SBA Loan Underwriter

About the role

The SBA Loan Underwriter facilitates the accurate and timely analysis and underwriting of SBA 7(a) and 504 loan submissions to the point of bank credit decision.

Responsibilities

• Review credit packages for completeness and accuracy.
• Analyze and spread borrower financials to determine cash flow, ratios, personal and business strengths, and identify issues for further investigation.
• Interview and interact with principals as needed to address questions and concerns.
• Generate narrative credit write-ups for review by approval authorities, making revisions as required.
• Complete commitment letters or declination letters and communicate decisions to the Business Development Officer and/or borrower.
• Collaborate with the closing department on changes to original approvals and review/approval of third-party reports.
• Work with Business Development Officers, closers, and borrowers to resolve issues that arise during the loan process.
• Expand knowledge and expertise through continuing education, webinars, and exposure to a diverse range of borrowers for a national PLP lender.
• Complete transaction spreadsheets and financial analysis.
• Prepare credit presentations, credit modifications, loan commitment letters, and other reports.
• Present credit requests to the EB&T credit committee as needed.
• Review third-party reports (appraisal, environmental, etc.) for completeness and accuracy.
• Approve invoices for third-party reports ordered.
• Participate in special projects as assigned by management.

Requirements

• Minimum of four years of experience in underwriting for SBA lending or commercial finance organization.
• Bachelor’s degree, preferably in business, economics, finance, or banking with a strong background in accounting and finance.
• Knowledge of GAAP accounting.
• Experience with tax analysis is a bonus.

Skills

• High attention to detail.
• Able to prioritize and reprioritize work tasks to deliver under tight deadlines.
• Strong verbal and written communication skills.
• Comfortable navigating conflicting views and articulating a clear point of view.
• Willingness to take ownership of recommendations and balance loan production with risk/reward considerations.
• Able to collaborate effectively with peers, lenders, and superiors.