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SBA Underwriter

Company: VelocitySBA
Location: Stratford
Posted on: January 9, 2022

Job Description:

VelocitySBA (velocitysba.com) is a leading non-bank SBA lender and one of fourteen SBA-licensed Small Business Lending Companies approved to provide financing solutions nationwide. Our team of experienced SBA lending professionals is committed to meeting the needs of small business clients by understanding their unique capital requirements. -VelocitySBA's focused and common-sense approach to SBA lending along with cutting-edge technology quickly delivers custom tailored solutions that today's business community needs to succeed.

We have a new opportunity for a SBA Underwriter to work in either the Los Angeles or Orange County areas. (The role will be remote as we work through the COVID-19 environment.) -Will be responsible for underwriting and conducting due diligence of SBA 7a loan transactions through:
Analyzing and evaluating financial information of loan applicants.
Preparing Credit Memorandums and ensuring they are underwritten according to policies and procedures.
Exercising discretionary and independent judgment in preparing and recommending credit approval to the Management Loan Committee.
Coordinating processing of approved loans and partnering with the Closing Team to efficiently process transactions.

Candidates should possess three or more years experience in SBA 7a loan underwriting that includes a strong understanding and knowledge of SBA eligibility and guidelines with a background in identifying and mitigating credit risks and analyzing and interpreting financial statements, business reports and legal documents. -In addition, must possess excellent communication and presentation skills and thrive working in a team-based collaborative environment.

Keywords: VelocitySBA, Visalia , SBA Underwriter, Other , Stratford, California

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