What are the responsibilities and job description for the SBA Underwriter position at MRISpokane?
Job Description
Job Description
Position : Small Business Specialty Lending Underwriter
Location : Remote (Eastern or Central Time Zones)
Position Overview :
The Small Business Specialty Lending Underwriter supports Business Development Officers by analyzing loan and financial data, preparing loan packages, and presenting loans for approval or committee review.
Primary Responsibilities :
- Conduct financial analyses, including profitability, liquidity, solvency, collateral, and cash flow assessments.
- Underwrite commercial credit by identifying key issues, evaluating working capital, and interpreting financial ratios using corporate and personal financial statements and tax returns.
- Prepare financial spreads using relevant software tools accurately and efficiently.
- Develop comprehensive loan approval packages, incorporating financial spreads, analyses, collateral assessments, loan memorandums, terms and conditions summaries, debt sheets, and other key details.
- Gather and review financial and supporting documentation to complete loan packages.
- Assist in structuring SBA and USDA loan applications.
- Stay up to date on SBA and USDA regulations and ensure compliance with program guidelines.
- Review and adhere to government-guaranteed lending SOPs to ensure program eligibility.
- Perform additional duties as assigned.
Qualifications & Experience :
Equal Opportunity Employer / Minorities / Females / Disabled / Veterans / Drug-Free Workplace
