Business Banking Underwriter (SBA & Conventional Loans)

Nusenda Credit Union; Albuquerque (NM); On-site; USD 80,000 - 110,000; Full time

Job summary

Nusenda Credit Union is seeking a Business Banking Underwriter to underwrite, decision, and structure conventional and SBA loan requests within policy limits. You will ensure SOPs, eligibility, and documentation, applying underwriting templates and scoring models to produce strong credit memos and clear approval packages.

The role requires 3–5 years of related experience and a Bachelor's degree in Business Administration or Finance.

Qualifications

• 3–5 years of similar or related experience.
• Bachelor's degree in Business Administration, Finance or related field.
• Knowledgeable in SBA 7(a) and 504 eligibility and documentation.

Responsibilities

• Underwrite conventional and SBA business loan requests within established policy limits using approved templates and scoring models.
• Analyze financial statements and tax returns to develop cash flow and key ratios, evaluate collateral and guarantor support, and recommend approval/decline/counter terms.
• Apply Business Banking policy metrics for system decisioned, Application Plus, and Judgmental Financial Underwriting.
• Identify deviations, document policy exceptions with mitigation, and escalate per approval authority matrix.
• Ensure loan requests are properly structured for purpose, repayment source, collateral, and guarantor support.
• Coordinate SBA checklists with Relationship Managers through LOS to meet documentation requirements and identify items to be satisfied prior to approval or closing.

Job description

Nusenda Credit Union is seeking a Business Banking Underwriter to underwrite, decision, and structure conventional and SBA loan requests within policy limits. You will ensure SOPs, eligibility, and documentation, applying underwriting templates and scoring models to produce strong credit memos and clear approval packages.

The role requires 3–5 years of related experience and a Bachelor's degree in Business Administration or Finance.