SBA Underwriter

Description

Structure, analyze and underwrite moderately complex (SBA 7(a), 504, and Express loans) in accordance with MACU, SBA, and NCUA rules and regulations, participates in department administration functions, and participates in all aspects of the SBA lending cycle.

LOCATION

Mountain America Center - In Office:

9800 S Monroe St
Sandy, UT 84070

SCHEDULE

Full Time

Job Description

To be effective, an individual must be able to perform each job duty successfully.

Underwrites and structures moderately complex SBA loans including SBA 7(a), Express and 504 Loan Programs; prepares credit presentations, documenting credit analyses and recommendation for credit decision to approving authority.
Prepares timely, concise and accurate credit recommendations with supervision. Includes: (1) quantitative components within the underwriting narrative; (2) accurate use of risk rating scoring matrix, both quantitative and qualitative rating elements, to ensure loans are properly risk-rated; and (3) accurate identification and mitigation of risk, including all policy exceptions, procedures and compliance regulations.
Has an advanced understanding of SBA eligibility and underwriting processes per the SBA’s Standard Operating Procedures and MACU standards.
Understands and demonstrates a high level of written communication relating to credit memos, addendums, memorandums, and all forms of written communication.
Analyzes repayment ability including business and personal cash flow.
Performs financial ratio analysis comparative to industry standards.
Performs financial stress testing analysis.
Reviews and interprets personal and business credit reports.
Makes recommendation regarding approval or denial of a loan request.
Prepares commitment letters.
Reviews professional real estate appraisals.
Reviews professional environmental reports and assesses risk.
Performs internal real estate, equipment and business valuations.
Analyzes commercial leases.
Attends loan committee.
Reviews and provides feedback to other underwriters in relation to credit memos, addendums and memorandums.
Reviews loan closing requirements.
Ensures regular communication through the origination process with loan officers, loan closers, management and members.
Provides superior customer service both internally and externally with regard to SBA loan programs.
Is able to manage up to six to eight loan files at a given time.
Works together with all teams to accomplish monthly, quarterly and annual goals.
Provides excellent customer service over the phone, email and in person.
Performs other duties as assigned

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

Five years underwriting experience in a progressive lending setting.

Education

Bachelor’s degree from an accredited institution in business, finance, economics or related field. Education will be verified.

Licenses, Certifications, Registrations

Must qualify for access to SBA systems and not be listed on any SAM search or SBA debarment lists

Managerial Responsibility

Has no supervisory/managerial responsibilities.

Computer/Office Equipment Skills

Intermediate skills with Microsoft Office Suite including Outlook, Word, and Excel.
Experience with analytical and reporting software preferred.
Experience with SBA eTran preferred.
Experience with Symitar preferred.

Language Skills

Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations.
Demonstrated ability to present information in a manner appropriate for key stakeholders and all levels of the organization.

Strong writing and grammatical skills relating to preparing credit memos, addendums, memorandums, and all forms of written communication.

Other Skills and Abilities

Ability to work both autonomously and collaboratively in a fast-paced environment.
Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines.
Adaptive to change, responds positively to altered circumstances or conditions.

Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc.
Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.
Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.).

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands