Get It Recruit - Real Estate

Mortgage Loan Underwriter - Remote | WFH

Get It Recruit - Real Estate La Canada Flintridge, CA
Get It Recruit - Real Estate

Mortgage Loan Underwriter - Remote | WFH

Get It Recruit - Real Estate La Canada Flintridge, CA
1 month ago 88 applicants

See who Get It Recruit - Real Estate has hired for this role

Job Summary

We are seeking a skilled and detail-oriented SBA Credit Analyst/Underwriter to join our team. In this role, you will be responsible for analyzing and underwriting Small Business Administration (SBA) 7a, 504, and USDA loans. You'll collaborate closely with our loan officers, processors, and fellow underwriters to ensure that loan applications are thoroughly evaluated and align with SBA guidelines and company policies.

Key Responsibilities

  • Loan Evaluation: Review and analyze loan applications and financial documents to assess creditworthiness and conduct risk assessments.
  • Financial Analysis: Perform comprehensive financial analysis and cash flow projections to determine borrowers' ability to repay loans.
  • Compliance Check: Evaluate collateral and loan structure, ensuring full compliance with SBA guidelines and internal policies.
  • Documentation: Prepare detailed credit memos and loan packages for submission to the SBA and other lending institutions.
  • Communication: Work closely with loan officers and processors to gather necessary information and resolve any discrepancies.
  • Performance Monitoring: Track and monitor loan performance, providing support to borrowers in addressing any issues or concerns.
  • Regulatory Awareness: Stay current with SBA regulations and guidelines, offering guidance to loan officers and processors to ensure compliance.
  • Credit Committee Participation: Take part in credit committee meetings, providing well-informed recommendations on loan approvals or denials.
  • Process Improvement: Collaborate with team members to enhance processes and procedures for underwriting and portfolio management.
  • Organized Record Keeping: Maintain accurate and organized loan files and documentation.

Qualifications

  • Education: Bachelor's degree in finance, accounting, or a related field.
  • Experience: At least 5 years of experience in SBA loan underwriting and credit analysis, specifically with 7a, 504, or USDA loans.
  • Knowledge: Strong understanding of SBA regulations and guidelines.
  • Skills: Excellent analytical, problem-solving, and multitasking abilities, with a keen attention to detail.
  • Collaboration: Ability to work independently and as part of a collaborative team in a fast-paced environment.
  • Communication: Exceptional communication and interpersonal skills.
  • Technology: Proficiency in Microsoft Office and loan processing software.
  • Certification: SBA underwriting SOP certification is a plus.

Employment Type: Full-Time

  • Seniority level

    Mid-Senior level

  • Employment type

    Full-time

  • Job function

    Finance and Sales

  • Industries

    Human Resources Services

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