Credit Underwriter (VSBA)

Dallas, TX, USA ● Irving, TX, USA Req #4058
Thursday, May 11, 2023

Who We Are:
VelocitySBA provides small business owners with access to growth capital through the SBA loan program. Having access to small business financing can give you the security and freedom to focus on other aspects of running your business. We can help you purchase commercial real estate and equipment, provide growth capital financing, deliver debt refinance solutions, aide with business acquisition/partner buyout, and assist small business owners with their startups.


What’s in it for You:
VSBA  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.


What You’ll Do: 

VelocitySBA a division of Velocity Vehicle Group, is hiring an Credit Officer - SBA Underwriter. This role will report to the location in Irving, Texas opening mid-2023. 

Job Description

  • Spread and analyze financial information of loan applicants and evaluate the information according to internal Credit Policies & Procedures.
  • Responsible for underwriting and conducting due diligence (includes background searches, collection and review of documents and customer interviews) of SBA 7a loan transactions under the supervision of the Credit Manager 
  • Prepares Credit Memorandum and ensures it is underwritten to the policies and procedures of VelocitySBA and the SBA.
  • Coordinates processing of approved loans and ensuring that loans are processed according to customer needs and conforming to internal lending policies.
  • Exercise discretionary and independent judgment in preparing and recommending credit approval to the Management Loan Committee.
  • Coordinate with the Closing Team to efficiently process transactions.

Knowledge/Skills Required

  • Minimum 5+ years of underwriting and spreading of SBA 7(a) loans
  • Professional speaking and presentation skills
  • Proficient knowledge of SBA eligibility and guidelines
  • Ability to identify and mitigate credit risks
  • Ability to analyze and interpret financial statements, business reports and legal documents
  • Good judgment and problem-solving skills
  • Proficient business writing skills
Compensation: $75,000/yr - $115,000/yr

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employer for this job. Duties, responsibilities and activities may change at any time with or without notice.

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.  

Other details

  • Job Family USA Professional
  • Job Function Finance & Accounting
  • Pay Type Hourly
Location on Google Maps
  • Dallas, TX, USA
  • Irving, TX, USA