Government Guaranteed Loan Processor & Closer II

Job Title: Government Guaranteed Loan Processor & Closer II

Location: Phoenix, AZ (Hybrid)

Compensation: $75,000 to $78,000 annually

Industry: Financial Services

Benefits: This position is eligible for medical, dental, vision, 401(k), paid time off, paid holidays, and additional employee perks.

About Our Client:

Addison Group is partnering with our client, a growing organization in the financial services sector, to hire a Government Guaranteed Loan Processor & Closer II. This role supports expanding loan operations and plays a key part in delivering accurate, compliant, and timely loan processing and closings.

Job Description:

The Loan Processor & Closer II will coordinate all steps of the government-guaranteed loan process, working closely with borrowers, internal teams, and external partners. This role ensures documentation accuracy, compliance with SBA/USDA requirements, and smooth execution of loan closings while maintaining strong service standards.

Key Responsibilities:

• Apply working knowledge of government-guaranteed loan guidelines, documentation standards, and regulatory requirements.
• Review approved loan terms to identify required due diligence, supporting documents, and collateral conditions.
• Track receipt of upfront deposits and ensure documentation is uploaded accurately.
• Confirm compliance items such as CIP, BSA/AML, ECOA, and OFAC are completed and approved.
• Maintain clear communication with borrowers, internal teams, and third-party vendors to keep transactions on schedule.
• Order, review, and track external reports (title, flood, good-standing certificates, UCC searches, transcripts, etc.).
• Prepare and assemble loan closing documents using the designated loan documentation platform.
• Coordinate 504 loan debenture funding with the appropriate agencies.
• Ensure loans are properly set up, documented, and transitioned to servicing teams after closing.
• Identify and resolve outstanding underwriting conditions, escalating issues when necessary.
• Establish closing timelines and proactively address any obstacles to meeting borrower expectations.
• Verify liens, clear approval conditions, and ensure all compliance items are satisfied before closing.
• Facilitate scheduling and coordination of closings with title companies, borrowers, and involved parties.
• Review settlement documents, balance disbursements, and prepare funding packages.
• Support construction-related disbursements and holdbacks as needed.
• Submit packages for pre-close reviews and resolve discrepancies prior to loan finalization.
• Input and maintain accurate loan data in the origination system and manage system ticklers.
• Organize and electronically file all loan documents according to internal standards.
• Process adverse action requests and ensure compliant documentation.
• Obtain SBA approvals and submit required changes or 327 actions.
• Prepare loan files for final storage and vault submission.
• Stay current with SBA/USDA SOP updates and internal credit policy to mitigate risk.
• Offer guidance to internal staff on guaranteed loan processes and requirements.
• Assist with borrower inquiries and support audit activities.
• Perform additional tasks as assigned to support team and client needs.

Qualifications:

Must Have:

• High school diploma or GED.
• 5+ years of SBA loan processing/closing experience OR 3+ years supporting 3–5 SBA closings per month.
• Strong understanding of SBA lending programs, SOP requirements, and compliance standards.
• Experience with loan documentation systems such as LaserPro.
• Proficiency in Microsoft Office and Excel.
• Experience using core processing systems (JHA) and department platforms (Sageworks / LaserPro).
• Strong communication, problem-solving abilities, and ability to manage tight deadlines while multitasking.
• High attention to detail and commitment to accuracy.
• Knowledge of SBA 7(a), SBA 504, and conventional business loan structures.

Preferred:

• Bachelor’s degree or equivalent industry background.

Additional Details:

• Employment Type: Direct Hire
• Start Date: ASAP
• Hours: Monday–Friday, 9:00 AM – 5:00 PM (flexible lunch)
• Interview Process: Virtual meeting → Virtual interview → Offer
• Reports To: Loan Director

Perks:

• No-cost medical, dental, and vision coverage
• Generous PTO package
• 401(k) program with employer match and 3% automatic contribution at start date
• Tuition reimbursement
• Company-paid holidays and leave programs
• Long-term disability and life insurance provided
• Bilingual pay incentive for English/Spanish
• Professional growth and development opportunities

Addison Group is an Equal Opportunity Employer.

Addison Group provides equal employment opportunities to all applicants and employees regardless of race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or protected veteran status, in accordance with applicable laws. We also comply with all local and state regulations related to non-discrimination. Reasonable accommodations are available for qualified individuals with disabilities upon request.