SBA Loan Underwriter

The SBA Underwriter is responsible for analyzing credit and financial statements for borrowers and making recommendations regarding the extension of credit for SBA 7(a) Loans.
Duties:

• Interpret and analyze information from multiple sources, including reporting services, credit bureaus, credit reports, customer information, legal documents and other industry data to make informed underwriting decisions.
• Perform credit risk analysis for government guaranteed SBA 7a loans.
• Determine Small Business Administration eligibility on SBA loan requests. Prepare all financial documentation, analyze and structure loans, assign risk rating and prepare approval documents.
• Ensure loan packages are complete and contact borrowers to gather and follow up on information needed.
• Prepare complex credit memos for review and approval.
• Prepare and issue commitment letters.
• Ensure compliance with the Bank's credit risk management strategy, credit policy and the SBA loan program.
• Package loans for submission and obtain applicable approvals / authorizations. Coordinate the submission process, corresponding directly with SBA office and loan applicant.
• Maintain a working knowledge of all SBA regulations, bank policies and regulatory requirements.
• Assist with SBA 7a reporting.
• Comply with Bank Secrecy Act and Anti-Money Laundering federal regulations and guidelines, internal bank policies, and complete annual training requirements.

• Bachelor's degree in business or related field.
• At least 5 years of experience in SBA Lending, Credit Analysis and Underwriting required.
• Must have a working knowledge of the SBA7(a) loan program, financial statement analysis, cash flow and collateral analysis.
• Ability to underwrite large credit exposures.
• Excellent written and verbal communication skills.
• Strong organizational skills.
• Ability to perform detail-oriented work with a high degree of accuracy.
• Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook and Teams).