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SBA Loan Closing Specialist

Company: Umpqua Bank
Location: La Mesa
Posted on: June 8, 2021

Job Description:

In this role, you will process and fund approved SBA 7(a), USDA, 504 and other government guaranteed loans as assigned by the SBA Closing Director. You will work with borrowers, production staff and third parties, and collect and review documentation, perform searches, perfect collateral, and ensure proper documentation of loans as specified and approved by the Bank and gov't guarantee program requirements.


  • Identify and collect documentation in support of and as specified the loan approval.
  • Responsible obtaining SBA/USDA approval for all loans.
  • Direct title and escrow officers to perfect collateral and close loans as instructed.
  • Perform searches on individuals, entities, and collateral.
  • Plan tasks and workflow to meet closing deadlines and works on more complex loan files where independent judgment and analysis is required.
  • Responsible for ordering and execution of complete and accurate loan. documentation, including adherence to naming convention and electronic storage thereof.
  • Coordinate closings between borrowers, BDOs/Assistants and escrow needs and availability.
  • Facilitate loan funding and follow for post-closing documentation.
  • Demonstrate compliance with all bank regulations that apply to your position, and keep up to date on regulation changes.
  • Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position.


  • High school diploma/GED required. Bachelor's degree preferred.
  • 5-8 years of SBA closing experience and knowledge of SBA loan program requirements or equivalent work experience.
  • Advanced knowledge of SBA, SOP, and USDA requirements and regulations. Ability and knowledge to work on the most complex loan files.
  • Advanced knowledge of SBA policy and procedures.
  • Experience working with SBA production staff and underwriters.

Physical Requirements and Working Conditions

Work involves:

  • sitting
  • walking
  • lifting up to 25 pounds.
  • Frequent regional travel

No relocation offered.

About Us

We do things a little differently here at Umpqua. Our retail stores serve as community hubs, our associates are given up to 40 hours of volunteer time each year, and we're never satisfied with the status quo. It's no wonder we've made "Fortune's 100 Best Companies to Work For" eight years in a row. But greatness has no finish line, so we continue every day to keep people at the center of everything we do. We focus on building relationships, understanding our customers' needs and connecting to people in new and innovative ways -- always staying true to our mission of providing personalized banking for all people, whenever and however they prefer to bank.

Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.

Keywords: Umpqua Bank, La Mesa , SBA Loan Closing Specialist, Other , La Mesa, California

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