Minimum 3-5 years of underwriting and spreading of SBA 7(a) loans
Professional speaking and presentation skills
Basic understanding of SBA eligibility and guidelines
Ability to identify and mitigate credit risks
Strong analytical skills for financial statements and legal documents
Good judgment and problem-solving abilities
Proficient business writing skills
Responsibilities
Underwrite and conduct due diligence on SBA 7(a) loan transactions
Analyze financial information of loan applicants per internal policies
Order necessary 3rd party reports with appropriate approvals
Prepare Credit Memorandum in compliance with policies
Coordinate processing of approved loans to meet customer needs
Exercise independent judgment in credit approval recommendations
Collaborate with the Closing Team for efficient transaction processing
Benefits
Fantastic Culture
401k with match
Health, Dental & Vision Insurance with HSA & FSA
Employer-paid Life Insurance
Paid Vacation Days
Sick Leave
Employee discounts, company events, and training programs
Excellent Training and Career Advancement Opportunities
Full Job Description
Principal Responsibilities:
Responsible for underwriting and conducting due diligence of SBA 7a loan transactions under the supervision of the Credit Team Lead and/or Credit Manager.
Spread and analyze financial information of loan applicants and evaluate the information according to internal Credit Policies & Procedures.
Order 3rd party reports (e.g. Appraisal, Environmental, or Business Valuation) with approval from Credit Team Lead and/or Credit Manager.
Prepare Credit Memorandum and ensure it is underwritten to the policies and procedures of Crossroads Small Business Solutions and the SBA.
Coordinates processing of approved loans and ensuring that loans are processed according to customer needs and conforming to internal lending policies.
Exercise discretionary and independent judgment in preparing and recommending credit approval to the Management Loan Committee.
Coordinate with the Closing Team to efficiently process transactions.
Required Qualifications:
Minimum 3-5 years of underwriting and spreading of SBA 7(a) loans
Professional speaking and presentation skills
Basic understanding and knowledge of SBA eligibility and guidelines
Ability to identify and mitigate credit risks
Ability to analyze and interpret financial statements, business reports and legal documents
Good judgment and problem-solving skills • Proficient business writing skills
Compensation:
Base Salary: $95,000-$120,000/year (based on experience, qualifications and location)
Plus Bonus Incentive
Full-time position
Physical Requirements:
Must be able to pass post-offer drug screening and background check
Benefits Velocity Vehicle Group Offers:
Fantastic Culture
401k + match
Health, Dental & Vision Insurance + HSA & FSA
Employer paid Life Insurance
Paid Vacation Days
Sick Leave
Company perks such as employee discounts, company events and training programs
Excellent Training and Career Advancement Opportunities
