Job description
Overview
This position is responsible for underwriting SBA 7a, SBA 504 and USDA loans in a specialized industry vertical. The candidate will gather financial/borrower information, analyze complex financial and credit information, underwrite loan requests, recommend credit actions, prepare credit memorandums and coordinates activity in support of the credit process.
What You’ll Do
Underwriting SBA loans in accordance with the Bank’s policies and procedures
Analyze complex financial information utilizing Moody’s Analytics software.
Facilitate ordering and receiving all third party credit related reports that include but are not limited to: appraisals, environmental, credit bureaus, OFAC
Delivering excellent service to customers both inside and outside the Bank
Providing frequent communication to all parties involved in transactions in a positive and constructive manner
Effectively managing the process to ensure loan requests are being reviewed efficiently, that customers receive timely answers, and that approved transactions are completed quickly and accurately
Providing guidance and training to team members involved in processing and funding of loans
Ensuring all loans comply with regulatory requirements
Maintaining knowledge of company underwriting and lending guidelines and provide input to guidelines when requested
Maintains and applies a thorough understanding of the bank's credit policy, SBA eligibility and all necessary business practices to ensure the submission of accurate and complete loan application packages
Reviewing and signing off all underwriting conditions in a timely manner
Ensuring proper pre-funding quality control steps are taken on all loans
Responsible for adhering to and complying with all Bank policies and Federal and State banking laws and regulations
Other duties as assigned
Requirements For Success
High school diploma or equivalent; Bachelor's degree preferred
Minimum of 1 year of SBA 7a and 504 loan underwriting experience; 5+ years preferred
Thorough knowledge of SBA lending rules, regulations and practices
Formal credit training is preferred
Excellent interpersonal and written skills
Ability to underwrite and handle a large volume of loans
Administrative/Technical Skills
Verbal and written communication and presentation skills
Knowledge of Word and Excel
Participate and complete all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
Conditions of Employment
Must be able to pass a criminal background & credit check.
FLSA: Non-Exempt
SUPERVISORY RESPONSIBILITY: N/A
WORK ENVIRONMENT: US – Remote
POSITION TYPE: This is a full-time position
TRAVEL: This position encourages up to 5% travel.
OTHER
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
Pay Range
USD $76,958.00 - USD $82,019.00 /Yr.Originally posted on Himalayas
Who can apply
Eligible countries: United States. Accepted UTC offsets: UTC-10, UTC-9, UTC-8, UTC-7, UTC-6, UTC-5, UTC+14. Review the full description for employer-specific work authorization, residency and schedule requirements.