SBA Underwriter
SBA Underwriter
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Job Description
Application Deadline:
Address:
VIRTUAL49 HomeRes WIJob Family Group:
Customer SolutionsCome 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 SBA Underwriters analyze new customer credit applications. Makes credit decisions / recommendations in accordance with creditgranting 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 of strategic initiatives in collaboration with internal and external stakeholders.
- Helps determine business priorities and best sequence for 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 adhoc 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 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 enterprisewide 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 postsecondary 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 regulatory requirements and secondary market guidelines.
- Experience with webbased approval systems (DU/LP) required.
- Indepth pipeline management required.
- Strong comprehension of complicated income structures including income from multiple sources (e.g. selfemployment rental or trust income etc..
- Indepth knowledge of competitive marketplace and trends in product offerings.
- Ability to identify/manage potential risk.
- Indepth knowledge of cash flow credit and evaluating collateral.
- Indepth knowledge of complex credit request structures that minimize risk while providing business value to the customer.
- Working knowledge of credit policies procedures principles and philosophy.
- Thorough knowledge of software used to capture credit applications.
- Strong ability to analyze complex financials and tax returns.
- Strong familiarity with credit financial analysis techniques.
- Technical proficiency gained through education and/or business experience.
- Verbal & written communication skills Indepth.
- Collaboration & team skills Indepth.
- Analytical and problem solving skills Indepth.
- Influence skills Indepth.
- Data driven decision making Indepth.
Salary:
$61600.00 $114400.00Pay Type:
SalariedThe above represents BMO Financial Groups pay range and type.
Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for parttime roles will be prorated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.
BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performancebased incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting positive change for our customers our communities and our people. By working together innovating and pushing boundaries we transform lives and businesses and power economic growth around the world.
As a member of the BMO team you are valued respected and heard and you have more ways to grow and make an impact. We strive to help you make an impact from day one for yourself and our customers. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.
Employment Type
Remote
Company Industry
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
