SBL Closing Manager

LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. We are the leading digital marketplace bank in the U.S., having helped our nearly 5 million members secure over $90 billion in loans to refinance high-cost debt and achieve their financial goals. Members today have mobile-first access to a growing range of products and services designed to work seamlessly together to deliver value in new ways. Everyone deserves a better financial future, and our team is committed to making that a reality. Join the Club!

• Work to maintain current knowledge of the SBA loan program as well as current banking and regulatory compliance requirements
• Participate in process improvement discussions with SBL management
• Attend or complete all required training for subject matters deemed applicable to position

Communication Management

• Manage and lead communication during the loan closing and due diligence process to coordinate all processing, loan packaging, and loan closing duties
• Provide professional level of communication to Borrowers, Sales team, Lenders and internal team members
• Provide for the accurate reporting of all loan updates and status changes within Bank’s loan processing system and servicing platform
• Coordinate the review and approval for all loan conditions including the establishment of specific tracking conditions within loan systems

Checklist, Audit and File Management

• Perform SBA audit quality review and approval of loan application, submission, closing and any documentation required for full compliance with SBA, 7(a), 504 and USDA loans
• Prepare and release weekly checklists as well as appropriate letters and communications to manage and direct the closing process
• Engage and manage third party vendors in accordance with bank and SBA standards for compliance

Documentation Audit, Submission and Control

• Prepare and review submission to SBA including all application, forms, documentation required, and entry into the SBA E-tran system
• Manage all loan documents required to assure 100% compliance with SBA and bank compliance
• Review construction documentation and ensure acceptability prior to closing
• Manage the completion of the SBA Terms & Conditions, title commitments, collateral perfection as well as all CIP and KYC minimum requirements to ensure bank compliance and acceptability for SBA Guarantee

Equity, Boarding and Funding Management

• Manage all aspects of the funding process including audit and reconciliation of equity requirements for SBA / Bank compliance
• Prepare and document loan funding for compliance with funding requirements, loan conditions and adherence to internal bank controls

Post Close Management

• Establish accurate listing of documentation needed for tickler maintenance, utilizing proper codes, worksheets and tracking systems
• Ensure final loan files are organized according to bank requirements
• Complete appropriate review of construction draws

• Paralegal certificate and/or 5+ years of SBA closing experience preferred
• Strong SBA and Commercial Loan Documentation knowledge
• Prior SOP 50-10, loan packaging, documentation and closing training from NAGGL or other training sources recommended
• Strong understanding of Construction knowledge is preferred
• Business or general accounting skills are helpful
• Loan systems and computer skills required, including Microsoft Office, loan documentation software, general computer literacy, and Laser Pro loan documentation system

Work Location
Remote
The above locations are eligible offices for this role. The locations have been determined to foster in-person collaboration with this role’s team or the related business lines. We utilize a hybrid work model, and our teams are in-office Tuesdays, Wednesdays, and Thursdays. In-person attendance is essential for this role’s success, and remote placement will not be considered. LendingClub offers relocation, based on actual job level.
Time Zone Requirements
Local hours (PT, MT, ET)
While the position will primarily work local hours, LendingClub is headquartered in Pacific Time and our ideal candidate will be flexible working across time zones when necessary.
Travel Requirements
Monthly/quarterly/as needed travel to LendingClub offices and/or other locations, as needed.
Compensation
The target base salary range for this position is 82,000-120,000. The base salary of the role will be determined by job-related knowledge, experience, education, skills, and location. Base salary is just one part of LendingClub’s Total Rewards package. You may also be eligible for long-term awards (equity) and an annual bonus (which is based on company performance, employee performance and eligible earnings).
We’re creating new financial services solutions for our members based on fairness, simplicity, and heart, and we treat our employees the same way. We offer a competitive benefits package that includes medical, dental and vision plans for employees and their families, 401(k) match, health and wellness programs, flexible time off policies for salaried employees, up to 16 weeks paid parental leave and more.
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LendingClub is an equal opportunity employer and dedicated to diversity, equity, and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), gender, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status, political views or activity, or other applicable legally protected characteristics. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system. 

We are committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you need assistance or an accommodation due to a disability, please contact us at [email protected].