SBA Underwriter - Salary 70000-100000 DE12192022

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Seeking SBA underwriter - 2 years’ experience An SBA underwriter assesses the credit risk of a small business before approving financial loans, typically for fixed assets such as real estate or machinery. They base their decision on income, loan amount, and the ability of a borrower to repay the lender.
These standards comply with those identified in the SBA SOP and ratified by the Board. Additionally, it is absolute that each underwriter exert the desired characteristics and commitment to hard work, industry expertise, professionalism, integrity and dedication to excellence that is imbedded within our culture.
The result of this commitment will be measured by how well we perform relative to our competition in terms of SBA 504 loan volume in dollars and units as well as on going audits both internal and external.
Underwriting/SBA Knowledge –
It cannot be emphasized enough that all underwriters must adhere and effectively comply with all applicable policies and procedures. Underwriters must be able to comprehend and interpret the SBA SOP as this is essential to daily operations and defined role. Underwriters are held responsible to insure all necessary documents, with applicable signature(s), are in file in order to comply with random audits both internal and external. It is essential to keep abreast of economic conditions and changes in the market and SBA industry, including any updates to underwriting standards in order to deliver a sound risk decision. SBA eligibility requirements, risk identification, credit analysis, remediation, process loan package and procurement of an SBA guarantee is not the Business Development Officer’s responsibility, this is a credit determination and accountability lies with the underwriting team.

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