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Manhattan-based commercial bank seeks a Commercial Loan Underwriter with extensive SBA experience to underwrite SBA and conventional commercial loans. Salary is commensurate with experience and standard benefits are available.

  • Analyze financial and qualitative data to assess borrower s financial status, creditworthiness and specific loan or industry risks;
  • Make recommendations regarding loan structure, pricing, use of funds and equity injection;
  • Draft credit memos per bank s underwriting criteria, policies and procedures to reflect a detailed understanding of each credit, its strengths, weaknesses and associated mitigants;
  • Conduct site visits and contact borrowers/brokers to request financial and qualitative data;
  • For SBA loans, gather SBA documentation and evaluate loans to confirm SBA eligibility and to ensure loans conform to SBA guidelines;
  • Collect and verify the accuracy and completeness of required documentation; and
  • Assist with other deliverables as necessary.

SDL2017


Associated topics: banker, banking product, client, loan officer, loan originator, loan servicing officer, mortgage loan officer, officer, personal banker i, personal banker ii

Read the full job description and apply online on the recuiter's web-site

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