Description
Servbank is seeking a knowledgeable and detail-oriented Underwriter with a specialized background in 504 and 7(a) lending to join our dynamic team. The ideal candidate will have extensive experience in evaluating and underwriting loan applications in accordance with SBA guidelines and Servbank's policies, ensuring thorough analysis and adherence to regulatory compliance.
About Servbank:
Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service. We work with individuals, businesses, and communities, so that whether you’re a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank.
Key Responsibilities:
- Assess and underwrite 504 and 7(a) loan applications by performing detailed financial analysis, including cash flow analysis, collateral evaluation, and risk assessment.
- Conduct thorough due diligence on borrowers by reviewing credit reports, financial statements, tax returns, and other pertinent documents to ensure completeness and accuracy.
- Ensure all loan packages comply with SBA guidelines, Servbank's policies, and relevant regulations. Stay updated on any changes in SBA loan programs and incorporate them into the underwriting process.
- Prepare clear, concise, and comprehensive credit memorandums summarizing the creditworthiness of applicants and making informed recommendations for loan approval.
- Work closely with account managers, credit analysts, and other team members to streamline the loan approval process and address any issues or concerns identified during the underwriting process.
- Identify and mitigate potential risks associated with loan applications, and propose strategies to minimize these risks while meeting Servbank’s lending objectives.
- Maintain effective communication with borrowers, providing them with necessary information and guidance throughout the loan approval process to ensure a positive customer experience.
Requirements
- Minimum of 5 years of experience in underwriting SBA 504 and 7(a) loans.
- In-depth understanding of SBA lending programs, guidelines, and compliance requirements.
- Strong analytical skills with the ability to interpret financial statements, assess credit risk, and make sound underwriting decisions.
- Exceptional attention to detail to ensure accuracy and thoroughness in loan evaluations and documentation.
- Excellent written and verbal communication skills to clearly articulate underwriting findings and recommendations.
- Ability to work collaboratively within a team and maintain effective relationships with internal and external stakeholders.
This opportunity at Servbank allows for a driven and meticulous underwriting professional to contribute to our mission of providing exceptional SBA lending services. If you possess a strong background in 504 and 7(a) lending, along with the expertise to support our underwriting operations, we encourage you to apply and become an integral part of our dedicated team.
EEO Statement:
We’re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
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