SBA Underwriter

CA - Los Angeles
Pay Rate: $63,211 per year

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We are looking for an experienced SBA Underwriter to join the team of an International Bank in Los Angeles!

You will be responsible for underwriting new SBA guarantee term loans competitively and expediently while complying with the bank's SBA underwriting standards, policies, and applicable state federal laws rules and regulations.


Job Functions:

* Ensures the needs of a borrower are met by underwriting the appropriate type of loan

* Underwrite SBA guaranteed term loans and ensure the SBA eligibility.

* Conduct financial spread and cash flow analysis.

* Conduct SBA term loan review and propose risk rating upgrade/downgrade if applicable.

* Assist to package and close SBA guaranteed loans as a team.

* Assist to keep the SOP up-to-date and provide SBA guidance and assistance to other Underwriters, Credit Analyst, Processors and Marketing Officers

* Assist to send out credit covenants reminders to SBA loan customers for collecting tax returns and financials for term loan review.

* Assist to prepare or coordinate for SBA Desk Audit and PLP renewal.

* Comply with all SBA related training and procedures.


Qualifications/Requirements:

* Must have over 3 years of SBA underwriting experience.

* Previous work-related skill, knowledge or experience is required.

* Basic computer skills including Microsoft Word, Excel, and Outlook

* Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.

* The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job

* Associates Degree and related on the job experience required
 

* Excellent benefits package- After 30 days of employment

* Healthcare

* Mental

* Vision

* Dental

* Prescription

* 401K contribution from employer


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