What are the responsibilities and job description for the SBA Underwriter position at Waterstone LSP, LLC?
The SBA Underwriter plays a crucial role in the loan origination process, ensuring that Small Business Administration (SBA) loan applications are eligible and credit worthy. The SBA Underwriter takes the lead in underwriting complex loans for SBA eligibility determination and credit risk assessment.
Key Responsibilities:
- Loan Analysis: Conduct thorough analysis of loan applications, financial statements, and related documents to assess creditworthiness.
- Risk Assessment: Evaluate the potential risks associated with loan applicants and recommend appropriate credit limits.
- SBA Compliance: Ensure all underwriting activities adhere to SBA’s Standard Operating Procedures (SOP) and guidelines.
- Decision Making: Make credit recommendations on new and renewal SBA loans, ensuring they align with the bank’s policies and procedures.
- Collaboration: Work closely with loan officers, borrowers, and SBA representatives to facilitate the loan process.
Qualifications:
- Education: Bachelor’s degree in finance, business administration, or a related field.
- Experience: Experience in SBA loan underwriting, with a track record of successful loan approvals.
- SOP: Knowledge with complete understanding SBA SOP 50 10 7 with
- Credit Analysis: Strong ability to analyze financial data and interpret economic trends.
- Accuracy: Keen eye for detail to ensure accuracy in all aspects of the underwriting process
- Technology: Proficient in MSOffice suite & SBA E-Tran
- Communication: Good communication skills with clients and lenders