Small Business Administrator (SBA) Underwriter

Application Deadline:

06/27/2024

Address:

VIRTUAL(R)35 - HomeRes - OH

Job Family Group:

Customer Solutions

• VIRTUAL Work arrangement
• Review credit and borrower information to determine loan program eligibility
• When needed, contact borrowers to gather and follow up on information needed to assist the underwriting decision.
• Review and analyze legal documents, UCC search information title reports, appraisals, business valuations, Lease agreements, Purchase Agreements, Review appraisal and environmental and other reports.  Working closely with lender and loan closing team to process and close SBA loans.
• Working experience in SBA 7a and 504 lending programs, with knowledge of the SBA standard operating procedures

Come join a culture that is about so much more than the bottom line. Be a part of a team that celebrates big ideas, supports your personal and professional growth, and makes a real impact in local communities. At BMO, you will enjoy work that makes a difference; help us live our Purpose: To Boldly Grow the Good in Business and Life.

Our Small Business Administration (SBA) Underwriter evaluates loan applications and other financial data and transforms it into a concise, accurate report which can be utilized by the approving authority to make a credit decision on a new and renewal SBA loan in accordance within Bank’s policies and procedures and SBA SOP.

Additionally, our SBA Underwriter will analyze new customer credit applications. Makes credit decisions / recommendations in accordance with credit-granting principles.

• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Collaborates with internal and external stakeholders to deliver on business objectives.
• Ensures alignment between stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Monitors and tracks performance and addresses any issues.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Supports the development of tailored messaging, which may include writing, editing, and distributing communications.
• Executes routine tasks (e.g. service requests, transactions, queries etc.) within relevant service level agreements.
• Provides input into the planning and implementation of operational programs.
• Adjudicates new credit applications within defined limits or recommends credit products based on sound credit granting principles.
• Completes credit analyses to adjudicate credit applications.
• Responds to incoming inquiries in a prompt and professional manner and escalates issues to superiors or other departments.
• Assists customers and conducts all credit and related transactions.
• Keeps current with established processes, policies, and regulations, and knowledge of products, credit policies, services, and relevant legal, regulatory, and technology requirements.
• May contact customers to obtain, clarify, or confirm information.
• Applies and documents sound credit granting applications and lending decisions.
• Follows security and safeguarding procedures to reduce credit/lending risks.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically between 8+ years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.
• 8+ years of mortgage underwriting experience - required.
• Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) in the U.S. - required.
• Strong comprehension of HUD Handbook 4155.1 and 4155.2 in the U.S. - required.
• Prior relationship management experience - preferred.
• Expertise in credit and lending products, related