for the loan documentation on SBA transactions to include SBA term debt and construction debt – including SBA 504 loans. This position is responsible for the review, coordination, and execution of a loan closing transaction. The average loan size handled by this team is $750,000 – 1.2MM, with a strong emphasis in construction lending. This position ensures the loan documentation matches the loan approval and all documentation is fully executed to ensure appropriate perfection of liens prior to releasing funds to the borrower.
Key Responsibilities :
Ensures that all loans and funding documentation are in compliance with the SBA SOP
Demonstrates strong knowledge of SBA 7(a), SBA Express, and SBA 504 loan programs
Reviews loan approval documentation and generate a comprehensive due diligence needs list according to credit policy and SBA requirements
Reviews third party reports (to include Phase I Environmental, Appraisals, Plan & Cost Reviews, Property Condition Reports)
Reviews and balances complex construction budgets to ensure compliance with approval and SBA construction guidelines
Prepares electronic booking package to ensure accurate on-boarding to the system
Engages bank approved attorneys to facilitate the documentation and loan closing throughout the transaction
Timely follow up and management of incoming items from the borrower, RM, and attorney
Review title policies, surveys, and related construction due diligence to ensure compliance with bank policies
Handles complex closings to include construction loans
Able to access risk and make decisions based on experience and transaction detail
Minimum Qualifications :
Bachelor degree in Business Administration, Accounting or Paralegal Studies or an equivalent of 2-4 years of professional experience specializing in Commercial Real Estate, Commercial Lending, or SBA.
- 2 - 4 years of Commercial Real Estate, Commercial Lending, or SBA Lending
Desired Qualifications :
Paralegal experience is a plus
A combination of experience in two or more of these areas is highly desired – legal, loan closing, loan administration, loan documentation, loan review, audit or compliance.
Proven track record of in-depth review of all types of commercial loans
Knowledge/experience in perfection of liens on real estate collateral
Efficiency, attention to detail, accuracy, ability to work well with others and being a team player are crucial requirements for this position.
Ability to handle stress and prioritize multiple tasks while meeting time-sensitive deadlines.
Focus on meeting strict deadlines while maintaining a high level of accuracy.
Must be able to communicate effectively and professionally with management, peers, and customers
Job ID 2018-116717
Site Name TX-DALLAS-DOUGLAS BUILDING
Category COMMERCIAL BANKING
Work Location US-TX-DALLAS
FLSA Status NON-EXEMPT
Type FULL TIME
EOE Statement Equal Opportunity Employer - Minority/Female/Disability/Veterans.