What are the responsibilities and job description for the SBA Underwriter II position at Veritex Team?
Job Summary:
The SBA Underwriting Officer is responsible for 1) providing credit decision makers with the in-depth, independent risk analysis necessary for making informed credit decisions; 2) producing SBA-compliant credit memos to ensure loan guaranty protection; and 3) staying abreast of the SBA SOP to ensure government guaranty program eligibility and loan guaranty compliance.
Responsibilities and Duties:
Underwrite the creditworthiness of prospective and existing borrowers applying for government guaranty loan programs (7a & 504) assisting SBA Lenders and credit decision-makers in determining repayment ability and loan eligibility. Ensure appropriate credit underwriting, reliable risk assessment, and credit loss minimization consistent with credit policy and regulatory requirements.
Confirm government guaranty loan program eligibility.
Complete financial statement analysis for reasonable assurance of loan repayment.
Confirm accuracy ofuse of proceeds chart.
Confirm equity injection source.
Guarantor analysis.
Industry analysis.
Complete collateral assessment in accordance with the government guaranty loan program requirements.
Prepare in-depth credit packages and recommend credit decision to the SBA Lender and SBA Senior Credit Officer.
Interact with the SBA Senior Credit Officer and SBA Lenders and participate in loan presentations to provide additional information and/or support conclusions reached in analysis. Serve as an accomplished resource regarding credit/industry analysis.
Ensure the credit memo is completed in compliance with established Bank credit policy, procedure, and business strategy as well as SBA SOP guidelines.
Suggest an asset quality rating based on relationship review.
Complete / maintain SBA Underwriter sections of the Bank’s loan origination system (Sageworks).
Collaborate with the SBA Underwriting Manager regarding underwriting procedures, continuous process improvement, and the line of business lending strategy.
Assist fellow GGLD team members resolving complicated credit and underwriting issues achieving satisfactory resolutions.
Job Skills and Qualifications:
Bachelor's degree or Bachelor of Science in related discipline, or equivalent work experience.
5 – 7 years' experience in credit underwriting or related experience with a focus on government guaranty loan programs (7a & 504).
Thorough knowledge of SBA Standard Operating Procedures and eligibility criteria.
A high level of interpersonal skills to communicate policies, procedures, and objectives effectively throughout the Bank and to cultivate working relationships with bankers and clients.
A high level of analytical skill to assess and manage areas of responsibility, including determination of credit risk involved and making final approval decisions.
Strong written and verbal communications skills.
Thorough knowledge of commercial loans, principles, policies, and practices.
Knowledge of current lending laws and regulations.
