VP SBL Loan Closing Officer III

Position Summary
Work Arrangement:

***This is a remote position and can be located anywhere in the U.S.A..***

At The Bancorp, we’ve spent more than 25 years driving innovation in the financial services industry. As one of the first banks to embrace fintech, we combine technology, expertise and a forward-looking approach to deliver creative, real-world solutions. We work side by side with our partners to help them grow and innovate with confidence. Across Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending, we provide the people, processes, technology and banking capabilities that turn bold ideas into outcomes.

Join a team that brings urgency and rigor to every challenge and plays a direct role in driving growth for our clients and the communities we serve.

The Bancorp’s Small Business Lending team helps businesses across the country access SBA and other financing solutions that support growth. As part of this team, you’ll contribute to delivering tailored financial solutions, supporting the lending process from origination through funding and helping drive successful outcomes for business owners and the communities they serve.

The VP SBL Loan Closing Officer III role manages and performs advanced due diligence required to collect, review, analyze, and approve documentation necessary to facilitate SBA loan closings. Independently manages complex loan transactions while ensuring compliance with SBA Standard Operating Procedures (SOP), Bank credit approval, legal requirements, and internal policies. Serves as the primary point of contact for borrowers, attorneys, underwriters, CDCs, and third-party vendors throughout the closing process. Protects the Bank’s interests and SBA guaranty by identifying and resolving documentation compliance, and operational risks.
Key Responsibilities

- Collects, reviews, audits, and analyzes all documentation required loan closing, including but not limited to real estate appraisals, environmental reports, business valuations, franchise documentation, title commitments, surveys, flood determinations, insurance, UCC searches, lien filings, organizational documents, and other due diligence items required by the Bank and SBA.

- Reviews SBA’s Terms & Conditions and credit memorandums to ensure all closing conditions are satisfied. Coordinates and obtains SBA modification or amendments when necessary, in accordance with Bank and SBA program requirements.

- Performs detailed reviews to ensure compliance with SBA SOP requirements, Bank policy, legal documentation requirements, and loan approval conditions while protecting the SBA guaranty.

- Identifies documentation deficiencies, compliance concerns, collateral issues, and exceptions requiring resolution prior to loan closing. Coordinates corrective action with internal departments and external parties.

- Prepares, reviews, and validates all loan closing documents to ensure accuracy, completeness, enforceability, and compliance with SBA regulations, Bank policy, and legal requirements.

- Manages complex SBA loan transactions.

- Coordinates all aspects of the closing process with borrowers, referral sources, attorneys, title companies, CDCs, SBA representatives, insurance agents, vendors, and internal departments to ensure timely loan closing.

- Prepares, reviews, and processes loan funding requests while ensuring accurate calculation and collection of SBA guaranty fees, closing costs, and other loan related charges.

- Maintains complete electronic loan files in accordance with Bank record retention requirements, SBA audit standards, and regulatory requirements.

- Monitors and/or assists with obtaining post-closing exceptions and tickler items to ensure timely completion of post-closing conditions.

- Reviews information for completeness, accuracy, and consistency while identifying discrepancies, documentation deficiencies, or operational risks requiring escalation.

- Exercises independent judgmen