SBA Underwriter, VSBA Credit - Remote

Who We Are:
Velocity Vehicle Group (VVG) is a premium commercial brand medium to heavy truck dealership that offers the full-service experience for our customers, from an outstanding sales organization to highly skilled technicians to service your vehicle, and on demand parts. Our goal is to be your one stop shop experts for all truckers, owner operators, fleets and companies. This coupled with our Leasing and Rental business and our financial services business make VVG the leading Truck dealership.

What’s in it for You:
VVG is a fast paced and growing organization that is looking for candidates that are ready for a daily challenge and cannot wait to provide superior customer service both internally and externally. VVG offers fantastic Culture in an easy-going family-like business as well as competitive pay, 401K W/Match, Medical, Dental, & Vision benefits.

What You’ll Do:
VelocitySBA a division of Velocity Vehicle Group, is hiring an Credit Officer - SBA Underwriter working remotely.

Job Duties
• Responsible for underwriting complex SBA 7a loan transactions under the supervision of the Credit Team Lead and/or Credit Manager.
• Responsible for proactively updating pipeline report dates and statuses; Credit Officer must be prepared to provide valuable updates to loan requests on pipeline calls.
• Responsible for submitting an initial Underwriting Needs list to Applicant within 48 hours of loan assignment; documentation/responses received from Applicant must be reviewed within 24 hours of receipt with follow-up to Applicant within said time period. Credit Officer is responsible for proactively communicating with the Applicant throughout the Underwriting process. Credit Officer must be able to take initiative and perform reliable judgment with minimal supervision.
• Responsible for completing due diligence requirements within the Underwriting process, which include (not limited to) submitting tax transcript requests (and verifying transcripts), running/reviewing background check reports, CAIVRS searches, and other searches as required.
• Responsible for spreading and thoroughly analyzing financial information (tax returns, company-prepared financial statements, etc.) of loan applicants and evaluating the information according to internal Credit Policies & Procedures. Credit
• Responsible for ordering/reviewing 3rd party reports (e.g. Appraisal, Environmental, or Business Valuation).
• Responsible for preparing high-quality Credit Memorandums (CMs) with limited feedback from Management. Credit Officer will be responsible for ensuring CMs are underwritten to policies and procedures of VelocitySBA and the SBA. Credit Officer will be responsible for signing off on Underwriting conditions prior to Loan Closing.
• Responsible for exercising discretionary and independent judgment in preparing and recommending credit approval/decision to the Management Loan Committee.
• Responsible for collaboratively working with all parties (internal and external) to ensure a timely and efficient overall process. Credit Officer will be responsible for coordinating with the Closing Team to prioritize and efficiently process transactions, including timely completion of Amendments to Credit Memos to meet Closing target dates.

Knowledge/Skills Required
• Advanced Credit underwriting skills with minimum 5 years of Underwriting complex SBA 7(a) loans
• Proficient business writing skills
• Professional speaking and presentation skills
• Advanced understanding and knowledge of SBA eligibility and guidelines
• Advanced ability to identify and mitigate credit risks in the beginning of the process
• Ability to thoroughly analyze and interpret financial statements (and understand the notable impacts to the overall credit request), business reports and legal documents
• Ability to prioritize and underwrite multiple loan requests at any given time, based on Company-goals and deadlines (including assisting with changes to loans in Closing)
• Reliable judgment and problem-solving skills

Compensation: $95,000/yr - $110,000/yr base salary based on location plus bonus incentives

Benefits Velocity Vehicle Group Offers:
• Fantastic Culture
• 401k + match
• Health, Dental & Vision Insurance + HSA & FSA
• Employer paid Life Insurance
• Paid Vacation Days
• Sick Leave
• Company perks such as employee discounts, company events and training programs
• Excellent Training and Career Advancement Opportunities

Velocity Vehicle Group is an equal opportunity employer. Velocity Vehicle Group prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.

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