SBA Underwriter II
: Job Details :

About iBusiness Funding iBusiness Funding is a leader in providing innovative Software as a Service (SaaS) solutions for banks and lenders, with a specialization in SBA lending. We build scalable lending platforms that streamline the business lending process, allowing lenders to efficiently deliver capital to small and medium-sized businesses. To date, we've processed over $7 billion in SBA loans and handle more than 1,000 business loan applications daily. Our team is driven by our core values of innovation, integrity, enjoyment, and family. As a top five SBA 7(a) preferred lender, our parent company offers SBA express and small loan capabilities. Join us and be part of a team that's transforming the finance industry and empowering businesses to thrive! Position Description:We are looking for an experienced SBA Underwriter to join our dynamic and growing team. You will be reviewing and evaluating SBA 7A applications for our small loan and other SBA products. Your responsibilities include the evaluation and underwriting of SBA loan applications to determine credit worthiness and repayment ability. Through the analysis of consumer financial information, you will ensure sound credit decisions are made in accordance with the SBA SOP and lender policies and procedures.Major Areas of Responsibility: Reviews each assigned SBA application following completion of the pre-screen process Apply knowledge of SBA SOP and lender process and procedures to evaluate loan applications for accuracy and eligibility requirements. Periodically engages in discussions of prospective loan requests with BDA/BDOs, prospective borrowers, closing partners, and Credit Leadership Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors Reviews business and personal credit reports, as well as industry and market data Identifies and properly mitigates all risks associated with each assigned SBA application Prepares an appropriately detailed Credit Memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks Evaluates third party appraisal(s) on real estate, business valuation(s) and environmental assessment (s), tax transcripts, Lease, Franchise Agreements, etc. Reviews documentation upon completion for compliance with loan conditions. Maintains knowledge of lender, risk rating requirements and compliance standards. Demonstrates excellent working knowledge of all systems utilized by the departmentExperience: Bachelor's degree in accounting, finance, or related field Three (3) or more years of SBA experience is a must Three (3) or more years in commercial loan underwriting, financial analysis, or portfolio management experienceRequired Knowledge, Skills, and Abilities: Ability to prioritize and operate with a sense of urgency Proficient in financial spreading Strong verbal and written communication skills Organized, detail-oriented, and able to multi-task Strong analytical and problem-solving skills Ability to work collaboratively with multiple stakeholdersConclusion: This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities, or working conditions associated with the position. The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information, or any other characteristic protected by law.