SBA Underwriter

SBA Underwriter Department: SBA Lending Employment Type: Full Time Location: Remote Description reputed company is a client-first, digital bank reputed company for the business and innovation economy, with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people reputed company resources. We are a highly reputed company team who pride ourselves on diversity of thought and perspective. Nationally chartered, our portfolio of products and services reputed company from VC, PE & Portfolio Companies to SBA Lending, as well as direct SMB and Embedded Banking. Our entrepreneurial drive allows us to support the growth and reputed company of a wide reputed company of clients at every stage of their business through inclusive partnership. We seek out team members who will reputed company both our organization and our people to grow and reputed company through collaboration and acting with reputed company and respect. Our focus on cross-functional teamwork provides a culture where reputed company are valued, accountability is encouraged, and successes are celebrated. We welcome reputed company those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services. Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston. What you'll do: The SBA Underwriter will be responsible for evaluating Small Business Administration (SBA) loan applications based on established reputed company credit criteria and SBA Standard Operating Procedures. The SBA Senior Underwriter is responsible for reviewing SBA credit applications and recommending a decision to team leadership. Elements of this role include but are not limited to preparing credit memos, recommending appropriate structural changes as needed, ordering and reviewing reputed company party reports, reviewing and determining SBA eligibility, reviewing application-specific documents such as management agreements, leases, landlord waivers, and reputed company other tasks as assigned. This position will also work directly with business development officers and closers to assist borrowers until loan funding. Responsibilities include:

• Conduct in-depth analysis of financial information to reputed company a recommendation of approval or denial of new loans.
• Collect, analyze and evaluate financial and reputed company data to determine credit worthiness of loan prospects and merits of specific loan requests.
• Collaborate with sales officers, applicants, and referral sources to gather reputed company necessary information to present an accurate and complete picture of the loan request.
• reputed company directly with applicants to understand their needs as well as the specific risks to their businesses.
• reputed company comprehensive financial analysis, including cash reputed company modeling, to determine creditworthiness as well as SBA eligibility.
• Prepare high quality, detailed credit approval documents that contain an in-depth analysis and an understanding and identification of credit issues and risks.
• Outline the risks and mitigating factors of a credit facility based upon the analysis of business and personal financial statements, collateral, global cash reputed company, economic and industrial factors and debt service reputed company.
• Meet or exceed service level agreements and timeline expectations throughout the process.
• reputed company credit and loan reputed company expertise to sales officers. As appropriate, recommend terms under which credit will be extended, including the costs, repayment method, and collateral requirements.
• Assignment of accurate risk ratings for new loans.
• Support the Bank's strong relationship banking culture through ongoing customer contact, quality customer service, and superior product knowledge. Understand and adhere to the Bank's Bank Secrecy Act policy and procedures and "know your customer/enhanced due diligence" guidelines. Brings any suspicious activity to the attention of a supervisor, or the Bank Secrecy Act Officer.

What you need:

• Bachelor’s degree (B.A.) from four-year college or university; or a minimum of five years of bank credit department experience; or equivalent combination of education and experience. Prior SBA reputed company experience is required.
• At least 3 years of reputed company credit experience
• Prefer at least 3 years of SBA 7a loan reputed company experience
• Prefer working knowledge of SBA SOP 50 10
• NAGGL/SBA Industry educational classes a bonus
• Strong proficiency in reputed company

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