Posted: Wednesday, September 6, 2017 12:54 PM
Areas of Interest:Commercial Banking, Business Banking; Lending; Underwriting
BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.:based financial services holding company with operations in ten states : Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.
The Small Business Underwriter is responsible for making individual lending decisions for small business loan applications. These loan types include working capital lines of credit, fixed asset purchases, and commercial real estate transactions.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
:Independently processes, evaluates and makes individual lending decisions, within assigned lending authority, on a variety of complex small business applications by utilizing in part an automated credit application processing (scoring) system. Credit scoring is a technology used to quantify risk associated with an extension of credit and is one of several processes utilized by the Underwriter. It is one of several resources utilized in evaluating the creditworthiness of an application. It is the Underwriter's job to review all aspects of a loan request, including but not limited to the following: Reviews applications for errors and inconsistencies; contacts appropriate bank personnel for clarification before continuing to process. Financial statement analysis: reviews personal and business financial statements/tax returns and delineates the information to arrive at a global cash flow. Credit history: reviews individual and business credit reports and have a thorough understanding of credit scoring. Debt coverage ratio: the underwriter will have a complete understanding what key items make up this critical component in the credit evaluation task by understanding verifiable income from the tax returns/financial statements and the personal/business liabilities found on credit reports and other sources. Judgmental secondary analysis required when deemed appropriate by the Underwriter. Collateral: judgmental analysis and valuation of proposed collateral utilizing the appropriate measure or ratio with respect to policy guidelines. Loan policy: must have thorough knowledge of the Bank's Credit Policies and other sources that compliment those policies.
:Following analysis/documentation of factors pertinent to the specific request, the Underwriter will either decision the request or recommend a decision and forward to management. Policy exceptions : recognizes, notates and then seeks managerial approval. Recommends alternate credit structures or products and low:side overrides. SBA products :reviews applications and recommends use of scored SBA products to mitigate identified weaknesses. Counter:offer : recognizes opportunities and recommends when alternatives can be best utilized to protect the bank's interests and meet the borrower's needs.
:Serves as information source to BBG lenders and their AA's, Business Experts, Consumer branch personnel, and Express Bank personnel. Applies knowledge of policies/procedures when advising personnel of products, application forms, and financial requirements. Provides follow:up information regarding completed loan applications including detailed explanations of decline reasons and counteroffers and required conditions of approval.
:Prepares decline letters to maintain ECOA compliance; issues counteroffer letters, NOI's, and SBA Contingent letters.
KNOWLEDGE, SKILLS and ABILITIES:
:Advanced knowledge of business and personal financial statements/tax returns
:Advanced knowledge of the SBU products and policies
:Excellent PC application skills
:Excellent interpersonal, verbal, and written communication skillsThis level of knowledge is normally acquired
• Location: Dallas
• Post ID: 65360307 dallas