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PlainsCapital Bank · 2 days ago

SBA Underwriter

Dallas, TX

Full-time

Onsite

Senior Level

5+ years exp

PlainsCapital Bank is a financial institution founded in 1988, committed to relationship banking and financial stability. The SBA Underwriter is responsible for underwriting SBA loans, performing portfolio monitoring, and administering the Bank's small business lending platform.

BankingFinancial Services

Responsibilities

Underwrite SBA 7a and 504 loan requests to ensure they adhere to the Bank’s and SBA’s credit policies and procedures

Prepare cash flow, spreads, sensitivity testing, financial and industry analysis as appropriate to verify business’s ability to service debt

Evaluate the creditworthiness of prospective Borrower(s) and Guarantor(s)

Analyze proposed collateral for sufficiency and compliance with Bank’s and SBA’s lending standards

Analyze third-party reports and other due diligence documentation to ensure support of credit recommendations

Determines whether the proposed loan, as structured, conforms to the Bank’s and SBA’s current lending parameters and eligibility requirements

Communicate with Lenders concerning applicant's creditworthiness and/or additional needs items to finalize analysis

Prepare a detailed loan write-up including cash flow analysis, business and guarantor analysis, collateral analysis, and detail all conditions that underwriting is imposing on the closing or funding of the loan

Responsible for reviewing and/or drafting term letters; ensuring that the terms and conditions of the loan approval are accurately reflected

Review SBA loan documents for accuracy and conformance with SBA authorization and loan approval

Provide support to SBA Loan Closers and Loan Servicing to ensure loan all pre and post-closing conditions are met and the loan is closed and boarded smoothly and accurately

Underwrite and recommend approval/denial of loan modifications and servicing requests

Promote and provide excellent customer service by effectively communicating and cooperating with all internal and external customers

Provide support in the acquisition of new clientele and the maintenance of existing relationships; promote close working relationships with clients

Maintain a thorough understanding of the Bank’s lending objectives, credit policies and procedures, underwriting guidelines, and various lending products. Understands and complies with requirements of all laws and regulations applicable to the position

Complete tasks created by workflow items from Small Business Lending Platform

Administration of Small Business Lending platform (work with vendor on any platform/application issues, review/respond to workflow errors, work/delegate workflow items that need to be addressed outside of the system)

Other duties as required

Qualification

SBA 7a underwritingSBA 504 underwritingCredit analysisFinancial statement interpretationCredit Training programMicrosoft OfficeAnalytical skillsCommunication skillsTime managementProblem-solving skills

Required

Bachelor's degree in business related field required. Strong preference for Finance or Accounting major or concentration

5 or more years' experience underwriting SBA 7a and 504 loans with proven ability to comprehend, analyze, and interpret information regarding financial statements, tax returns, and other information for the more complicated commercial loan transactions

Deep understanding of Small Business Administration's Standard Operating Procedures and the ability to stay up to date of current and changing regulations related to the banking industry, SBA 7a, and 504 loan programs

Excellent verbal, written and interpersonal communication skills with the ability to interact with all levels of customers, clients, vendors, and internal partners

Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems

Excellent analytical, time management, organizational and problem-solving skills with the ability to manage multiple projects and work in a deadline-driven, dynamic environment

Must be self-motivated with strong initiative, accountability, and attention to detail with the ability to work both independently and as a member of a team