Senior Associate, SBA Loan Documentation & Closing Specialist

Discover Financial
Plano
Workplace: OnsiteFull timeUSD 80,800 - 92,200 annuallyFunction: Banking, Lending & CreditEducation: high_schoolSkills: ["Customer service","Documentation expertise","Attention to compliance","Work prioritization"]

Coordinate SBA Express, 7A, and 504 loan closings by preparing, reviewing, and ensuring accuracy and compliance of complex loan documentation. Conduct lien searches and due diligence, resolve exceptions, and prepare lien perfection documents to protect the bank’s collateral interests. Review third-party materials and organizational documents, collaborate with underwriters, attorneys, title and insurance partners to meet closing conditions, and serve as a training resource for less experienced associates.

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Discover Financial
Discover Financial
4 weeks ago

Senior Associate, SBA Loan Documentation & Closing Specialist

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Last checked: 2 hours agoStatus: Live

Job Summary

Coordinate SBA Express, 7A, and 504 loan closings by preparing, reviewing, and ensuring accuracy and compliance of complex loan documentation. Conduct lien searches and due diligence, resolve exceptions, and prepare lien perfection documents to protect the bank’s collateral interests. Review third-party materials and organizational documents, collaborate with underwriters, attorneys, title and insurance partners to meet closing conditions, and serve as a training resource for less experienced associates.
Location: Plano
Workplace: Onsite
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Prepare and review complex commercial loan documents for SBA Express, 7A, and 504 new loans, renewals, extensions, and modifications.
  • •Conduct lien searches and related due diligence, resolve outstanding lien issues, and prepare lien perfection documents to protect collateral interests.
  • •Review documents from associates or outside counsel for compliance with bank policy, banking regulations, and applicable SOPs, then authorize closings.
  • •Review organizational documents and third-party materials (appraisals, surveys, flood determinations/policies) to ensure conformity with bank/SBA SOP standards.
  • •Coordinate issuance of letters of credit and partner with underwriters, relationship managers, customers, agent banks, attorneys, title companies, and insurance agents to ensure closing conditions are met.

Pay and Benefits

Salary: USD 80,800 - 92,200 annually

Key Requirements

  • •High School Diploma, GED, or equivalent certification.
  • •At least 3 years of experience in Microsoft Office or G Suite.
  • •At least 3 years of experience in Banking or Financial Services.
  • •At least 3 years of SBA Loan Closing experience (Express, 7a and 504).
  • •At least 3 years of customer service experience in a commercial lending support role.
Experience:BankingFinancial servicesCommercial lendingSBA lending
Education:High School
Skills:Customer serviceDocumentation expertiseAttention to complianceWork prioritization
Tech Stack:Microsoft OfficeG SuiteLaserProEtranWord templates

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn