Career Opportunities
Senior Loan Closing Officer
Statewide Certified Development Corporation
Salary Range: $80,000 to – $110,000, plus bonus
Become part of the excitement in our rapidly growing business! Loan closing professionals play a crucial role in executing the CDC’s mission to serve as a dependable provider of credit to small businesses across California. This position will allow you to grow and build a career in a team focused environment that values sound credit quality and prudent underwriting standards.
Statewide Certified Development Corporation is a 501(c)(4) non-profit organization that supports economic development by making available low cost, fixed rate commercial and industrial real estate financing to expanding small businesses under the U.S. Small Business Administration’s (SBA) 504 Loan Program. We are licensed and regulated by the U.S. Small Business Administration to provide SBA 504 financing and work in partnership with a wide range of lending institutions
Position Summary: The Senior Loan Closing Officer will be responsible for managing the closing process for SBA 504 loans, ensuring compliance with SBA regulations, coordinating effectively with borrowers, lenders, escrow/title companies, and legal counsel, and delivering exceptional service through a seamless, efficient closing experience.
Key Responsibilities:
- Manage all aspects of SBA 504 loan closings through funding, including preparation, review, and submission of closing documents.
- Coordinate with borrowers, lending partners, escrow/title companies, attorneys, and SBA to ensure timely and accurate loan closings.
- Review and analyze title commitments, appraisals, environmental reports, insurance documentation, and other due diligence materials for compliance with SBA guidelines and internal policies.
- Ensure loan documents and funding conditions meet SBA 504 program guidelines.
- Communicate proactively to resolve closing issues, address borrower questions, and maintain closing schedules.
- Maintain accurate records in compliance with regulatory and company standards.
Qualifications:
- Minimum of 3 years experience in SBA lending, specifically with some experience closing SBA 504 loans.
- Knowledge of SBA Standard Operating Procedures (SOPs) and 504 loan program guidelines.
Demonstrated ability to manage multiple closings simultaneously in a deadline-driven environment. - Exceptional organizational, analytical, and problem-solving skills.
Strong interpersonal, verbal, and written communication skills. - Proficiency in loan management software and Microsoft Office applications.
Preferred Qualifications:
- Bachelor’s degree in business, finance, or related field.
- Experience working directly with CDCs or nonprofit lenders.
What We Offer:
- Competitive salary commensurate with experience
- Comprehensive benefits package including health, dental, and vision
401(k) retirement plan with company match - Professional growth opportunities in an empowering environment
Join our mission-driven team and contribute to the success and growth of small businesses in our community through SBA 504 lending.
Statewide CDC provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
