Commercial Loan Underwriter

State Bank of India (California) is a full-service financial institution, offering an extensive portfolio of lending solutions as well as comprehensive consumer, business, and international services. The Bank was established in 1982 as a California State Chartered Bank under the Department of Financial Institutions in Los Angeles, California. At present, we have a total of seven branches throughout California with our headquarters located in Downtown Los Angeles.

Through our branch and online network, SBIC has a strong presence and specialization in specific business sectors and expanded strategic markets.

Responsible for consistently underwriting safe and sound commercial loans that are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations. Evaluates complex credit information for new and existing clients and underwrites commercial, SBA, real estate, term loans, and lines of credit loans. Remains abreast of industry developments, applies knowledge to the decision-making process and makes sound credit recommendations.

Provides the Bank with accurate, clear, and concise written Credit Memos.

• Under general supervision, consistently underwrites safe and sound commercial loans in an expedient manner that are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.
• Under general supervision, analyzes financial data related to new and renewal loan requests, including, but not limited to, lines of credit, asset-based lines, commercial real estate, and equipment financing loans.
• Carefully assesses and evaluates the risk of financing requests within the framework of the Bank’s credit culture and current economic and industry trends and presents facts and offers opinions/recommendations to loans officers and relationship personnel concerning applicant’s credit worthiness.
• Establishes and maintains a close working relationship with loan and relationship officers, participates in customer calls, assists loan and relationship officers in managing customer relationships by providing advanced credit analysis and support, thereby ensuring the needs of a borrower are met by underwriting the appropriate type of loan(s) and ancillary product(s), and works with loan and relationship officers to create solutions for problems that arise during the underwriting process.
• Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers’ income, and follows up with customers to obtain all necessary information and clarification on financial analysis materials and resources.
• Orders and reviews credit and insurance reports, flood zone determinations and UCC filings, performs title searches and reviews site inspections, and ensures the Bank’s collateral position can be appropriately achieved and protected.
• Utilizes independent judgement to review and correct potential problems during the commercial loan approval process, such as issues related to credit history, nonconforming appraisals, policy exceptions, etc.
• Prepares summary and/or credit approval report documenting credit analysis and supporting information for credit decision recommendations.
• May work with attorneys and other financial or legal resources to obtain correct and accurate documents to fully protect the Bank’s interests in the credit relationship.
• Assists loan and relationship officers in reviewing loan documents for accuracy, completeness and adherence to approval conditions, and ensures loan agreements are in compliance with the Bank’s underwriting standards and all applicable state and federal laws, rules and regulations.
• Assists loan and relationship officers in providing verbal and written letters of commitment for each loan decision detailing required documentation, loan interest rate, as well as the fees and amount approved, provides related correspondence to loan officers, borrowers, and others.
• May directly manage a portfolio of credit relationships as assigned by Credit Administration.
• Assists with monitoring of assigned credit…