Windsor Advantage - SBA Underwriter IV

About Us
Capital Bank N.A. is headquartered in Maryland, serving our communities since 1999. We offer commercial and consumer banking services to clients in the DC metro area, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states.

Windsor Advantage, an affiliate of Capital Bank N.A., is the nation's leading lender service provider with more than 150 years of cumulative in-house SBA 7(a) and USDA experience, cutting edge systems and rigid controls. Develop an innovative and sustainable SBA and USDA platform without hiring staff or incurring capital expenditures. Windsor Advantage is uniquely qualified as a lender service provider to support it's clients to develop and execute thoughtful and comprehensive SBA and USDA lending programs.

Position Purpose
The SBA Underwriter will assist the lender with their SBA Loan request by preparing a pre-assessment for eligibility, borrower checklist, lender checklist, document collection, spreading the tax returns and other financial documents, and preparing a Credit Summary for SBA Eligibility. The Credit Summary for SBA Eligibility is written in compliance with the SBA SOP and lender loan policy and guidelines. The Credit Summary is reviewed for quality control prior to forwarding to the lender.

Position Responsibilities

• Prepare, review, and analyze the creditworthiness of all applicant’s loan requests by spreading company and personal financial statements.
• Manage loan applications, assist various Lenders, Banks, and Credit Unions with their borrowers by communicating via email and phone to determine if the loan is a candidate for the SBA Loan Program.
• Inform Lender of the SBA guidelines for loan structure maximum rate and term depending on the loan requested. Assist lender in preparing the sources and uses of the loan request. Review construction budget, inventory list, FF&E costs estimate/invoices, purchase agreements, debt refinance analysis, business acquisition/partner buyout, and working capital needs.
• Prepare a collateral table to assess the adequacy of all business assets and apply the SBA liquidation percentage to result in the net value for the assets. If there is a collateral shortfall, SBA may require personal and/or affiliate assets for coverage.
• Business Overview to discuss the business description and history, locations, products/services, business model, management, succession plan, competition, vendors, define market area, customer base, strengths, and weaknesses of the business. Compare business NAICS and Franchise to Coleman statistics and FRAN data for trends and success rates of the business or franchise.
• Spread historical and projected financial documents to determine cash flow and repayment to show the applicant meets SOP guideline for DSC of 1.15x or better. Analyze projection assumptions for reasonableness in obtaining the level of sales and net profit. Determine the projected break-even and what if scenarios.
• Discuss RMA Common Size ratios in comparison to the borrower’s revenues and expenses.
• Analyze and spread affiliate businesses to show these entities will not be a strain on the applicant/borrower.
• Analyze the principals’ and guarantors’ personal financial statement, personal tax returns and credit report.
• Prepare a global cash flow and rate sensitivity spreads to determine the business and its affiliates meet the SOP guideline for DSC of 1x.
• Spread historical balance sheet to compare with the common size ratios of RMA. Based on the sources and uses, prepare a pro-forma balance sheet to show how the transaction will affect the balance sheet. Discuss the current and debt to tangible net worth ratios and compare to RMA ratios.
• SBA 7a eligibility requirements include size standard analysis or alternate size standard analysis to show the applicant and its affiliates meets the SBA determinates for the Small Business.
• If applicable, review CAIVRS that check for delinquent Federal debt and prior loss to the Federal Government. Sam.gov reports are obtained for the business, for all principals, affiliate businesses, broker/agent, LSP employees and SBA Lender that show none of these entities are debarred from conducting business with the
  Federal Government.
• Work with the Underwriting Team daily to improve the underwriting process and Lender/Borrower experience with Windsor Advantage. The underwriter is the first line of contact with the clients; therefore, it is imperative that the Underwriter represents the best Windsor has to offer the clients.
• Work with the packager/closer team for a smooth hand-off of the borrower to the next level in the SBA Process (submission and closing). If needed, assist in screen-out responses, credit addendums, and memos to the file.
• Support and help implement organizational initiatives.
• Ensure the security and confidentiality of private customer information. Protect against unauthorized access to or use of customer information that could result in harm or inconvenience to the customer.
• Be able to exercise discretion and work independently to make judgements with respect to matters of significance, and be able to discern items that can impact risk to Windsor Advantage.
  
  

Minimum Education & Experience

• A bachelor’s degree in finance or accounting or other related area; or equivalent relevant experience.
• Minimum 6 years of processing/servicing experience
• Minimum of 3 years commercial/SBA underwriting experience
• Underwriting experience of loan amounts $2MM or higher
• Recent underwriting experience in a high-volume environment with full knowledge of the lending requirement, regulations, and procedures for conventional, SBA and USDA loan programs required.
  
  

Technical Knowledge and Skills

• Strong verbal and written communications skills.
• Must be a creative thinker and proactive problem solver with a history of working efficiently and effectively, meeting deadlines, and following projects through to
  completion.
• Must be organized and detail oriented.
• Strong computer skills; including a working knowledge of Microsoft Office Suite as well as knowledge of computer systems as they relate to
  commercial lending activities preferred
• A solid understanding of credit lending for various loan types and participations.
• Industry knowledge and experience with a keen understanding of Bank lending, policies, procedures, and regulations related to commercial lending.
• Understanding of servicing data reports
  
  

Working Arrangements 

• Open to 100% remote candidates dependent upon experience.
   

Why Join Us? 

• Join a growing company with a culture that fosters an entrepreneurial spirit
• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more!
• Company Contributions to your 401k - Regardless of your contribution
• Employee Perks: Employee Recognition Program, Commuter Benefits, Employee Banking Discounts and much more!
• Generous Paid Time Off and Paid Holidays 

Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an Affirmative Action, E-Verify, and Equal Opportunity Employer.