Job Description

ApplePie Capital is seeking an experienced  C&I and SBA Underwriter who will support the origination team and underwrite franchise loan requests. This person will report to the Senior Underwriting Manager.

The Underwriter will be a motivated team player who is passionate about critical thinking and analytics. You excel at understanding and interpreting risk and have experience with data analysis and small business underwriting. You are a self-motivated problem solver and thrive in a fast-paced environment where you will work with a strong existing team of Underwriting professionals. Primary responsibility is to review loan applications, perform credit and background checks, and evaluate business plans and/or business financials.

This full-time position is REMOTE.

KEY AREAS OF RESPONSIBILITY

· Reviews financial statements and business forecasts and assesses applicant’s likely ability to meet loan obligations

· Determines customer creditworthiness by studying credit application, obtaining credit reports, analyzing other information provided by applicant, comparing financials/forecasts to benchmarks, conferring with CCO and/or sales, obtaining additional information when required, and recommending loans for approve/decline and interest rate assignment

· Drafts pre-qualification letter and/or term sheet tailored to specifics of loan application under consideration

· Prepares comprehensive reviews and approve and price loans up to assigned authority

· Understands credit bureau and industry performance data

· Reviews and makes decisions on loan requests, including interest rate, up to assigned authority

· Discusses and communicates with customers and sales clearly regarding the specific situation and any missing information

· Prepares final loan file and document any exceptions or missing docs

· Perform Customer Identification Program, customer due diligence, and account risk rating for compliance with Bank Secrecy Act, OFAC, and USA PATRIOT Act

· Monitor applicant and account activity to 'Know Your Customer'

· Stay current on and comply with regulations and company policies, report suspicious activity and compliance risks to management

SKILLS/STRENGTHS

· Acts with integrity and respect

· Self-motivated and strong work ethic

· Strong communication skills

· Team player who partners with sales team and understands the customer’s situation

· Negotiates effectively

· Highly organized and disciplined

· Proactively identifies opportunities for process improvements

· Able to effectively manage multiple deals and customers simultaneously

· Keen attention to detail

· Analyzes and creatively solves problems

EDUCATION AND EXPERIENCE

· Bachelor’s Degree (4 years), preferably in an Accounting or Finance related field OR more than 4 years related experience

· Minimum of 3-5 years in a small business credit underwriting environment, including specific experience with detailed credit/financial analysis required

· SBA lending experience preferred

· Franchise lending experience highly preferred

· Salesforce experience

· Intermediate Excel skills

AppliePie Capital is an equal opportunity employer.

For more information about ApplePie Capital, visit www.applepiecapital.com.

Company Description

ApplePie Capital is a fast-growing online lender focused exclusively on the franchise industry. Our channel is differentiated and our momentum is real - we forge partnerships with high quality franchise brands, who deliver highly-qualified franchisee borrowers seeking capital to grow their franchise empire and escape the growth limitations of traditional financing. We have originated over $1.3b in loan volume to fund franchise loans. Our next step is to scale our success and become the premier one-stop shop for franchise finance, a $60B annual debt market. To get there, we’re looking for team members with true grit, an entrepreneurial spirit, and a burning desire to make their mark.