iBusiness Funding · 1 day ago

USDA Underwriter

United States

Full-time

Remote

Mid Level

3+ years exp

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Responsibilities

Reviews each assigned USDA application following completion of the pre-screen process

Apply knowledge of 7 CFR 5001 regulations to evaluate loan applications for accuracy, completeness, and eligibility

Periodically engages in discussions of prospective loan requests with BDA/BDOs, prospective borrowers, closing partners, and Credit Leadership

Performs detailed analysis of financial statement spreads and repayment capacity for borrowers, affiliate business entities, and corporate and personal guarantors

Reviews business and personal credit reports, as well as industry and market data

Identifies and properly mitigates all risks associated with each assigned USDA application

Prepares an appropriately detailed Credit Memorandum outlining terms and conditions for loan closing, summarizing financial and business analysis, and addressing mitigation of all identified risks

Demonstrates excellent working knowledge of all systems utilized by the department

Qualification

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USDA Rural DevelopmentCommercial loan underwritingFinancial analysisFinancial statement spreading