Senior BLC Loan Underwriter

Location US-MS-Pearl
Posted Date 3 weeks ago(10/30/2024 3:55 PM)
Job ID
2024-17854
Category
Underwriting
Type
Regular Full-Time
Job Grade
15
FLSA Status
Exempt
Working Hours
8am - 5pm
Job Location: Company
Business Loan Center - 10122

Overview

The purpose of this job is to serve in a senior position for approving and declining small business loan applications submitted to the Business Loan Center by business bankers and designated retail lenders.

Responsibilities

  • Credit decisions for aggregate credits up to Small Business definition maximum
  • Credit policy waivers and exceptions
  • Decision over limit requests for junior underwriters
  • Decision and document small business loan requests, including pricing, for approval, denial, or conditional approval
  • Review small business loan applications for credit score, quality of personal credit history, proper debt service coverage/cash flow, collateral, financial ratios, etc.
  • Perform analysis for credit decisions (cash flow or debt coverage ratio, collateral loan to value, appraisals, title searches, etc.)
  • Review loan packages for compliance with TMK Loan Policy and Small Business Loan Underwriting Guidelines (desirability of credit, purpose, terms, collateral, financial statements, etc.)
  • Review loan requests for HMDA applicability and compliance and submit requests as needed to HMDA 2nd Review Committee
  • Reviews loan decisions of junior underwriters for over limit requests.

Qualifications

  • Minimum four-year college degree
  • Extensive knowledge of small business and commercial lending process
  • Advanced knowledge of regulatory compliance procedures regarding small business lending
  • Extensive knowledge of credit analysis techniques
  • A broad understanding of small business and the inherent risks and opportunities associated with varying industry types
  • Good judgmental skills
  • Strong interpersonal skills
  • Advanced computer skills
  • Basic leadership and management skills

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