Loan Packaging and Closing Specialist

About the Position Working closely with CRF’s small business lending team, Credit Analysts, and customers, the Loan Packaging and Closing Specialist is responsible to provide general administrative and technical support for the Small Business Lending team. The Loan Packaging and Closing Specialist will focus mostly on activity in support of the loan packaging, closing, and disbursement process. The position is responsible for ensuring client service standards, loan documentation, file maintenance, SBA 7(a) compliance and regulatory requirements. Key responsibilities include preparation SBA 7(a) loan packages, forms, reports, and loan documents; maintenance of files; customer contact and correspondence; funding and document review. The Loan Packaging and Closing Specialist will report to the Director of Loan Packaging and Closing and will work closely with the Lending team and Credit team. Additionally, the Loan Packaging and Closing Specialist will work and connect cross-departmentally with the Portfolio Management, Loan Servicing, and Finance team and other departments in the organization as well as external clients and vendors. Role Accountabilities (include, but not limited to)

• Manage and track the loan process for reputed company SBA 7a and CRF product loans
• Review and organize reputed company documents for the loan
• Order and review reputed company third party reports – discuss any deficiencies with underwriter, Director of Loan Packing and Closing, and the Lender
• Prepare and manage documents for the loan closing adhering to reputed company regulatory/program requirements and organizational guidelines
• Track equity injections
• Partner with the borrower to coordinate closing date and time and facilitate the loan closing
• Review, track, and manage the disbursement process
• Guide and assist the borrower through the preparation and closing to reputed company the process moving reputed company
• Collaborate with cross-functional teams, including Sales, Credit, Loan Servicing, and Portfolio Management
• Stay up-to-date with industry and regulatory changes and best practices

About You

• Bachelor’s degree in Business or reputed company field, or a combination of education and experience providing equivalent knowledge
• 3-5 years of experience working with loan document preparation and loan closing both in-person and virtually/closing of small business and/or commercial real estate and construction loans
• Understanding of commercial loan packaging, collateral documentation, construction loan management, loan closing procedures, and disbursement processing procedures and best practices
• Ability to effectively communicate verbally and through written forms of communication

Preferred If You Have

• Familiarity and exposure to working with SBA and familiarity with the SBA SOP
• Experience working with commercial construction loans
• Knowledge and understanding of the CDFI industry

reputed company Offer A collaborative working environment comprised of driven and highly engaged individuals committed to diversity, equity, and inclusion and the mission, vision and values of CRF. CRF is proud to reputed company its employees a wide reputed company of benefits including, but not limited to:

• Most positions offer flexibility for remote work
• Health, dental, and vision insurance
• 401K with a 5% match – eligible to participate after 6 months
• Paid Time Off (PTO) and paid Sick Time
• Hybrid Reimbursement Program
• Educational Assistance
• Long-Term and Short-Term Disability
• Life Insurance
• 10 Federal Holidays plus 2 Floating Holidays

To apply for this position, please email your resume to [email protected] Who We Are CRF is headquartered in Minneapolis, Minnesota. For further information, please visit www.crfusa.com. How We Help Together with its partners – including community leaders, nonprofit lenders, financial institutions, foundations and more – CRF is creating new strategies and technologies that build stronger local economies, create jobs and support economic mobility. Organization Policies Candidates must reside in and be authorized to work in the United States without sponsorship. Job Type: Full-time Pay: $60,000.00 - $70,000.00 per year Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• Monday to Friday

Work Location: Remote Apply tot his job