SBA Underwriter I

United Community; United States Virgin Islands; On-site; USD 77,000 - 82,000; Full time

Job summary

United Community is seeking a loan underwriter to specialize in SBA 7a, SBA 504, and USDA loans. The role involves gathering financial data, analyzing complex credit information, underwriting loan requests, and preparing credit memorandums while coordinating activity in the credit process.

Responsibilities include using Moody’s Analytics software, ordering third-party reports, and ensuring timely, compliant loan processing. Remote work with potential travel may apply.

Qualifications

• High school diploma or equivalent; bachelor’s degree preferred.
• 1 year SBA 7a and 504 loan underwriting experience; 5+ years preferred.
• Thorough knowledge of SBA lending rules, regulations and practices.
• Formal credit training preferred.
• Excellent interpersonal and written skills.
• Ability to underwrite and handle a large volume of loans.
• Proficiency in Word and Excel.

Responsibilities

• Underwrite SBA loans in accordance with the Bank’s policies and procedures.
• Analyze complex financial information utilizing Moody’s Analytics software.
• Facilitate ordering and receiving third party credit reports (appraisals, environmental, credit bureaus, OFAC).
• Deliver excellent service to customers inside and outside the Bank.
• Provide frequent communication to all parties involved in transactions.
• Manage the process to ensure timely reviews and accurate, efficient closing of loans.
• Provide guidance and training to team members involved in processing and funding loans.
• Ensure all loans comply with regulatory requirements.
• Maintain knowledge of underwriting guidelines and contribute to policy input.
• Review and sign off underwriting conditions promptly.
• Ensure pre-funding quality control steps are completed.

Skills

Interpersonal skills

Written communication

Verbal communication

Ability to underwrite high loan volume

Administrative/Technical skills

Education

High School Diploma or equivalent

Bachelor's degree

Tools

Moody’s Analytics software

Word

Excel

Job description

Overview

This position is responsible for underwriting SBA 7a, SBA 504 and USDA loans in a specialized industry vertical. The candidate will gather financial/borrower information, analyze complex financial and credit information, underwrite loan requests, recommend credit actions, prepare credit memorandums and coordinates activity in support of the credit process.

This position is responsible for underwriting SBA 7a, SBA 504 and USDA loans in a specialized industry vertical. The candidate will gather financial/borrower information, analyze complex financial and credit information, underwrite loan requests, recommend credit actions, prepare credit memorandums and coordinates activity in support of the credit process.

What You’ll Do

• Underwriting SBA loans in accordance with the Bank’s policies and procedures
• Analyze complex financial information utilizing Moody’s Analytics software.
• Facilitate ordering and receiving all third party credit related reports that include but are not limited to: appraisals, environmental, credit bureaus, OFAC
• Delivering excellent service to customers both inside and outside the Bank
• Providing frequent communication to all parties involved in transactions in a positive and constructive manner
• Effectively managing the process to ensure loan requests are being reviewed efficiently, that customers receive timely answers, and that approved transactions are completed quickly and accurately
• Providing guidance and training to team members involved in processing and funding of loans
• Ensuring all loans comply with regulatory requirements
• Maintaining knowledge of company underwriting and lending guidelines and provide input to guidelines when requested
• Maintains and applies a thorough understanding of the bank's credit policy, SBA eligibility and all necessary business practices to ensure the submission of accurate and complete loan application packages
• Reviewing and signing off all underwriting conditions in a timely manner
• Ensuring proper pre-funding quality control steps are taken on all loans
• Responsible for adhering to and complying with all Bank policies and Federal and State banking laws and regulations
• Other duties as assigned

Requirements For Success

• High school diploma or equivalent; Bachelor's degree preferred
• Minimum of 1 year of SBA 7a and 504 loan underwriting experience; 5+ years preferred
• Thorough knowledge of SBA lending rules, regulations and practices
• Formal credit training is preferred
• Excellent interpersonal and written skills
• Ability to underwrite and handle a large volume of loans
• Administrative/Technical Skills
• Verbal and written communication and presentation skills
• Knowledge of Word and Excel
• Participate and complete all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.

Conditions of Employment

Must be able to pass a criminal background & credit check.

FLSA

Non-Exempt

SUPERVISORY RESPONSIBILITY

N/A

WORK ENVIRONMENT

US – Remote

POSITION TYPE

This is a full-time position

TRAVEL

This position encourages up to 5% travel.

Other

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

Pay Range

USD $76,958.00 - USD $82,019.00 /Yr.