Commercial Loan Underwriter

3 weeks ago

Chicago, United States Windsor Advantage Full time
Do you enjoy a fast-paced work environment where the day seems to fly by?

Do you consider yourself to be detail-oriented and approachable?

Do you have commercial loan experience and/or SBA experience?

Do you find that you feel more motivated when you have multiple priorities going at one time?

If you answered yes to these questions - we should talk

Position Summary:

We are seeking a highly motivated, experienced, and detail-oriented SBA Underwriter to join our team. The SBA Underwriter will assist the lender with their SBA Loan request by preparing a pre-assessment for eligibility, borrower checklist, lender checklist, document collection, spreading the tax returns and other financial documents, and preparing a Credit Summary for SBA Eligibility. The Credit Summary for SBA Eligibility is written in compliance with the SBA SOP and lender loan policy and guidelines. The Credit Summary is reviewed for quality control prior to forwarding to the lender.

Requirements

Required Education:

A Bachelor's Degree in Finance or Accounting or other related area; or equivalent relevant experience.

Required Knowledge:

•Understanding of SBA Loan Programs and knowledge of eligible and ineligible loan requests.

•Understanding of credit analysis to include sources and uses of proceeds, source of equity injection, collateral analysis, applicant financial analysis of repayment ability, spread of pro-forma business balance sheet, financial ratio benchmarks, working capital adequacy, business and industry overview to include management qualifications/experience, and affiliate cash flow analysis.

Required Experience:

•Minimum 3 years of commercial loans and/or SBA/USDA loan experience

•Recent underwriting experience in a high-volume environment with full knowledge of the lending requirement, regulations, and procedures for conventional, SBA and USDA loan programs preferred.

Required Skills:

•Strong verbal and written communications skills. Must be a creative thinker and proactive problem solver with a history of working efficiently and effectively, meeting deadlines, and following projects through to completion.

•Must be organized and detail oriented.

•Strong computer skills; including a working knowledge of Microsoft

•Office Suite as well as knowledge of computer systems as they relate to commercial lending activities preferred.

Physical Demands/Work Environment Requirements:

Vision, hearing, speech, movements requiring the use of wrists, hands and/or fingers. Must be able to sit or stand. Must have the ability to work the hours needed to fulfill the essential functions of the position.

Mental Demands:

Strong analytical skills and data-driven tactics are needed to contribute to increased results-oriented experimentations, measurements, and rapid implementation when striving for operational efficiency. The ability to interact well with others in a variety of working environments or conditions. The ability to demonstrate emotional control. The ability to demonstrate strong conflict resolution strategies, regarding both customer satisfaction as well as employee relations. Must have the ability to make decisions and exercise discretion when necessary.

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