Underwriter, Credit TeamChicago, IL (on-site)

NEWITY is America’s Small Business Marketplace, focused on empowering entrepreneurs with access to trusted service providers and loan solutions. We are looking for an Underwriter to join our Credit & Underwriting team.  

In this role, you will partner with prospective borrowers requiring customized lending solutions via the Small Business Administration (“SBA”) 7(a) loan program. You will be responsible for analyzing credit requirements, developing credit packages, and presenting materials to credit committees. NEWITY offers a fast-paced environment where you will need to adapt quickly and learn on the fly. This role is a great opportunity for experienced underwriters interested in having an impact in the small business lending space.  

Qualifications 

  • College degree preferred  
  • Five (5) years of relevant work experience required 
  • Understand SBA programs, procedures, and lending compliance rules preferred 
  • Experience originating and underwriting loans 
  • Knowledge of credit and risk analysis, credit scoring, and documentation requirements  
  • Service oriented with a proven ability to build long-term relationships with borrowers 
  • Able to produce a high volume of quality output, with a strong focus on productivity and volume targets 
  • Strong sales and relationship management skills 
  • Comfortable managing multiple deliverables at once 
  • Able to multi-task under time pressure  
  • Entrepreneurial spirit and willingness to take on challenges 
  • Strong interpersonal, written, and verbal communication skills  
  • Ability to adapt to changing circumstances and priorities  
  • Strong analytical skills, accuracy, and attention to detail  
  • Proficiency in excel required 

Description & Responsibilities

  • Partner with prospective borrowers to underwrite SBA 7(a) loans 
  • Determine loan feasibility and lender creditworthiness to determine whether the borrower meets set standards 
  • Perform analysis and underwriting for loan requests and ensure timely completion of credit presentation for new and renewing loans 
  • Prepare and present loan requests to credit committees 
  • Manage borrower relationship and actively cross sell NEWITY’s various products 
  • Maintain current and in-depth knowledge of SBA regulations and lending requirements 
  • Partner with relationship managers to ensure efficiency and an excellent customer experience 

Location

  • Chicago, IL (on-site)

 

NEWITY is an Equal Opportunity Employer and consider applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws.