SBA Loan Underwriter & Credit Analyst

Velocity Truck Group; Pasadena, Irving (CA, TX); On-site; USD 95,000 - 120,000; Full time

Benefits offered by this job

Fantastic Culture

401k + match

Health, Dental & Vision Insurance + Hs

FSA

Employer paid Life Insurance

Paid Vacation Days

Sick Leave

Employee discounts and events

Training programs

Job summary

Velocity Vehicle Group is seeking an experienced SBA loan underwriter to assess SBA 7(a) loan applications under the supervision of the Credit Team Lead. The role involves financial statement analysis, risk assessment, and underwriting in a fast-growing lender environment.

Responsibilities include spreading and analyzing borrower financials, ordering third‑party reports, preparing Credit Memoranda, and coordinating with the Closing Team to ensure timely loan processing and compliance with

Qualifications

• Minimum 3-5 years of underwriting and spreading of SBA 7(a) loans.
• Professional speaking and presentation skills.
• Basic understanding and knowledge of SBA eligibility and guidelines.
• Ability to identify and mitigate credit risks.
• Ability to analyze and interpret financial statements, business reports and legal documents.
• Good judgment and problem-solving skills Proficient business writing skills.

Responsibilities

• Responsible for underwriting and conducting due diligence of SBA 7a loan transactions under the supervision of the Credit Team Lead and/or Credit Manager.
• Spread and analyze financial information of loan applicants and evaluate the information according to internal Credit Policies & Procedures.
• Order 3rd party reports (e.g. Appraisal, Environmental, or Business Valuation) with approval from Credit Team Lead and/or Credit Manager.
• Prepare Credit Memorandum and ensure it is underwritten to the policies and procedures of Crossroads Small Business Solutions and the SBA.
• Coordinates processing of approved loans and ensuring that loans are processed according to customer needs and conforming to internal lending policies.
• Exercise discretionary and independent judgment in preparing and recommending credit approval to the Management Loan Committee.
• Coordinate with the Closing Team to efficiently process transactions.

Skills

SBA underwriting

Financial analysis

Credit risk assessment

Professional communication

Business writing

Job description

Velocity Vehicle Group is seeking an experienced SBA loan underwriter to assess SBA 7(a) loan applications under the supervision of the Credit Team Lead. The role involves financial statement analysis, risk assessment, and underwriting in a fast-growing lender environment.

Responsibilities include spreading and analyzing borrower financials, ordering third‑party reports, preparing Credit Memoranda, and coordinating with the Closing Team to ensure timely loan processing and compliance with