Associate Underwriter – Sbb

Associate Underwriter – Sbb

Requirements

• Minimum of a bachelor’s degree is required

Responsibilities

• Analyzes deals to determine if they are prudent loans for the Bank and the borrower
• Develops an understanding in examining, evaluating, and closing commercial extensions of credit, predominantly through SBA loan programs
• May request specified information for loan application
• Develops customer relationships through friendly, courteous and responsive service
• Develops understanding of commercial lending and SBA Program rules and procedures
• Promotes Bank’s services to current and potential customers
• Works with an experienced Loan Officer to complete the underwriting of the application to include the analysis of applicants’ financial status, credit, and property evaluation to determine if loan requests meet the bank’s and SBA’s lending criteria
• Evaluates the sources of repayment on loan requests and does a competition analysis
• Develops an understanding of bank policies and procedures as well as SBA standards and SOP’s
• Reviews the loans for SBA eligibility and verifies same
• Completes the customer interview
• Makes an assessment of the customer and resolves outstanding questions related to the transaction
• Develops expertise in use of Bank loan systems
• Ensures that all documents required for the credit approval of the loan transaction are uploaded to Sales Force
• Responsible for preparing the Credit Memorandum detailing the loan request, completing personal and business financial analysis for credit worthiness, and complying with banking regulatory guidelines and SBA eligibility, as applicable
• Submits the loan request to Credit Administration to secure approval for the transaction
• Works closely and directly with the credit officer, answers questions about the loan and the customer which allows the credit officer to become comfortable with the request
• Evaluates third party appraisal(s) on real estate, business valuation(s) and environmental assessment(s)
• Reviews documentation upon completion for compliance with loan conditions
• Maintains a pipeline of 2-3 loans in Underwriting
• Works with the Closer throughout the loan process up though the loan funding, including but not limited to file clean up, review and approval of all Underwriting items, preparation of Change Memos, complying with all Prefunding file review items as needed to ensure a smooth and timely loan closing.

Preferred Qualifications

• Formal SBA Credit training is preferred
• Credit analyst, underwriting, or lending experience is preferred