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Capital One Small Business Underwriter II in Plano, Texas

Plano 2 (31062), United States of America, Plano, Texas

Small Business Underwriter II

Summary:

We're looking for driven individuals that combine great credit discipline with balanced decision making, excellent organization skills and customer focus to join our Small Business Lending team as a Small Business Underwriter. This Small Business Underwriter II role focuses on portfolio review with a concentration on SBA as well as underwrites and approves small business loan requests with Maximum Potential Exposure of up to $5 Million (new loan requests or renewals), and maintains up to $500,000 individual commercial loan authority for secured and unsecured loans. As an experienced member of a high performing team, Underwriter II individuals are expected to serve as subject matter experts, help pursue the SB Lending agenda with special projects, and help coach other individuals in the team by contributing to department training.

We need underwriters that not only bring solid commercial underwriting experience to continue to push the underwriting team’s capabilities and high rigor in credit risk management; but also are innovative and adaptive to the needs of this dynamic space.

Responsibilities:

  • Collaborates with legal, collections and special assets to develop effective risk management strategies

  • Adheres to SBA Standard Operating Procedures to efficiently submit servicing requests including loan modifications, Purchase Demand Kits, Offers In Compromises, Reinstatements, and Charge Off Requests

  • Prepares Purchase Demand Kits for SBA loans as needed

  • Communication with the SBA regarding Offers in Compromise

  • Supports legal, collections and special assets in implementing the SBA SOP process for applying for SBA guarantee purchase.

  • Is proactive about identifying and delivering improvements in our Small Business policy, underwriting, and/or risk management, and performs special project work as appropriate.

  • Mentors other members of the team

  • Recommends commercial loan risk rating grades as part of the loan underwriting process, annual reviews, and other interim reviews.

  • Ensures appropriate application of all bank and line of business policies and procedures; supporting and driving adherence to regulatory compliance requirements.

  • Underwrites, performs renewals or reviews of loans up to $5MM.

  • Underwrites and approves, conditions, or declines new loan requests, renewals and annual reviews up to the limit of his/her commercial loan authority in accordance with Capital One Bank loan policy and portfolio performance objectives. Maintains up to $500,000 in commercial loan authority for secured and unsecured loans.

  • Underwrites and then recommends approval on loan requests that are in excess of his/her commercial loan authority. These requests are submitted to either an Underwriting Manager or Credit Officer for final approval.

  • Works with the sales team to structure loan requests in a manner which will best mitigate lending risks while meeting borrower needs.

  • Delivers a great overall customer experience working closely with all partners.

Basic Qualifications:

  • At least 5 years of experience in credit administration, loan underwriting, commercial lending or a combination.

Preferred Qualifications:

  • Bachelor's Degree

  • Completion of a formal credit training or credit underwriting.

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

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