SBA Loan Closer (Temporary)

Who We Are

Cross River builds the infrastructure behind the world’s most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively — trusted by leading fintechs, enterprises, and disruptors across the globe.

Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker’s

Best Places to Work in Fintech year after year. Whether you’re designing code, solving regulatory puzzles, or developing strategy, you’ll join a team where innovation and integrity drive everything we do — and where your work helps shape the future of finance.

What We're Looking For

• Cross River’s SBA Loan team sources, originates, and services portfolios of SBA Business loans of all types, 7(a), Sub-350, SBA LOC Express, and 504 loans and as an SBA Loan Closer (Temporary), you play a key role. We are looking for an SBA Loan Closer to support our growing business by analyzing financial information and collaborating with customers to ensure the closing of the loan with all applicable banking compliance.
• This contract is expected to be 3 months.
• The Commercial Real Estate team cares about results, not activity, and we have fun doing it. If you like challenging problems, are analytical, and are a great team player, we want to hear from you!

Responsibilities:

• Orders and reviews UCC/Federal/State/County preliminary lien searches, title commitments, flood search, background checks, CAIVRS, IRS Transcripts, appraisal, environmental reports, and requests the essential loan documentation as indicated by the loan approval to ensure completeness of loan file.
• Review articles and by-laws/operating agreements, where applicable of partnership, corporation, and limited liability company (LLC).
• Substantiate Equity Injection as required by the loan approval.
• Ensure prompt payment of the Guarantee fee for the SBA loan as required by allotted time.
• Generates closing checklist and coordinates the closing with borrower, BDO and attorney etc.
• Ensure the accuracy of the loan file, including all packaging documents, satisfaction of credit conditions, and compliance with SBA lending requirements and Bank policies and procedures.
• Complete a detailed review of the loan approval to determine borrowers, guarantors, collateral, and other required credit and closing conditions and compliance with SBA lending requirements and Bank policies and procedures.  Requesting any needed corrections or additions to the loan approval.
• Works closely with underwriting, attorneys, document preparation, third-party vendors (i.e., real estate brokers, title companies, insurance agency, etc.) and customers to prepare closing conditions and items needed to schedule/close the loan.
• Prepare compliant closing documents in LaserPro to send to bank attorney.
• Disburse loan proceeds and reconcile settlement statement, review signed loan documents to ensure documents are signed correctly and follow up to obtain any missing information.

Qualifications:

• Bachelor’s degree in Accounting, Finance and/or equivalent experience.
• Minimum of two years of closing experience in SBA lending or residential mortgage loan closing
• Strong knowledge of closing procedures, federal and state banking regulations, and adherence to banking policies.
• Laserpro and E-tran experience required
• Strong oral and written communication skills in a commercial bank environment.
• Demonstrated effective customer service skills.
• Effective business writing and professional
• Strong working knowledge of Microsoft Word and Excel.

#LI-AC1 #LI-Hybrid #LI-Onsite

Hourly Rate: $35.00 - $45.00