SBA Closing Specialist

Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.

At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.

We're hiring a SBA Closing Specialist to join our SBA Lending Team.

Maintain weekly Loan Closing Pipeline report and provide to department members

As loans are approved by underwriting:

Upon Acceptance of a Commitment Letter

• Engage SBA loan documentation attorney or coordinate receipt of internally prepared loan documents with applicable Bank team members
• Obtain all borrower and guarantor due diligence items, including public records searches and coordination of environmental and real estate valuation reports as outlined within loan approval and Commitment Letter
• Manage receipt of borrower's insurance policy information, including assignments of life insurance and commercial/homeowner's insurance endorsements with proper language issued in accordance with SBA and Bank policy
• Secure copies of any leases and associated Landlord's Waivers. Ensure that leases are of the required term and Landlord's Waivers are in a form acceptable to both the SBA and the Bank
• Manage receipt of all additional loan closing checklist items as they may appear and as outlined in Commitment Letter; maintain accurate and up-to-date closing checklists for each loan file using template
• Collaborate with all applicable internal departments, including Loan Boarding, Centralized Funding, BSA/Risk Management and Credit Support along with Bank counsel to ensure loan is ready to close
• Finalize equity injection sub-folder as applicable in collaboration with the SBA Underwriting Team
• Communicate items to be paid at closing with loan proceeds to SBA Operations Administrator for creation of loan disbursement sheet
• Obtain "clear to close" from Senior Credit Officer, SBA Underwriter, or Managing Director AND Bank counsel prior to documents being released; secure receipt of all final execution copies of loan document packages, and add all SBA-specific forms, for each deal and provide to Relationship Manager

Post-Closing Responsibilities

• If the loan has a Post-Closing Agreement, provide copies to applicable SBA Lending Team members. Collaborate with SBA Portfolio Manager and Operations Team to satisfy outstanding post-closing requirements.

Responsible for compliance with laws and regulations that apply to the position, including the Univest Code of Conduct

Perform additional duties as required by SBA Managing Director

2+ years' experience working within commercial lending operations or origination, or equivalent related experience.

Familiarity with SBA Standard Operating Procedures (SOP) and SBA 7(a) loan structures preferred.

Ability to act freely in a high-volume environment and complete routine tasks with little supervision.

Strong written and verbal communication skills.

Strong organizational skills with the ability to multi-task and work within a deadline-driven environment.

Professional appearance, strong interpersonal skills, positive and professional attitude.

Proficient in Excel, Word, and Outlook. Experience with Jack Henry suite and regional property search providers preferred.

Wage Range:

The salary for this position ranges from $60,000 - $80,000 annually

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 15 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

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An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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